Charter National Bank

 

Loan Rates

Effective January 5, 2012

 

New Cars
Year APR Term
- 7.00 60 Months
Used Cars
2012 7.25 60 Months
2011 7.50 60 Months
2010 8.00 48 Months
2009 8.50 36 Months

Deduct .25% off rate for automatic debit out of a Charter Bank checking or savings account.

 

Call for down payment requirements

 

Borrower may be subject to a $95 recording fee to the Secretary of State.
 

NOTE: Units older than 2006 will be considered for financing based on value and applicant's credit profile at a rate of 10% WITH a $100.00 Processing Fee.

To determine what your payment would be, click here.

 

Recreational Vehicle and Boat Loans
Maximum Term APR Processing Fee
New > $20,000 60 Months 8.50% $100.00
New < $20,000 60 Months 8.50% $100.00
Used 48 Months 9.00% $100.00
Motorcycles, Jet Skis, etc.
$10,000 or More 60 Months 10.00% $100.00
$9,999 or Less 48 Months 10.00% $100.00
Retail Purchase Loans
Computers, Pianos, Etc. 48 Months 10.00% $100.00
Personal Loans
Secured Stock 36 Months Variable rate based on Prime.
Min. APR will be 5%
$100.00
Secured CD 36 Months Deposit Rate + 3.00%.
Min. APR will be 5%
No Fee
IRA's and checking accounts cannot be used to secure a consumer loan.
Processing fee of $100.00 will be charged on all loans except as secured.

To determine what your payment would be, click here.
 

Home Equity Line of Credit
Loan to Value for appraised value up to $650,000 is 80%.  $650,000 or greater LTV is 65%.
From To Interest Rate APR
$100,000 $500,000 Prime* 5.00%
$25,000 $99,999 Prime plus .50* 5.00%
$5,001 $24,999 Prime plus 1.00* 5.00%

* To qualify for these promotional rates you must have an automatic payment from a Charter checking account.  If you do not have an automatic payment from a Charter checking account the APR is .25% higher.  For Charter variable rate Home Equity Line of Credit, the Annual Percentage Rate (APR) is a variable rate based on the highest Prime Rate (Prime Rate as of 3/13/2009 is 3.25%) reported in the "Money Rates" section of The Wall Street Journal (the "WSJ" Prime) from time to time.  A Margin may be added to the Prime Rate.  The maximum APR for all credits is 18%.  The minimum APR is 5.00%.  Certain Loan to Value requirements apply.  Property insurance is required; flood insurance may be required.  Closing costs paid by Charter Bank are limited to appraisal, flood determination, title insurance and recording fee.  Term is for ten (10) years.  An early termination fee applies.  Offer applies to owner occupied 1-4 family residences located in the Chicago Metropolitan area.  Offer is for new customers only.  Consult your tax advisor about the deductibility of interest.  All lines are subject to the bank's underwriting parameters.

To determine what your payment would be, click here.

--------------------- 847.882.1000 ---------------------


2200 West Higgins Road 1400 Irving Park Rd 2069 Barrington Rd.
Hoffman Estates, IL 60169 Hanover Park, IL 60133 Hoffman Estates, IL 60169