Loans

Masterline - Home Equity Line of Credit
"THE ONLY LOAN YOU'LL EVER NEED"

Our Masterline has one important advantage that makes it a more powerful credit tool than other home equity lines. You can set aside part of your credit line for a fixed-rate installment loan, like a car loan. And you can repay your loan in regular monthly payments, over the period you choose.

For example, if you have a Masterline with WSB and you decide to purchase a $20,000 car, just contact the bank and specify the repayment period you prefer. Then we will "carve out" $20,000 of your line into a traditional fixed-rate loan, complete with payment book, at a very competitive rate. It's just like a regular car loan, except that the interest may be tax deductible (please consult your tax advisor). The remainder of your line continues to be available for other loans. As you repay your installment loans, your credit line is increased to its original amount. More information on the "carve out" portion of your loan can be obtained here.

Our Masterline pricing is noted below:

*The Annual Percentage Rate is based on Prime or Prime plus a margin. Prime is currently 3.25% as of February 6 , 2009 and is subject to change without notice. The interest rate will vary over the life of the loan but will not be less than APR 4.00% or exceed an APR 18.50%. All loans are subject to credit approval. Property and flood insurance (if applicable) is required. Opening fees range from $0 - $80 and an annual fee of $65 will be billed on first monthly billing and annually thereafter. Minimum Payment Examples: If you made only the minimum payment and took no other credit advances, it would take you 10 years to pay off a credit advance of $10,000 at an APR of 4.50%. During that period, you would make 119 monthly payments ranging from $34.52 to $38.22 and one final payment of $10,038.22.


You can pick up an application at any of our offices or contact us.

Home Equity Installment Loans
"YOUR RATE AND PAYMENT WILL NEVER CHANGE"

Need that loan for home improvement? How about your child's education or medical expenses? How about debt consolidation or for that dream vacation?

Our Home Equity Loans are fixed-rate installment loans, like a car loan, secured by the equity in your home. And unlike a line of credit where you have payments of interest only and a balloon payment at the end, you can repay your loan in regular monthly payments, over the period you choose.

Click here for rates

All loans are subject to credit approval. Property and flood insurance (if applicable) is required. A $300 early termination fee will apply if the loan is closed within the first three (3) years.

You can pick up an application at any of our offices or contact us to apply over the phone.

Auto Loans

Smart Line of Credit

Student Loans

Please contact Sallie Mae at (888) 2-SALLIE or visit the Sallie Mae website at www.salliemae.com. Additional information may also be obtained by contacting your school’s financial aid office.

For More Information

	West Suburban Bank, Member FDIC, Equal Housing Lender.
	Serving DuPage, Kane, Kendall and Will Counties, Illinois.