Home Equity Line of Credit
Unlock the Endless Possibilities with a HELOC
Life is full of expenses. West Suburban Bank has a smart and affordable way to help you pay for those expenses and for all the other important things in life. You have the flexibility to finance home improvements, pay for college or private school tuition, finance emergency expenses, pay for a dream vacation, consolidate high interest rates or use it for virtually any other purpose.
- No Closing Cost¹
- No Points
- No Application Fees
- No Origination Fees
- No Appraisal Fees¹
Not sure if this is the right loan for you? We offer a wide variety of loan options and are committed to helping you find the perfect loan. Click here for more information on our loan products.
Stop in to apply with one of our friendly and knowledgeable customer service representatives at your local branch office. For more information, feel free to call us at (630) 652-2000.
*The ANNUAL PERCENTAGE RATE is based on Prime or Prime plus a margin. The Prime Rate, as published in the Wall Street Journal, is currently 3.25% as January 15, 2021, and is subject to change without notice. The Annual Percentage Rate will be fixed for the first 9 months, and thereafter the interest rate will vary over the life of the loan but will not be less than APR of 4.00% or exceed an APR of 18.50%. All loans are subject to credit approval. Loan-to-value not to exceed 80% secured by owner occupied 1-4 unit residential property. Property and flood insurance (if applicable) is required. Other restrictions may apply. West Suburban Bank pays all closing costs. An annual fee of $65 will be waived the first year and billed annually thereafter during the draw period. Rates, terms, and conditions are subject to change. Minimum Payment Requirement: You can obtain advances of credit during the following period: 120 months (the "Draw Period").Your regular payment will equal the amount of your accrued FINANCE CHARGES. You will make 120 of these payments. Your payments will be due monthly. Your "Minimum Payment" will be the regular payment, plus any amount past due and all other charges. An increase in the APR may increase the amount of your regular payment. The minimum payment during the draw period will not reduce the principal that is outstanding on your line. After the draw period ends, you will no longer be able to obtain credit advances and must repay the outstanding balance over a specified period of months (the "Repayment Period"). During the repayment period of 120 months, payments will be due monthly. Your minimum monthly payment will equal 0.833% of your balance at the start of the repayment period plus all accrued FINANCE CHARGES, any amount past due and all other charges. Minimum Payment Examples: If you made only minimum payments and took no other credit advances, it would take 20 years to pay off a credit advance of $10,000 at an APR of 4.25%. During that period, you would make 120 monthly payments varying from $32.60 to $36.10, followed by 119 payments varying between $119.40 and $83.92. This would be followed by one final payment of $87.62. This promotion is available for a limited time and West Suburban Bank may withdraw this offer at any time.
¹If your Home Equity Line of Credit is terminated sooner than 35 months after account opening, you will be responsible to repay us for all bona fide third-party charges that we waived at or before consummation. These charges typically total approximately $370-579, but may be higher in certain circumstances. You will receive an itemized list of actual charges at closing.
Headquarters: 711 S. Westmore-Meyers Road, Lombard, IL 60148.Back to Top