Whether you are looking for a new home or seeking ways to make your business more efficient, our diverse loan programs will give you the solutions you seek.  Our personal loan programs are listed below.  To view our business loan programs, please click the business side scroll to the left. 

Personal Loans: Mortgage

When you make the decision to build or buy a home, or to improve the home you now own, we can help. We offer a wide variety of competitive mortgage rates and terms to fit your needs, as well as Home Equity loans to use for a variety of purposes.  Stop in today and speak to a WSB personal banker to find out which loan is right for you.

Fixed-Rate Loans       

• A variety of repayment terms are available.
• Both the interest rate and the monthly payments (for principal and interest) stay the same during the life of the loan.
• Interest rates are quoted based on the term of the loan requested.

Adjustable-Rate Loans       

• Usually have a lower initial interest rate than fixed rate loans.
• The interest rate fluctuates over the life of the loan based on market conditions.
• The loan agreement sets the date on which the interest rate and monthly payments can change.
• An “interest rate cap” places a limit on the amount the interest rate can increase or decrease.
• Interest rates are quoted based on the frequency of interest rate adjustments.

Balloon Loans           

• They have a fixed interest rate.
• The interest rate is usually lower than fixed-rate loans.
• A variety of amortization terms are available.
• There is a lump sum (balloon) payment due at maturity.

Home Equity Line of Credit Loans        

• HELOCs are adjustable loans with an extended repayment term for owner occupied dwellings.
• Application is made for a maximum credit limit that is revolving/reusable.
• Funds are accessed through a dedicated checking account.
• Accounts are billed interest due each month.
• The total loan-to-value (first and second lien) maximum is 80%.

Fixed-Rate Home Equity Loans

• A variety of repayment terms are available.

Real Estate Investor Loans         

• Available for tenant-occupied residential dwellings.
• Fixed, Balloon, and Adjustable terms are offered.

Construction/Permanent Financing       

• Available if you need payments made to contractors during construction of your new home.
• Use of an experienced contractor is required.
• Up to four disbursements are allowed during construction.
• We generally finance up to 80% of value under this adjustable-rate program.

Vacant Lot Loans       

• The purchase of a future home site may be financed.
• We generally finance up to 75% of value under this balloon loan program.

Bridge Loans

• Borrow money on equity against current home to finance new home; good for relocation

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Personal Loans:  Consumer

Waukegan Savings Bank offers loans to fit your needs, whether you’re purchasing a new car or boat or consolidating debt, we'll assist in helping you with the right loan.  Stop in and apply today.  You may qualify for a rate as low as 5.99%*!  

Automobile

• Fixed-rate programs are available for the purchase or refinance of  vehicles manufactured within the past 20 model years.
• A variety of loan terms are available.
• 85% LTV maximum.

Personal Loans         

• Secured and unsecured loans are available to a maximum of $10,000.
• Fixed-rate repayment terms are available.

Debt Consolidation Loans           

• Secured and unsecured loans up to $10,000 are available.
• Fixed-rate repayment terms are available.

Collateral Loans        

• Keep your savings intact and earn interest.
• Use your savings account as collateral for your loan.
• Low rates, flexible terms, immediate approval, instant cash.

Personal Loan Special*

Stop in today and apply!  You can purchase a car, consolidate credit card debt, or even buy presents for the holidays. 

APR = Annual Percentage Rate, new money only, rates subject to income, credit approved, collateral given, and closing fee may be required.  Rates subject to change, $10,000 @ 42 months w/ 5.99% APR = $264.51/mo.  Collateral may be required.