Loan Rates

One of the advantages of working with Park Bank is the flexibility that we offer in meeting your financial needs. That’s because, as a local bank, our decisions are made right here, and we’re not afraid to look at each situation individually.


Mortgage Rates

Explore the many mortgage options we offer and the rates associated with our home lending solutions.

Consumer Loan Rates

Park Bank employs a flexible formula for determining consumer loan rates that relies on information relating to your specific situation. Listed here are the best annual percentage rates (APRs) we offer for each loan type. We encourage you to contact us for more information on the loan that’s right for you.

30 Year Fixed Rate
15 Year Fixed Rate
Home Equity Line of Credit - Variable Rate*
Home Equity Line of Credit - Fixed Rate
New Vehicles
Used Vehicles
Other Vehicles

LOAN TYPE 30 Year Fixed Rate
Rate: As Low As: 3.35%
APR: As Low As: 3.386%
Assumptions:

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $270,000. The property is located in Madison, WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 740.

At a 3.350% interest rate, the APR for this loan type is 3.386%. The payment schedule would be:

  • 359 payments of $881.43 at an interest rate of 3.350%
  • 1 payment of $880.31 at an interest rate of 3.350%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Subject to credit approval.
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LOAN TYPE 15 Year Fixed Rate
Rate: As Low As: 2.6%
APR: As Low As: 2.665%
Assumptions:

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $270,000. The property is located in Madison, WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 740.

At a 2.600% interest rate, the APR for this loan type is 2.665%. The payment schedule would be:

  • 179 payments of $1,343.01 at an interest rate of 2.600%
  • 1 payment of $1,343.74 at an interest rate of 2.600%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Subject to credit approval.
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LOAN TYPE Home Equity Line of Credit - Variable Rate*
Rate: As Low As: 4.49%
APR: As Low As: 1.99%
Assumptions: *1.99% Annual Percentage Rate (APR) for 6 months. As low as 4.49% APR after the introductory rate is over. 1.99% APR Introductory Rate available for new home equity clients and existing Park Bank home equity clients increasing the credit limit by at least $10,000. The APR is a variable rate based on the Prime Rate published in the Wall Street Journal plus a margin. The margin is based on your creditworthiness. The maximum Annual Percentage Rate is 18% and the lowest the rate can be is a floor rate of 4.49% APR. We charge a $50 origination fee payable at closing. When applicable, additional property evaluation fees and/or title insurance are the responsibility of the applicant. Those fees range from $150 - $750. Property insurance is required All rates are subject to standard underwriting requirements and credit approval. Consult your tax advisor regarding interest deductibility. A balloon payment may result at the end of the plan.
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LOAN TYPE Home Equity Line of Credit - Fixed Rate
Rate: As Low As: 4.50%
APR: As Low As: 4.50%
Assumptions: The Annual Percentage Rate (APR) is a fixed rate for five years. The rate is based on your creditworthiness. We charge a $50 origination fee payable at closing. When applicable, additional property evaluation fees and/or title insurance are the responsibility of the applicant. Those fees range from $150 - $750. Property insurance is required. All rates are subject to standard underwriting requirements and credit approval. Consult your tax advisor regarding interest deductibility. A balloon payment may result at the end of the plan.
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LOAN TYPE New Vehicles
Rate: As Low As: 3.95%
APR: As Low As: 4.153%
Assumptions: A $50 loan documentation fee is required. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.
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LOAN TYPE Used Vehicles
Rate: As Low As: 5.25%
APR: As Low As: 5.585%
Assumptions: A $50 loan documentation fee is required. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.
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LOAN TYPE Other Vehicles
Rate: As Low As: 6.50%
APR: As Low As: 6.756%
Assumptions: A $50 loan documentation fee is required. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.
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