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: 4.25%
APR: As Low As: 4.286%
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 30 days and the assumed credit score is 740.

At a 4.250% interest rate, the APR for this loan type is 4.286%. The payment schedule would be:

  • 359 payments of $983.88 at an interest rate of 4.250%
  • 1 payment of $983.84 at an interest rate of 4.250%

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.



LOAN TYPE 15 Year Fixed Rate
Rate: As Low As: 3.325%
APR: As Low As: 3.388%
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 30 days and the assumed credit score is 740.

At a 3.325% interest rate, the APR for this loan type is 3.388%. The payment schedule would be:

  • 179 payments of $1,412.64 at an interest rate of 3.325%
  • 1 payment of $1,412.52 at an interest rate of 3.325%

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.



LOAN TYPE Home Equity Line of Credit - Variable Rate
Rate: As Low As: 4.49%
APR: As Low As: 4.49%
Assumptions: The Annual Percentage Rate (APR) is a variable rate based on The Prime Rate published in the Wall Street Journal, plus a margin. The maximum APR is 23%. Closing costs range between $310.00 and $750.00. We charge an annual fee of $50, which is waived the first year. New home equity relationships of $10,000 or more only. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.
LOAN TYPE Home Equity Line of Credit - Fixed Rate
Rate: As Low As: 5.00%
APR: As Low As: 5.753%
Assumptions: The fixed interest rate will not increase while the plan is open. Closing costs range between $310.00 and $750.00. We charge an annual fee of $50, which is waived the first year. New home equity relationships of $10,000 or more only. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.
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.
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.
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.