Harris Bank

Harris Bank was founded in 1882 by Norman Wait Harris, after arriving in Chicago.  In 1960, Harris bank merged with Chicago National Bank.  Since that time, there have been a series of mergers and acquisitions that have brought Harris Bank to where it is today.   Now owned by the Canadian-based Bank of Montreal, Harris Bank continues its tradition of offering products and services that meet both the financial and personal needs of its customers.  Currently, the loan products listed below are only offered in Illinois, Indiana and Wisconsin. 

Consolidate your debt and lower your monthly payments now >>

For those consumers interested in consolidating—and eliminating—their high interest credit card balances and other debt, a lending product or program from Harris Bank may be for you.  Features and benefits of these lending options include:

Home Equity Line of Credit

• Rates as low as 7.25%;
• Borrow up to 85% of the equity in your home;
• No closing costs or application fees;
• The interest you pay may be tax-deductible;
• Line amounts as low as $5,001;
• 10 year repayment period;
• Convenient access by check, phone, online; or at any Harris Bank branch;
• 100% Loan-To-Value Home Equity Lines available.

Home Equity Loan
This loan is ideal if you know how much you need to borrow, and would prefer it in one lump sum.

• Borrow at a fixed low rate;
• Fixed monthly payments;
• Borrow up to 85% of your home’s equity, less outstanding mortgage balance;
• No closing costs or application fees;
• The interest you pay may be tax-deductible;
• Borrow as little as $5,000;
• Flexible terms up to 15 years;
• 100% Loan-To-Value Home Equity Loans available.

Consolidate your debt and lower your monthly payments now >>

Loan Rates
The rates below are based on the assumption that the loan to value ratio is 85%, and that the borrower has elected to have the monthly payment automatically withdrawn from his or her Harris Bank checking account.

• 7.24% Annual Percentage Rate (APR) on home equity loans of $25,000 - $99,999, with a loan-to-value ratio not exceeding 85% and a loan term of 10 years;
• Harris offers a 6.99% APR on home equity loans of $100,000 or more with a loan-to-value ratio not exceeding 85% and a loan term of 10 years.

Personal Lines of Credit

• No collateral required;
• Line amounts from $500 to $25,000;
• $25 annual fee applies;
• Interest rates as low as 14%;
• Draw against your line, simply by writing a check;
• Use the funds for a to consolidate your high-interest debt;
• No application fees;
• No monthly payments until you access your line;
• Reuse the funds you have paid on, up to your credit limit.

Consolidate your debt and lower your monthly payments now >>