West Suburban Bank's Home Equity Installment Loans are provided for a variety of needs such as home improvements, child's education, medical expenses or debt consolidation. These loans are fixed-rate installment loans, like a car loan, secured by the equity in customers' homes. And unlike a line of credit where customers have payments of interest only and a balloon payment at the end, they can repay their loan in regular monthly payments, over the period they choose. Rates are available on the banks website. All loans are subject to credit approval and property insurance is required. A $300 early termination fee will apply if the loan is closed within the first three years.