Rates & Calculator
Simple, Transparent Rates
No hidden fees, no surprises. You always know exactly what your loan will cost.
2.4% per 30 Days
Simple interest, no compounding
$150 Setup Fee
One-time fee, first loan only
Flexible Terms
Pay when your deal closes
No Prepayment Penalty
Pay early and save on interest
Calculate Your Loan
Estimate your costs based on amount and timeline
Loan Calculator
This calculator is for illustration purposes only. It will help determine the potential cost of your loan.
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Loan Summary
Principal AmountThe full advance amount you receive upfront to cover expenses while waiting for your deal to close.$20,000
Months Until RepaymentThe number of months interest will accrue before you repay at closing.5
Total InterestThe total interest accumulated over the entire period. This is the cost of borrowing.$2,400
Setup Fee(First loan only)A one-time $150 fee charged only on your first loan. This fee does not compound or accrue interest.$150
Total RepaymentThe full amount you'll repay when your deal closes: your original advance plus all accrued interest and fees.$22,550
No required monthly payments. Interest accrues until your deal closes. Repay early at any time with no penalty.
Rate Details
- $150 Setup Fee on first loan only
- 2.4% on outstanding principal balance every 30 days (no compounding). Partial months are charged at a per diem rate.
Oak Brook Bancorp understands that every borrower has a unique situation. That is why we offer borrowing options to fit your needs.
- Option 1: Take the approved amount all at once.
- Option 2: Take a monthly draw from the approved amount.
- Option 3: Take as needed.
- Option 4: Design your own plan.
This calculator is for informational purposes only and does not represent loan approval or a commitment to lend.