Whether you're financing a new land purchase, refinancing a current mortgage or land contract, or making farm improvements, Farm Credit Illinois provides you with rate and term options customized for your unique requirements.

Terms & Rate Options

  • The majority of our farm real estate loans are fully amortized for 20 years, which means lower, more manageable payments.
  • Shorter terms — as low as five years — also are available.
  • Choose from annual, semi-annual, or monthly payment schedules.
  • Our standard loans have no balloon payments so you won't be forced to renew or refinance at a later date when rates could be higher.
  • And with no pre-payment penalty, you can pay ahead or pay off your loan any time.
  • Select an interest rate option that best meets your needs.


  • Fixed Rate Loans

    • Provides maximum rate stability
    • Lock in your rate for 10, 15, or 20 years
  • Adjustable Rate Loans

    • Allows you to lock in rates for one, two, three, five, seven, 10 or 15 years
    • Provides you added flexibility to take advantage of changing market conditions
  • Variable Rate

    • The most market-sensitive rate because it can change monthly
    • Historically, our variable rate has provided the most interest savings over the life of a loan
  • Multi-Rate

    • Provides maximum interest rate protection
    • Allows you to place part of your loan on a longer-term fixed or adjustable rate and part on a shorter-term adjustable or variable rate
    • Regardless of the direction interest rates move, you are protected
  • Other Information

    Rate Conversions

    • Conversion options allow you to change from one interest rate to another
    • Available on most loans
    • Provides you flexibility to take advantage of market trends
    • Some conversion options are available during specific periods and may carry a fee, but still are generally less costly than refinancing.

    Funds Held Account

    • Maximize your return on cash by using your farm real estate loan's unique Funds Held account feature
    • Advance payments on your farm real estate loan can be placed in your personal Funds Held account to earn interest until they are automatically applied to your next loan payment.
    • This can effectively reduce your cost of borrowing

    Electronic Account Access & Transactions

    • With myFCI - online banking, you can check on balances, interest and other account information
    • Transfer funds to and from your FCI account, 24 hours a day, seven days a week
    • Access your account whenever and wherever it is most convenient for you in a secure, protected electronic environment

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