First Merchants Bank Offers Some of the Best HELOC Rates!
Are you looking for a Home Equity Line of Credit (HELOC) that’s affordable, accessible, and has one of the best home equity interest rates you’ll find? Apply for a First Merchants HELOC and cover those repairs, your next vacation, or that bathroom remodel you’ve always wanted. See how our special home equity line of credit rates can help you prosper.
6.80% APR*
PROMOTIONAL
9-MONTH RATE
Offer effective April 1, 2024 through June 30, 2024. This promotional rate will revert to the Prime Lending rate after 9 Months.
8.50% APR*
PRIME LENDING
RATE AS OF 4/1/2024
Apply for a HELOC Online
Complete your application in just a few minutes. Click submit, then you will receive a confirmation email. An attentive digital banker will be in contact with you within 1 business day
Is a HELOC right for you?
Want to ask questions or discuss your options? Our welcoming and attentive bankers are here for you.
* APR (Annual Percentage Rate) is fixed for 9 months then the rate will reprice to standard Home Equity Line of Credit (HELOC) rates that are variable and subject to change based on published fluctuations in the Wall Street Journal Prime Rate. Current PRIME Rate As of April 1, 2024 is 8.50%. Maximum Annual Percentage Rate (APR) is 25%. To receive this offer, loan to value must be 89.99% or less with a credit score of 700 and above. Property insurance is required. Owner occupied properties only. Offer valid on applications received April 1 through June 30, 2024. Annual fee of $75 is waived the first year. Normal credit underwriting standards apply. Offer subject to change or cancellation without notice. Refinance of existing First Merchants Bank HELOC requires minimum increase of credit line by $20,000 and existing First Merchants Bank HELOC cannot have a current note date of 2023. NOTE: Offer credit score and requirements are based on standard First Merchants pricing tiers for consumer lending.
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