Home Equity Line of Credit

Our Best HELOC Offer - No Payments and No Interest*

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Let's Get Started

0.00% APR Intro rate. No interest and no payments for 3 months* 4.50% APR variable rate thereafter* See disclaimer

That dream that’s gone unfulfilled. That renovation or addition you’ve been waiting to do. That debt you want to consolidate. With a remarkable home equity loan offer, there’s never been a better time for your story to move forward. 


Get started with two easy steps! 

1. Fill out our quick form or call us at 833-233-3510.

2. A Monroe Bank & Trust Loan Expert will be contact with you to let you know if you qualify. 

*Promotional offer available on loan applications taken from 3/1/18 - 6/30/18. The introductory Annual Percentage Rate (APR) is 0.00% for the first 3 months. Your variable rate after the introductory period will depend on your credit qualifications and loan-to-value ratio at time of application. The rate after the introductory period is based on the prime rate published in the Wall Street Journal  and will range from a variable APR of Prime + 0.00% (which as of 2/18/18 is 4.50% APR) to Prime + 1.00% (which as of 2/18/18 is 5.50% APR). In any event, your APR will never exceed 25.00% per annum. HELOC’s have a 10-year advance period followed by a 20-year repayment period. During the advance period, no payment is required during the first 3 months; thereafter,  you will be required to make monthly payments of accrued interest for the next  117 months. Payments will increase if rates increase. Your minimum payment during the Advance Period will not decrease the principal balance on your account. At the end of the advance period, your required monthly payments will increase, because you will be paying both principal plus interest. The principal portion of your monthly payment during the repayment period will be 1/240th of the principal balance remaining at the end of the advance period. Minimum credit limit is $5,000.00. No appraisal fee or title insurance required on loans of $100,000.00 or less. Property and flood Insurance (if applicable) is required. The 0.00% APR introductory rate offer applies to new Home Equity Line of Credit (HELOC) accounts and may not apply to existing HELOC accounts or refinancing of existing HELOC or Home Equity accounts. Published rates assume a pre-authorized transfer from a Monroe Bank & Trust deposit account. Add .25% to stated rates when a pre-authorized plan is not established. Discounts do not apply during the promotional period. All loans are subject to credit approval.

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