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With a home equity loan or home equity line of credit (HELOC), your goals are within reach. Get funds to pay for a variety of expenses. We can help you decide which option best meets your needs.

Our Home Equity Calculators | What Type of Loan is Right for You? | Details on Our HELOCs | Have a Banker Contact Me

Our Current HELOC Offer

Home Equity Calculators: Get Your Questions Answered*

*Calculations are for estimated analysis only. Results are not indicative of any actual loan terms or payment amounts. Please contact Banker for current rates and to get your free personalized rate quote.

Talk to Us About Using Your Home's Equity

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The Benefits of Using Your Home Equity

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  • Make home improvements
  • Consolidate debt
  • Fund you children’s education
  • Pay for a wedding or other major event
  • Cover emergency expenses

Meet with Us

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Get the funds you need, with the ability to borrow up to 89% of your home's value. With this option you get:

  • One large sum available now
  • A competitive fixed-interest rate
  • A set monthly payment from the start

Begin an Application

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Get the flexibility to draw the funds you need, when you need them.

  • Lines of credit from $10,000 to $1,000,000
  • Access cash by money transfer, check, or debit card2
  • Interest-only payments during the draw period

More HELOC Details

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  • Line amounts from $10,000 to $1,000,000
  • 10-year draw period, 20-year repayment period
  • Intro rate discount for the first 12 months
  • Interest-only payments during draw period, with variable rate based on Wall Street Journal prime rate plus or minus a margin
  • No additional review or application during transition from draw to repayment period
  • Draw methods include transfers, checks, debit card2

More About Borrowing

  • A family building a new home


    Unsure what’s right for you? Learn the differences between a HELOC, home loan, and a cash-out mortgage refinance.

  • A mom playing with her two kids.


    By finding an interest rate lower than you are currently paying on your outstanding debt, you may save money. Learn how!

  • A young mother plays with her children in a renovated family room financed by a home improvement loan


    A personal loan for home improvement can give you fast cash with minimal application fees and no collateral. Is it the right choice for you?

All loans are subject to credit review and approval. Property insurance required for all loans secured by real estate. Rates are subject to change daily. Contact your Old National Banker or Residential Lender for current loan rates. NMLS #459308.

1 Rates, terms and conditions effective 2/02/2023 for applications received through 4/30/2023. Subject to credit approval. Property insurance required. Property insurance required for all loans secured by real estate. Rates are subject to change daily. Contact your Old National Banker or Residential Lender for current loan rates. NMLS #459308.  Other restrictions may apply, see bank for details. The line of credit has a draw period of 10 years, after which you will no longer have access to borrow funds and will be required to repay the borrowed balance within a 20-year term. During the draw period there is an introductory discounted variable rate in effect for the first 12 billing cycles, based on a 2.50% discount resulting in an APR of 2.76% below prime rate as published in the Wall Street Journal. Thereafter, the variable rate will be based on The Wall Street Journal prime rate (plus or minus a margin) which is currently 7.49%. During the repayment period the rate will be fixed based on the rate at the end of the draw period plus a margin currently 3.00%. APR examples provided above are based on highest credit tier, a credit line amount of $100,000 with an LTV of 80% or less and includes a .25% rate reduction at origination for automatic payments from an ONB checking account. ONB associates may select the associate discount or Private Banking discount, not both, in addition to the promo rate. Maximum APR is 21%, minimum APR is 0.99%. Initial $50 annual fee is waived. During the draw period the minimum monthly payment will be equal to the interest that accrued on the outstanding balance during the preceding billing cycle or $50, whichever is greater. During the repayment period the minimum monthly payment will be based on the balance at the end of the draw period amortized over 20 years or $50, whichever is greater. If you close or refinance your line within 3 years, a Reimbursement fee will be assessed for the lesser of $300 or the amount paid to third parties to recover the closing costs paid on your behalf plus, in MN, the Mortgage Registry Tax (MRT) or Deed Stamp Tax paid on your behalf where applicable. Old National reserves the right to discontinue this offer at any time. Equity Access Cards are not available to Kentucky residents. Member FDIC.

2 Equity Access Cards are not available to Kentucky residents.