With a home equity loan or home equity line of credit, your goals are within reach. A Private Banker can help you decide which option best suits your needs and then guide you through the closing process. Plus, qualifying Private Banking client may receive additional rate discounts.2
Unlock your low rate on a HELOC, and have the funds you need to re-invent your kitchen, pay for a wedding, cover the cost of tuition or more. Simply access cash as you need it, using checks or a Home Equity Access Card.4
Finance a specific need or consolidate debt with our Home Equity Loan. Get the funds you need for home improvements, a dream wedding or the baby's new room. You can borrow up to 89% of your home's value.
Unsure what’s right for you? Learn the differences between a HELOC, home loan, and a cash-out mortgage refinance.
Learn your possibilities — and how much a monthly payment may be.
These simple, free tips could make a big difference to your bottom line.
1 Credit products are offered by Old National Bank, Member FDIC and an Equal Housing Lender, and subject to normal credit approval. Property insurance is required for all loans secured by real estate. Rates are subject to change daily. Contact your Old National Private Banker or Residential Lender for current loan rates. Bank NMLS #459308.
2 Additional Private Elite Banking qualifications may apply, such as minimum net worth, household income and other personal or commercial financial qualifications. Other restrictions may apply. Contact an Old National Private Banker for details.
3 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 variable rate discount in effect for the first 6 billing cycles, based on a 1.50% discount resulting in an APR of 1.65% below the prime rate as published in the Wall Street Journal. After the introductory period expires, the variable rate for the account will be based on The Wall Street Journal prime rate (plus or minus a margin). During the repayment period the rate will be fixed based on the rate at the end of the draw period plus a margin which is currently 3.00%. ONB associates may select the associate discount or Private Banking discount, not both, in addition to the promotional discount. Maximum APR is 21%, minimum APR is 0.99%. The 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 of credit 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 extend or discontinue this offer at any time.
4 Equity Access Cards are not available to Kentucky residents.
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