What can your home's equity help you do?
Take advantage of our 2.99% APR* Home Equity Line of Credit! Use a HELOC to pay for repairs, consolidate bills, travel, school expenses, and more.
- Low variable rate
- No application, appraisal, or annual fees**
- No closing costs
- Interest may be tax deductible†
- No pre-payment penalties
*APR=Annual Percentage Rate. 2.99% APR introductory rate is available through 12/31/2019. After the introductory period, rate will adjust on 1/1/2020 to the variable rate under the terms of your loan agreement. New loans must fund by 6/30/2019.
An existing Home Equity Line of Credit (“HELOC”) may be eligible for the promotional rate of 2.99% APR on new advances only. Member must be in good standing and not receiving any other promotional discount rate. Other restrictions may apply. If eligible, any draws or advances taken from April 8, 2019 until June 30, 2019 (“Discounted Rate Period”), shall be charged a discounted daily periodic rate and annual percentage rate. The Daily Periodic Rate and Annual Percentage Rate, calculated pursuant to the terms of your Loan Agreement shall be discounted by .007562% and 2.760%, respectively if eligible for this promotion. This discount shall remain in effect until the end of the Promotional Period through December 31, 2019. Commencing on January 1, 2020, any remaining Discounted Rate Period balances will be charged the interest rate as per the original Loan Agreement.
Payments made during the Promotional Period, shall be applied equally to repay any of the balances and advances taken during the Discounted Rate Period, then to any advances taken prior to the Discounted Rate Period or thereafter.
**A lien will be required on the subject property. All loan programs are subject to approval. Additional restrictions apply to all programs. This offer is only available on PLCU home equity lines of credit that are owner-occupied single family residences or owner-occupied townhomes located in California. Investment properties are not included in this promotion. All interest rates are subject to change. Must meet membership eligibility and lending criteria. Real estate loans are available only to PLCU members. A homeowner’s insurance policy with PLCU as loss payee and maximum $1,000 deductible is required at the borrower's expense.
†Consult your tax advisor for details.