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 | Watch Video on HELOCs | Have a Banker Contact Me
INTRODUCTORY VARIABLE RATE DISCOUNT OF 1.50%
During the draw period there is an introductory discounted variable rate in effect for the first 6 billing cycles based on a 1.50% rate discount.
For the first 6 months, variable APR during the draw period may be as low as 5.85%.1
After the introductory period ends, variable APR during the draw period may be as low as 7.35% APR.1
Ready to get started? Use our new online application. Or you can:
FAST. SIMPLE. SECURE.
0.25% APR RATE REDUCTION AVAILABLE
This optional reduction is available at origination for enrolling in automatic loan payments drawn from an Old National Bank checking account.
START IN 3 EASY STEPS!
Get the funds you need, with the ability to borrow up to 89% of your home's value. With this option you get:
Curious to explore this option? Make an appointment or stop in a nearby banking center.
Get the flexibility to draw the funds you need, when you need them.
More About Borrowing
Unsure what’s right for you? Learn the differences between a HELOC, home loan, and a cash-out mortgage refinance.
By finding an interest rate lower than you are currently paying on your outstanding debt, you may save money. Learn how!
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 11/8/2024 for applications received through 2/28/2025. Subject to credit approval. Property insurance is 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 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) which is currently 7.35%. 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%. APR examples provided above are based on the highest credit tier with an LTV of 60% or less and includes an optional 0.25% rate reduction available at origination for enrolling in automatic loan payments drawn from an ONB checking account. 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. Equity Access Cards are not available to Kentucky residents.
2 Equity Access Cards are not available to Kentucky residents.
This is a link to a third-party site. Note that the third party's privacy policy and security practices may differ from the standards of Old National Bank. Complete details regarding third-party links are available in our Terms of Use.
Residents of California have certain rights regarding the sale of personal information to third parties. Old National Bank, our affiliates, and service providers use information collected through cookies or in forms to improve the experience on our site and pages, to analyze how our site is used, and to present personalized advertising.
At any point, you can opt-out of the sale of your personal information by selecting Do Not Sell My Personal Information.
You can find more information and how to manage your privacy choices by reviewing our California Consumer Privacy Disclosures located on our Privacy information page by following the link on the bottom of any page.
