SPRING into some new projects with a HOME EQUITY LOAN!
Ready to get started? Fill out the HELOC application form below
Are you ready to put yourself in a position to write your own loans? Come into a Paducah or Louisville, Kentucky branch
today to apply for a Home Equity Line of Credit. Once you're approved, you can access money any hour of the day or night using special checks or online
- 0.99% Introductory Interest Rate*
- No closing costs for 6 months*
Call, email or schedule an appointment with one of our lenders
for any questions.
*ALL LOANS ARE SUBJECT TO CREDIT REVIEW AND APPROVAL.
Home Equity Line of Credit: 0.99% Introductory Annual Percentage Rate (APR) is available on Home Equity Lines of Credit for first or second liens on your primary or secondary residence with an 80% loan-to-value (LTV) or less. The Introductory Interest Rate will be fixed at 0.99% during the first 6-month Introductory Period. An Introductory Rate of 2.99% will apply for an LTV above 80%. After the 6-month Introductory Period, the APR is variable and is based on the Prime Rate as published in the Wall Street Journal Money Rates table (the index) plus a margin. As of February 24, 2022, the variable rate for the Home Equity Line of Credit ranged from 3.25% APR to 7.25% APR. Rates may vary due to a change in the Prime Rate, an LTV above 60% and/or a credit score of less than 740. A Paducah Bank personal checking account is required to receive the lowest rate, but is not required for loan approval. The rate will never exceed 21% APR, or applicable state law, or fall below 3.25% APR. Loans are subject to credit approval and other program guidelines. The minimum allowable line amount is $10,000 and the maximum allowable line amount is $250,000. An early closure fee of 2% of the credit limit, up to $500 will apply if the line is paid off and closed within the first 3 years. Property insurance, including flood insurance if applicable, is required. Other restrictions may apply. Customers pay no closing costs. An annual fee of $50 will be added to the line balance at each anniversary. The required monthly payment will be equal to the accrued interest in each month.