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Home Equity Line of Credit Rates

Home Equity Line of Credit

Line Amount
Max Line: None
Maximum Loan to Value
Lifetime Index = Prime Rate
Margin
Contract APR
(Lifetime Index + Margin)
Line Amount $5,000 - $24,999
Maximum Loan to Value80%
Lifetime Index = Prime RatePrime Rate =[current prime rate]
Margin 2.00%
7.50%
Line Amount $25,000 - $49,999
Maximum Loan to Value80%
Lifetime Index = Prime RatePrime Rate =[current prime rate]
Margin 1.45%
6.95%
Line Amount $50,000 - $99,999
Maximum Loan to Value80%
Lifetime Index = Prime RatePrime Rate =[current prime rate]
Margin 1.00%
6.50%
Line Amount $100,000 or More
Maximum Loan to Value80%
Lifetime Index = Prime RatePrime Rate =[current prime rate]
Margin 0.25%
5.75%

Home Equity Line of Credit

Line Amount
Max Line: $250,000
Maximum Loan to Value
Lifetime Index = Prime Rate
Margin
Contract APR
(Lifetime Index + Margin)
Line Amount $5,000 - $24,999
Maximum Loan to Value90%
Lifetime Index = Prime RatePrime Rate =[current prime rate]
Margin 2.50%
8.00%
Line Amount $25,000 - $49,999
Maximum Loan to Value90%
Lifetime Index = Prime RatePrime Rate =[current prime rate]
Margin 1.95%
7.45%
Line Amount $50,000 - $99,999
Maximum Loan to Value90%
Lifetime Index = Prime RatePrime Rate =[current prime rate]
Margin 1.50%
7.00%
Line Amount $100,000 or More
Maximum Loan to Value90%
Lifetime Index = Prime RatePrime Rate =[current prime rate]
Margin 0.75%
6.25%

Rates accurate as of

APR = Annual Percentage Rate. This rate will never exceed 15.90%. Rates are available to new accounts only and cannot be used to refinance existing ESL equity debt. Rates are subject to approval. ESL waives the closing costs for a home equity line of credit. However, if you close your account within the first 36 months of your account open date, you must reimburse us for the actual costs and fees paid in connection with the opening of your account. Minimum line amount is $5,000.