Home Equity Line of Credit (HELOC)

A HELOC is a line of credit secured by your home that gives you a revolving credit line for things like debt consolidation, renovations or education.
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Let your home work for you with a Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is secured by your home and gives you a revolving credit line with interest only payments for the first 9.5 years.

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Cash when
you need it

Flexibility of available cash at a low interest rate whenever needed.

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Easy access
to your funds

Access cash by writing a check or transferring funds into your checking account.

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No up-front costs

No application fee, no origination fee and no closing costs.


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Flexible payment choices

Option to pay interest only during the 9.5 year withdrawal period.

How will you use
your home's equity?

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Renovations

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Consolidate debit

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Education

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Travel

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Lock in your
rate with SelectLock®

Lock up to three portions of your credit line balance at a fixed rate with SelectLock®. Make fixed principal plus interest payments on those portions while maintaining a variable rate with interest-only payments on the remaining balance.

Current Home Equity Line of Credit rates
as of Date

Customers receive a .25% rate discount by making automatic payments from a People’s United Bank checking account. Rates shown below reflect this discount.

Line Amount
APR
Index & Margin
(Prime plus or minus)
Monthly Payment
(Interest only for the first 9.5 years)
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Home_Equity_Line_of_Credit_TIER1_APR
Home_Equity_Line_of_Credit_TIER1_INDEX_MARGIN
Home_Equity_Line_of_Credit_TIER1_MONTHLY_PAYMENT
Home_Equity_Line_of_Credit_TIER2_LINE_AMOUNT
Home_Equity_Line_of_Credit_TIER2_APR
Home_Equity_Line_of_Credit_TIER2_INDEX_MARGIN
Home_Equity_Line_of_Credit_TIER2_MONTHLY_PAYMENT

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