Home Equity Line of Credit (HELOC) | People's United Bank

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

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

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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Your location is

Important Resources

Ways to apply

Fees and disclosures

Calculators

How large a line of credit can I obtain?

VIEW CALCULATOR

Should I consolidate my debts?

VIEW CALCULATOR

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Find a convenient local branch or ATM.

FIND BRANCH OR ATM

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Easy ways to get help or have questions answered.

CONTACT OPTIONS

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Customer Support

Help on everything related to your account.

Make better decisions about your finances.

© 2019 People's United Bank, N.A. | Member FDIC | Equal Housing Lender icon Equal Housing Lender