Home Equity Loans and Lines of Credit
At Citizens Bank, we can help you access the equity in your home to finance those major life expenses. We offer fixed–rate Home Equity Loans for homeowners who want to borrow a specific amount with fixed monthly payments. You can borrow as little as $10,000 and choose from a variety of rates and terms that fit your budget. Our convenient Choose-Your-PaymentSM Home Equity Loan offers you the ability to choose loan payments that fit your life.
Because the Home Equity Loan is secured by the equity in your home, the rate is lower than on most other loans, and the interest you pay may be tax-deductible. Your interest rate is fixed for the life of the loan.
Compare Home Equity Lines of Credit and Loans
Like a Home Equity Loan, a Home Equity Line of Credit (HELOC) lets your home work for you. A Citizens Bank Home Equity Line of Credit is flexible enough to be used for whatever you need, whenever you want, simply by writing a check. It's a great way to pay for major purchases, educational expenses, home improvements, or to consolidate your debt. The Home Equity Line of Credit offers flexible repayment terms and a set period of time during which you can borrow against your line.
Just like a Home Equity Loan, your HELOC is secured by your home’s equity. Also, you’ll enjoy a lower rate and any interest you pay could be be tax-deductible.
Compare Home Equity Lines of Credit and Loans
Enjoy exclusive benefits when you borrow from Citizens Bank. Your loan balances help qualify you for all the advantages of Citizens Circle Gold Banking with no monthly maintenance fee.
- 0.25% discount on Home Equity Lines and Loans with Automatic Debit.
- Your home equity mortgage could automatically qualify you for our Circle Gold Checking with Interest™ - and all the benefits of Circle Gold Banking - with no monthly maintenance fee.
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