You want a home equity line of credit for its flexibility, but you're worried about rising interest rates. Well, our Capped Rate Home Equity Line of Credit lets you borrow what you need at an attractive variable rate as low as Prime +2.25%, while giving you the peace of mind of knowing that the rate won't exceed 9.25% at any time during the draw period. So borrow what you need and relax. We've got you covered.
To see if the Capped Rate Home Equity Line is right for you, check out the comparison below. The Capped Rate Home Equity Line of Credit is available exclusively at your nearest branch or by phone. To apply or learn more, call 1-888-567-1510 or locate your local branch. Our helpful bankers are available to explain the Citizens Bank Capped Rate Home Equity Line in more detail.
Comparison for $50,000 loan:
Home Equity Line
|Prime + 2.25%
||Security of knowing rate will never exceed 9.25%
|Home Equity Line of Credit
||Standard Home Equity Line of Credit
Line APRs reflect Circle Gold Checking account discount.
1 APR will be capped at this rate for the life of the 7-year draw period. The Capped Rate Home Equity Line of Credit rate assumes a minimum $10,000 draw at closing and having or opening a Circle Gold Checking account with automatic deductions of your Capped Rate Home Equity Line of Credit monthly payment. Interest-only payment is available only during the first 7 years. Minimum line size: $10,000.
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