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With a fixed-rate for five years, budgeting home improvements is all kinds of easier.

Apply and lock in a 4.00% rate today!

Home Equity Loan

Rate as of Tuesday, March 20, 2018

$10,000.00 Minimum Loan Amount

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Loan Program APR Payments
5 Year 4.00% Calculate Payments

All interest rates and terms are subject to change without notice. Maximum loan is limited to 80% of appraised value less consideration of first mortgage. No closing costs means the borrower is not charged for any of the standard closing costs of the mortgage for loan amounts under $250,000. Property without a first mortgage is eligible, but attorney fees may be required at the expense of the borrower. The annual percentage rate with payment from an Ion Bank checking account is 4.00% fixed for five years on borrowed amounts of $10,000 (minimum loan amount). The annual percentage rate without payment from an Ion Bank checking account is 4.50% fixed for five years on borrowed amounts of $10,000 (minimum loan amount).

Example 1: A $25,000 fixed rate Home Equity Loan financed for 60 months at 4.00% APR (Annual Percentage Rate) with 59 monthly payments of $460.42 and a final payment of $460.59. Example 2: A $25,000 fixed rate Home Equity Loan financed for 60 months at 4.50% APR (Annual Percentage Rate) with 59 monthly payments of $466.08 and a final payment of $465.74. Payments do not include taxes and insurance which may result in the actual payment obligation being greater than the payment examples shown. Homeowner’s insurance will be required as well as flood insurance for applicable areas.  All loans are subject to credit approval. Approval restrictions may apply.