Home Equity Lines of Credit (HELOC)

Leverage the equity you’ve earned on your Southeastern Massachusetts or Rhode Island home to make renovations or fund a well-earned vacation. With a variable-rate Home Equity Line of Credit from Bristol County Savings Bank, you can withdraw funds on an as-needed basis, acting as a financial safety net for unexpected expenses. Access up to 80% of the equity in your home and use the money for renovations or repairs, to pay off high-rate credit cards, or for some other worthwhile purpose. Make monthly payments only on the funds you use, and draw advances over 10 years (with 10 years to re-pay). Contact a Bristol County Savings Bank Loan Officer to learn more about our HELOC.

Special Home Equity Line of Credit

Take advantage of a discounted interest rate with our Special Home Equity Line of Credit. Contact a Bristol County Savings Bank Loan Officer to learn more.

Rates effective as of 08/16/2022

Monthly payment does not include an escrow payment for real estate taxes, homeowner's insurance, private mortgage insurance or flood insurance. Your actual payment may be greater.

*Special Home Equity Line of Credit Details: This product has a variable rate interest rate. The introductory rate of 4.50% APR is fixed for the initial 12 month period. After the initial 12 months, the interest rate will vary based on the domestic Prime Rate as published in the Wall Street Journal on the last day of the previous month.  As of August 16, 2022, the prime rate was 5.50%. After the first 12 months, the APR will adjust monthly to the prevailing Prime Rate at that time, but the rate will never be less than 3.00% APR and will never exceed an APR of 18.00%. 
 
Automatic payment withdrawal from a Bristol County Savings Bank personal checking account required to be eligible. Minimum draw of $10,000.00 at account opening.
 
Loans are subject to credit approval and restrictions may apply. Offer is available to all qualified applicants. This is not a commitment to lend. 
 
*APR = Annual Percentage rate.  All APR’s are based on $100,000. The interest rate and annual percentage rate (APR’s) shown above are subject to change without notice Consult your tax advisor about deductibility.  Adequate homeowner’s coverage is required. If an appraisal is required for your request the cost for the appraisal fee will vary depending on the state in which the property is located and other factors such as number of units (2-4 family owner occupied properties), geographical location, etc.



**Home Equity Line of Credit Details: This product has a variable rate interest rate and is based on the domestic Prime Rate as published in the Wall Street Journal on the last day in the Wall Street Journal on the last day of the previous month.  As of August 16, 2022, the prime rate was 5.50%.  The APR will adjust monthly to the prevailing Prime Rate at that time, but the rate will never be less than 3.00% APR and will never exceed an APR of 18.00%.
 
Subject to credit approval. Other terms and conditions may apply. Ask us for details.
 
*APR = Annual Percentage rate.  All APR’s are based on $100,000. The interest rate and annual percentage rate (APR’s) shown above are subject to change without notice. Consult your tax advisor about deductibility.  Adequate homeowner’s coverage is required. If an appraisal is required for your request, the cost for the appraisal fee will vary depending on the state in which the property is located and other factors such as number of units (2-4 family owner occupied properties), geographical location, etc.

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Contact our Consumer Loan Department to help you apply, learn more about rates or for any other personal lending needs. Contact Us.