Park National Bank

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Home Equity Line of Credit

Apply now for a Hassle-Free Home Equity Line of Credit!

  • NO application fee
  • NO appraisal fee
  • NO closing costs
  • NO annual fee

Plus, Get INSTANT ACCESS and 35,000 BankRewards® bonus points with the new Home Equity Card!

* Annual Percentage Rate (APR) is based on the Prime Rate published in The Wall Street Journal. We will use the most recent index value available as of the 20th of the month for any APR adjustment. For lines of credit with a maximum combined loan to value of 80% or less, the rate will be Prime minus .75%. For lines of credit with a maximum combined loan to value of 80.01% to 89.9%, the rate will be prime minus .50%. As of 2/20/2008, the Prime Rate is 6.00% and the following rates would apply: 5.25% APR for credit lines 80% or less maximum combined loan to value and 5.50% APR for credit lines 80.01% to 89.9% maximum combined loan to value. The maximum APR is 18%. The minimum line amount is $5,001, and a minimum draw of $10,000 is required within 90 days of establishing the account to collect BankRewards bonus points. There is no annual fee. An early termination charge of $495 is assessed if paid off and closed within 24 months of loan date. Subject to credit approval and property valuation. Program terms and conditions are subject to change any time without notice. Property insurance is required and flood insurance may be required. The APR applies to owner occupied 1-4 family residential or condominium properties. Offer is for new Home Equity Line of Credit customers of Park National Bank.