Home Equity Line of Credit (HELOC) with Flexible Borrowing

Happy couple applying for a Home Equity Line-of-Credit from KEMBA

Create a personal safety net today

Use the equity in your Central Ohio home for immediate access to cash, whenever you need it.

The biggest benefit of a home equity line-of-credit loan? Flexibility, and more! In this time of financial instability, it’s a great tool to secure, whether for a big purchase, a fun project, or in case you fall on hard times. Give yourself peace of mind.
  • 1.99% APR introductory rate for 6 months, followed by HELOC loan interest rates as low as 6.25% APR for the remainder of the term
  • How does a HELOC work? Borrow against the equity in your home up to 95% loan-to-value, determined by your home’s current market value
  • No annual fees
  • Minimum loan amount $5,000
  • A good source of funds for home improvements, major purchases, medical bills, to maintain everyday expenses, a personal safety net, college tuition, and more
  • Can be used to consolidate higher interest loans and credit card balances to one easy to manage, low-rate loan, or to refinance your current, high-rate home equity loan from another lender
  • Apply once, and draw additional funds as needed through the life of the loan
  • Fast and easy access to your available credit with Digital Banking
  • Borrow from the line-of-credit for 10 years, followed by a 10-year re-payment period
  • Pay only on the amount borrowed during the draw period 


 
 

Calculate Your Home Equity Line-of-Credit 

The original or expected total dollar amount for this loan.

Loan Amount:

$250
$25k
$500k
$2M
The interest rate on this product.

Interest Rate:

5%
3%
5.5%
8.5%
A percentage or dollar amount of the total cost paid at the outset.

Down Payment:

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0.00
0%
25%
50%
75%
100%
The expected amount of time.

Term:

6 Years
10y
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30y

$--.--

Estimated Monthly Payment




big purchases

Home Equity Loans

Receive all your money upfront, use it as you see fit, and pay it back over a period of years with predictable fixed monthly payments.

HELOC vs Home Equity Loan

Home Equity Loans vs. HELOCs

Using the equity in your home has never been easier and with rising home prices, you may have more equity than you think. When it comes to accessing equity, you have options. The two most popular options are the home equity loan and home equity line-of- credit (HELOC).
 













Home Equity Line-of-Credit Application

Speak with a Home Equity expert



At KEMBA Financial Credit Union, we provide trusted personal banking services in Central Ohio, as well as a full suite of personal banking products and services tailored to meet the financial needs of individuals and families. Our offerings include: low-rate credit cards with rewards, competitive-rate mortgages, home equity loans and refinancing options, low-interest auto loans in Central Ohio, personal and student loans, and financial wellness blogs and counseling services.

Discover why more Central Ohioans are searching for "best credit union near me" and choosing KEMBA.

To learn more, call us today at 614.235.2395, option 4, or visit one of our local branches in Pickerington, Gahanna, Bellefontaine, Clintonville, Grove City, Hamilton Quarter, Hilliard, Lewis Center, Powell, Reynoldsburg, Westerville or Whitehall. Our dedicated associates will help you navigate your individual financial situation and help you discover why KEMBA is a better way to bank.

Disclosures
APR = Annual Percentage Rate. Home Equity Lines-of-Credit (HELOCs) are variable rate products. Introductory rate of 1.99% APR for first 180 days. At the end of 180 days, the rate can change quarterly based on the most recent Prime Rate published in the Wall Street Journal on the 20th day of the calendar month before the date of any APR adjustment. Current rates range from 6.25% to 11.24% APR (Prime + Margin -0.50 to 5.49). KEMBA Advantage rate as low as 6.25% APR and everyday rate as low as 6.75% APR with a loan amount greater than $35,000, 80% LTV and credit score of 725 or higher. Rates accurate as of February 1, 2026 and are subject to change. Maximum APR is 18.00% and will never fall below 3.25%. Draw period of 10 years with a 10-year payback period thereafter. Minimum monthly payment during draw period is 1% of the balance or $100, whichever is greater. Making only the minimum monthly payment during the draw period may cause your payments during the payback period to be higher. Minimum monthly payments after the draw period may exceed 1% of the balance and are calculated based on the outstanding principal balance plus interest. $250 reimbursement fee applies if HELOC is canceled within the first 36 months. Up to 95% current loan-to-value with home value of $100,000 or greater. Interest on the portion of credit that exceeds fair market value may not be tax deductible. Consult a tax advisor regarding interest being tax deductible. Property insurance required. Loans subject to approval. Individual APR may vary based on your creditworthiness and participation in the KEMBA Advantage Program. Existing KEMBA loans are not eligible for this offer. Additional terms and conditions may apply. Visit kemba.org for Advantage qualifications. Offer ends July 31, 2026. 
 
Calculator is provided for educational purposes only.
 
*Important information about your loan application:
A KEMBA membership is required before you can receive a loan. While you can complete and submit the online loan application prior to membership, we require that you join the Credit Union before your loan is funded. Find out if you’re eligible for membership.

Online loan applicants must be at least 18 years old and U.S. Citizens. When you submit an online loan application you are authorizing KEMBA Financial Credit Union to obtain your consumer credit reports from national credit reporting agencies, and contact you via telephone, email, or mail in regards to your application. It is also important to note that information obtained by KEMBA from your loan application may be kept and maintained by the Credit Union for an indefinite period of time, and may be shared with business affiliates of the Credit Union for any lawful purpose. KEMBA is an equal opportunity lender.
 
USA PATRIOT Act
Customer Identification Program Notification: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
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