Home Equity Line-of-Credit (HELOC) with Flexible Borrowing

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Create a personal safety net today

Open a new Variable Rate HELOC loan and get an intro APR of 1.99% for 3 months!

Bring your biggest dreams within reach.

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

Remodel your Central Ohio home. Manage everyday expenses. Consolidate Debt. Pay for college. Plan a dream wedding. Whether you’re making a big purchase or bringing a new chapter of life to reality, KEMBA Financial Credit Union’s Home Equity loan options offer low rates, expert support, and the flexibility to achieve what matters most.
  • Competitive Home Equity Line-of-Credit (HELOC) loan interest rates
  • Fixed* or variable-rate options available**
  • How does a HELOC work? Borrow against the equity in your home up to 95% loan-to-value
  • Apply once and draw only on the amount you need at a moment in time
  • Line-of-credit amount customized based on your needs and available home equity, $5000 minimum
  • Only pay interest on the amount borrowed during the draw period 
  • No annual fees
  • Use HELOC loan for almost any purpose. 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
  • Fast and easy access to your available credit with Digital Banking
  • Easy online HELOC application


 
 

Calculate Your Estimated Monthly Payment

The original or expected total dollar amount for this loan.

Loan Amount:

$250
$5k
$125k
$250k
The interest rate on this product.

Interest Rate:

5%
1%
5.5%
13.24%
The expected amount of time.

Repayment Period:

6 Years
0y
5y
10y

$--.--

Estimated Monthly Draw Period Payment

$--.--

Estimated Monthly Repayment Period Payment

How does a HELOC payment structure work?

During the draw period, which usually lasts five to ten years, you can borrow money as needed and make monthly payments on only the amount you use. Required Monthly Draw Period Payments will be a minimum payment equal to 1% of the loan amount or $100, whichever is greater. After the draw period ends, the line-of-credit closes, the Repayment Period begins, and you have up to 10 years to repay the remaining loan balance. Monthly payments will be amortized over the remaining term and subject to the interest rate in effect.

Calculator is provided for educational purposes only.



Variable Rate HELOC

Choose a Variable Rate

Potentially lower initial payments compared to fixed‑rate options.
  • Take advantage of a 10-year draw period to borrow as needed
  • Interest rates may increase or decrease over time
  • Monthly payments can change as rates fluctuate
  • May be beneficial if you plan to pay your balance quickly
Fixed-Rate HELOC

Choose a Fixed Rate

This option provides predictability. 
  • Enjoy a 5-year draw period to borrow as needed
  • Payments remain stable for the entire timeframe of your loan
  • Fluctuating market rates won’t affect your payment amount
  • Know what to expect when planning your monthly budget












Learn More About Home Equity Lines-of-Credit

To learn more about Mortgages or Home Equity Lines-of-Credit, please complete the fields below and a KEMBA Member Service representative will be in touch to help you get started.

 

Home Equity Line-of-Credit Application

Speak with a Home Equity expert



At KEMBA Financial Credit Union, we offer personal banking solutions for Central Ohio residents, as well as a full suite of personal banking products and services with low fees, competitive rates on credit cards, home mortgages and home equity loans, auto loans, personal and student loans, and financial wellness and counseling services.

To learn more, call us at 614.235.2395, option 4, or visit one of our local branches in Pickerington, Gahanna, Bellefontaine, Clintonville, Grove City, 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. Fixed-Rate Home Equity Lines-of-Credit (HELOCs) are fixed rate products for the life of a loan. Minimum monthly payment is 1% of the balance or $100, whichever is greater. $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. Consult a tax advisor regarding interest being tax deductible. Loans subject to approval. For loans above an 80% LTV, the loan includes Lender Paid Private Mortgage Insurance (LPMI). This may result in a higher interest rate and may not be cancelled during the life of the loan. LPMI may be tax deductible for federal income taxes. For more information, please contact us. Individual APR may vary based on your creditworthiness and participation in the KEMBA Advantage Program. Offer eligibility based on date of application. Existing KEMBA loans are not eligible for this offer. Additional terms and conditions may apply. Click here for Advantage qualifications. 
 
**Variable Rate Home Equity Lines-of-Credit (HELOCs): Introductory rate of 1.99% APR for first 90 days. At the end of 90 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 6.50% to 12.24% APR (Prime + Margin -0.50 to 5.49). KEMBA Advantage rate as low as 6.50% APR and everyday rate as low as 7.00% APR with a loan amount greater than $35,000, 80% LTV and credit score of 725 or higher. Rates accurate as of August 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 December 31, 2026. 
 
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.
 
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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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