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Bankoh Home EquityLine
first 24 months1
first 36 months1
first 48 months1
†With automatic payments from your Bank of Hawaii personal checking account2
Without automatic payments, the APR will be 2.45%, 3.25% or 3.75% for the first 24, 36 or 48 months, respectively.
Current Fully Indexed Variable APR
Without the introductory APR the current fully indexed variable APR as of 10/02/2019
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Added Buying Power
3.50% APR 15-Year fixed rate loan option3
Lock in all or a portion of your line at a fixed rate by selecting a Fixed Rate Loan Option.
Enjoy these great benefits with a Bankoh Home EquityLine
Convenient access to funds
Borrow only what you need, when you need it using e-Bankoh Online or Mobile Banking, Bankoh by Phone or a Bankoh Home EquityLine check.
Easy to manage repayment
Enjoy low monthly payments during the 10-year draw period. Then you'll have 20 years to fully repay the balance, or pay off sooner if you choose.
What will you use your home equity for?
Take advantage of the lower interest rate that a home equity line offers over conventional loans and credit cards. Consolidate your debt and make just one monthly payment.
You could save money since the interest you pay may be tax deductible (please consult a tax advisor).
Easily manage your home renovation expenses by borrowing only what you need at the time you need it.
Make Your Dreams a Reality
A home equity line can provide immediate cash for the expected—like a dream kitchen—or the unexpected.
Help Pay For Education
With lower interest rates than most credit cards, a home equity line can make large tuition payments more manageable.
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Footnotes and Disclosures
1 The Bankoh Home EquityLine introductory Annual Percentage Rate ("APR") will be effective for the first 24, 36 or 48 months from the date your new Bankoh Home EquityLine account is opened (the "Introductory Period"). Offer is valid for qualifying applications received 10/9/2019 - 10/31/2019. After the Introductory Period, the APR may vary at any time and will be equal to the U.S. Prime Rate, published in the Money Rates section of The Wall Street Journal, plus a margin of 0.50% for a qualifying second lien behind a Bank of Hawaii first mortgage on an owner occupied fee simple property if the Combined Loan to Value ratio is ≤ 70%. For introductory APRs provided above, the current non-introductory fully indexed variable APR, as of 10/02/2019, is 5.50% for lines with a 0.50% margin. Other fully indexed APRs are available for qualifying applications ranging from 5.00% - 6.75% for margins ranging from 0.00% to 1.75%, respectively. In no event will the APR be less than 4.50% or more than 19.00% for properties located in the state of Hawaii and 18.00% for properties located in the territory of Guam. There is a $50 annual fee. Payments to third parties of certain fees, which generally total between $0 and $4,500 for Hawaii ($1,100 - $6,100 for Guam) may be required at closing. Any existing junior liens you may have must be paid off and may be paid by an initial draw from the new line of credit. The initial advance must be $11,000 or more (applicable for Guam only). Property that will secure your home equity account must be located in the state of Hawaii or territory of Guam. You must also maintain fire, hurricane, and flood (if in a flood hazard zone) insurance on the property that secures the home equity account located in Hawaii or fire, typhoon, and flood (if in a flood hazard zone) insurance on the property that secures the home equity account located in Guam. If you have an existing Bank of Hawaii home equity line account, it will not be eligible for these introductory APRs, unless (1) your account has been paid off and closed at least 6 months prior to submitting a new application, or (2) your existing Bank of Hawaii home equity line’s draw period is scheduled to end within the next 12 months and a new application is submitted. Certain requirements and restrictions may apply. Subject to change. Loan approval is required. See the Bankoh Home EquityLine Application Disclosures and all current addenda for terms and conditions.
2 Please see your deposit account agreement, disclosures, and fee schedule for terms, conditions, fees, and additional restrictions that may apply.
3 Applicable for applications received 10/9/2019 - 10/31/2019. Available for new accounts and line increases, with a minimum $10,000 draw at loan closing only.