Banking Products

Resources

WE'RE ALWAYS OPEN

1-888-643-3888

Call toll-free, 24x7
View Rates Calculate Your Payments

Bankoh Home EquityLine

Print Close

Bankoh Home EquityLine - Terms and Disclosures

1. The Bankoh Home EquityLine introductory Annual Percentage Rate (APR) will be effective for the first 12 or 24 months, from the date your new Bankoh Home EquityLine account is opened (the “Introductory Period”). Offer is valid for qualifying applications received June 1 – July 31, 2015. After the Introductory Period, the APR may vary at any time and will be equal to the U.S. Prime Rate, published daily in The Wall Street Journal, plus: (i) a margin of 0.50% for a qualifying first lien or second lien behind a Bank of Hawaii first mortgage on an owner occupied fee simple property if the combined loan-to-value is < 70%, or (ii) a margin of 1.00% for a qualifying second lien behind a non-Bank of Hawaii first mortgage on an owner occupied fee simple property if the combined loan-to-value is < 70%. For APRs calculated in (i) or (ii) above, the current non-introductory fully indexed variable APR as of June 1, 2015, subject to the 4.50% floor rate, is 4.50%. In no event will the APR be less than 4.50% or more than 19.00% for Hawaii and 18.00% for Guam. Other fully indexed APRs are available for qualifying applications not meeting the above criteria, such as investor properties. There is a $50 annual fee. 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 $10,300 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 flood hazard zone) insurance on the property that secures the home equity account located in Hawaii or fire, typhoon, and flood (if in 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 this introductory rate, 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 9 months and a new application is submitted. Certain requirements and restrictions may apply. Subject to change. Loan approval is required.
2. Please see the Consumer Deposit Account Agreement and Disclosure Statement and Bankoh Consumer Electronic Financial Services Agreement and Disclosure Statement and Fee Schedule for Personal Checking and Savings Accounts for terms, conditions, fees, and additional restrictions that may apply.
3. Waived bank closing costs include $125 mortgage documentation fee, $75 trust review fee, and $75 condominium review fee (not applicable in Guam). If escrow is required, we will provide a credit of up to $175 to offset escrow fees related to paying off existing liens. Payments to third parties of certain fees, which generally total between $0 and $4,400 for Hawaii ($1,100 - $6,100 for Guam) may be required at closing, and are not waived as part of this offer.
4. Effective for applications received June 1-July 31, 2015. Available for new accounts at closing only, with a minimum $10,000 draw.

To Apply

Contact Us

1-877-2BANKOH

(1-877-222-6564)

Open 24/7

Speak with a live agent:

Click to Call

Or Visit Any Branch

and bring in a completed application:

Hawaii Application Guam Application

or Email Us >


Homeowners all across Hawaii are saying, "Thanks equity"
because they're tapping into their home's equity
to pay for things that really matter to them.
What will you "thank your home equity" for?

  • Thanks home equity

    for helping us go green!
    With a home equity line, you can easily manage expenses by borrowing only what you need at the time you need it. If you're installing a photovoltaic system, or building an extension, a home equity line can help.
  • Thanks home equity

    for my dream kitchen.
    You have the power to borrow against your line when you need to, and control how quickly you repay. Equity line checks can make payments easy. Equity lines can provide immediate cash for the expected - like a dream kitchen - or the unexpected.
  • Thanks home equity

    for helping us pay for college.
    Home equity lines offer lower interest rates than most credit cards, making large tuition payments more manageable.
  • Thanks home equity

    for consolidating my debt so I can rest easy.
    Instead of paying multiple bills with various interest rates, consolidate debt by using a home equity line. You'll make just one payment and take advantage of the lower intrest rate that a home equity line offers over conventional loans and credit cards.

"Thanks home equity"
for these great benefits!

Convenient access to funds

Borrow only what you need, when you need it using e-Bankoh®, Bankoh by Phone, or a Bankoh Home EquityLine check. Our mobile banking app makes it especially easy to access your line and transfer funds.

Option to fix your rate

This feature provides you additional budgeting power, with the peace of mind that comes from a fixed rate.

Easy to manage repayment

Enjoy low monthly payments during the 10-year draw period. Then you'll have 15 years to fully repay the balance, or pay off sooner if you choose.

Added buying power - Fixed Rate Loan Option

You won't find this feature everywhere. A Bankoh Home EquityLine comes with the option to lock in all or a portion of your line at a fixed rate by selecting a Fixed Rate Loan Option. So you keep all the flexibility of a line, but with the added benefit of predictable monthly payments.

America's Best Banks

For the sixth straight year, Forbes Magazine has named Bank of Hawaii one of "America’s Best Banks." (Forbes Magazine, Dec. 22, 2014 online edition).

"Thanks home equity"
for helping me save money.

Our Bankoh Home EquityLine helps keep dollars in your wallet since the interest you pay may be tax deductible (please consult your tax advisor to learn more). In addition, our interest rates are typically lower than most credit cards and conventional loans, so using your line to consolidate your bills may also result in savings.

Consolidate debt into a home equity line

Bank of Hawaii Assistant Vice President and West Oahu Regional Manager Ryson Matsumura discusses consolidating debt into a home equity line.

Terms and Disclosures

1. The Bankoh Home EquityLine introductory Annual Percentage Rate (APR) will be effective for the first 12 or 24 months, from the date your new Bankoh Home EquityLine account is opened (the “Introductory Period”). Offer is valid for qualifying applications received June 1 – July 31, 2015. After the Introductory Period, the APR may vary at any time and will be equal to the U.S. Prime Rate, published daily in The Wall Street Journal, plus: (i) a margin of 0.50% for a qualifying first lien or second lien behind a Bank of Hawaii first mortgage on an owner occupied fee simple property if the combined loan-to-value is < 70%, or (ii) a margin of 1.00% for a qualifying second lien behind a non-Bank of Hawaii first mortgage on an owner occupied fee simple property if the combined loan-to-value is < 70%. For APRs calculated in (i) or (ii) above, the current non-introductory fully indexed variable APR as of June 1, 2015, subject to the 4.50% floor rate, is 4.50%. In no event will the APR be less than 4.50% or more than 19.00% for Hawaii and 18.00% for Guam. Other fully indexed APRs are available for qualifying applications not meeting the above criteria, such as investor properties. There is a $50 annual fee. 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 $10,300 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 flood hazard zone) insurance on the property that secures the home equity account located in Hawaii or fire, typhoon, and flood (if in 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 this introductory rate, 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 9 months and a new application is submitted. Certain requirements and restrictions may apply. Subject to change. Loan approval is required.
2. Please see the Consumer Deposit Account Agreement and Disclosure Statement and Bankoh Consumer Electronic Financial Services Agreement and Disclosure Statement and Fee Schedule for Personal Checking and Savings Accounts for terms, conditions, fees, and additional restrictions that may apply.
3. Waived bank closing costs include $125 mortgage documentation fee, $75 trust review fee, and $75 condominium review fee (not applicable in Guam). If escrow is required, we will provide a credit of up to $175 to offset escrow fees related to paying off existing liens. Payments to third parties of certain fees, which generally total between $0 and $4,400 for Hawaii ($1,100 - $6,100 for Guam) may be required at closing, and are not waived as part of this offer.
4. Effective for applications received June 1 – July 31, 2015. Available for new accounts at closing only, with a minimum $10,000 draw.