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Home Equity Line of Credit (HELOC)

Make your home’s equity work for you

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Have questions? Contact us

A smart way to pay

Put your equity to work with a Bankoh Home Equity Line. It’s a smart way to pay for life’s big expenses or even refinance your existing mortgage.

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Consolidate

Pay down high-interest debt at a much lower rate

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Renovate

Finance your dream kitchen, second story and more

Refinance

Pay off your existing mortgage without all the closing costs

HELOC Rates

Special Introductory Rates

Special Introductory Rates
24 Months 1 36 Months 1 48 Months 1
Introductory APR 1.49% 2 1.99%2 2.49%2
Current Fully Indexed Variable APR 4.50% 1 4.50%1 4.50%1
See Fixed Rate Loan Options

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 5/1/2021-5/15/2021. 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 4/19/2021, is 4.50%, subject to the 4.50% floor rate, for lines with a 0.50% margin. Other fully indexed APRs are available for qualifying applications ranging from 4.50% - 5.00%, subject to the 4.50% floor rate, 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 $5,400 for Hawaii ($1,600 - $5,200 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 $12,000 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.

With automatic payments from your Bank of Hawaii personal checking or savings account.  Please see your deposit account agreement, disclosures, and fee schedule for terms, conditions, fees, and additional restrictions that may apply. Without automatic payments, the APR will be 1.99%, 2.49% or 2.99% for the first 24, 36 or 48 months, respectively.

HELOC Rates

Special Introductory Rates

Introductory APR
1.49% 2
Current Fully Indexed Variable APR
4.50% 1
Introductory APR
1.99%2
Current Fully Indexed Variable APR
4.50%1
Introductory APR
2.49%2
Current Fully Indexed Variable APR
4.50%1
See Fixed Rate Loan Options

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 5/1/2021-5/15/2021. 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 4/19/2021, is 4.50%, subject to the 4.50% floor rate, for lines with a 0.50% margin. Other fully indexed APRs are available for qualifying applications ranging from 4.50% - 5.00%, subject to the 4.50% floor rate, 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 $5,400 for Hawaii ($1,600 - $5,200 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 $12,000 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.

With automatic payments from your Bank of Hawaii personal checking or savings account.  Please see your deposit account agreement, disclosures, and fee schedule for terms, conditions, fees, and additional restrictions that may apply. Without automatic payments, the APR will be 1.99%, 2.49% or 2.99% for the first 24, 36 or 48 months, respectively.

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 5/1/2020-5/15/2020. 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 4/19/2021, is 4.50%, subject to the 4.50% floor rate, for lines with a 0.50% margin. Other fully indexed APRs are available for qualifying applications ranging from 4.50% - 5.00%, subject to the 4.50% floor rate, 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 $5,500 for Hawaii ($1,100 - $7,100 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 $12,000 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.

With automatic payments from your Bank of Hawaii personal checking or savings account.  Please see your deposit account agreement, disclosures, and fee schedule for terms, conditions, fees, and additional restrictions that may apply. Without automatic payments, the APR will be 1.99%, 2.49% or 2.99% for the first 24, 36 or 48 months, respectively.

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HELOC 101

How a HELOC works

A HELOC is a type of loan that allows a homeowner (like you) to borrow against the equity in your home. It is a line of credit, which is like a credit card that allows you to pay for things as you need them.

  • Special Introductory Rate – enjoy a low introductory rate for the first two-to-four years, if eligible. After that, the rate will increase and may vary.
  • Fixed Rate Loan Option – you can set all or a portion of your line balance to a fixed rate for a 15, 25 or 30 year term.
Illustrated side view of three-story house

Introducing a smarter way to refinance

Pay off your existing first mortgage with a Bankoh Home Equity Line up to $400,000 and enjoy rates close to or lower than conventional mortgage rates—with virtually no closing costs3.

Special FRLO rates:
2.50% APR** for 15 years5
3.00% APR** for 30 years5

No mortgage? No problem. Enjoy the same low rates with virtually no closing costs when you tap into your home's equity up to $400,000.

Apply now

Questions? Contact us

Father holding son in air in front yard of house

Available for a qualifying Bankoh Home EquityLine secured by first lien on property located in the State of Hawaii only. Condotels not eligible. Escrow services may be required if your request will pay off an existing mortgage. Escrow costs greater than $175 may be part of your closing costs. In some cases, the title company may determine an ALTA policy is required, resulting in a cost ranging from $350 to $2,050. Please consult your tax advisor regarding deductibility of interest charges on a new Bankoh Home EquityLine.

** Annual Percentage Rate

HELOC Rates

Fixed Rate Loan Options4

Fixed Rate Loan Options4
15 Years 25 Years 30 Years
1st Lien HELOC5 2.50%5 2.90%5 3.00%5
Standard HELOC6 2.65%6 3.05%6 3.15%6
See Special Introductory Rates

Monthly payments for Fixed Rate Loan Options (“FRLO”) are in addition to your minimum monthly payment on the variable rate portion of your home equity line. Other Fixed Rate Loan Options with varying rates and terms are available upon request. Other requirements and restrictions may apply.

Available for new lines or line increases up to $400,000 secured by properties without an existing first mortgage or whose first mortgage will be paid off by an initial draw from the new line of credit or line increase. The monthly payment per $10,000 borrowed for a 15-year FRLO at a 2.50% APR is approximately $66.68 (180 monthly payments of principal and interest), for a 25-year FRLO at a 2.90% APR is approximately $46.90 (300 monthly payments of principal and interest), and for a 30-year FRLO at a 3.00% APR is approximately $42.16 (360 monthly payments of principal and interest).

The monthly payment per $10,000 borrowed for a 15-year FRLO at a 2.65% Annual Percentage Rate (“APR”) is approximately $67.39 (180 monthly payments of principal and interest), for a 25-year FRLO at a 3.05% APR is approximately $47.68 (300 monthly payments of principal and interest), and for a 30-year FRLO at a 3.15% APR is approximately $42.97 (360 monthly payments of principal and interest).

HELOC Rates

Fixed Rate Loan Options4

1st Lien HELOC5
2.50%5
Standard HELOC6
2.65%6
1st Lien HELOC5
2.90%5
Standard HELOC6
3.05%6
1st Lien HELOC5
3.00%5
Standard HELOC6
3.15%6
See Special Introductory Rates

Monthly payments for Fixed Rate Loan Options (“FRLO”) are in addition to your minimum monthly payment on the variable rate portion of your home equity line. Other Fixed Rate Loan Options with varying rates and terms are available upon request. Other requirements and restrictions may apply.

Available for new lines or line increases up to $400,000 secured by properties without an existing first mortgage or whose first mortgage will be paid off by an initial draw from the new line of credit or line increase. The monthly payment per $10,000 borrowed for a 15-year FRLO at a 2.50% APR is approximately $66.68 (180 monthly payments of principal and interest), for a 25-year FRLO at a 2.90% APR is approximately $46.90 (300 monthly payments of principal and interest), and for a 30-year FRLO at a 3.00% APR is approximately $42.16 (360 monthly payments of principal and interest).

The monthly payment per $10,000 borrowed for a 15-year FRLO at a 2.65% Annual Percentage Rate (“APR”) is approximately $67.39 (180 monthly payments of principal and interest), for a 25-year FRLO at a 3.05% APR is approximately $47.68 (300 monthly payments of principal and interest), and for a 30-year FRLO at a 3.15% APR is approximately $42.97 (360 monthly payments of principal and interest).

Monthly payments for Fixed Rate Loan Options (“FRLO”) are in addition to your minimum monthly payment on the variable rate portion of your home equity line. Other Fixed Rate Loan Options with varying rates and terms are available upon request. Other requirements and restrictions may apply.

Available for new lines or line increases up to $400,000 secured by properties without an existing first mortgage or whose first mortgage will be paid off by an initial draw from the new line of credit or line increase. The monthly payment per $10,000 borrowed for a 15-year FRLO at a 2.50% APR is approximately $66.68 (180 monthly payments of principal and interest), for a 25-year FRLO at a 2.90% APR is approximately $46.90 (300 monthly payments of principal and interest), and for a 30-year FRLO at a 3.00% APR is approximately $42.16 (360 monthly payments of principal and interest).

The monthly payment per $10,000 borrowed for a 15-year FRLO at a 2.65% Annual Percentage Rate (“APR”) is approximately $67.39 (180 monthly payments of principal and interest), for a 25-year FRLO at a 3.05% APR is approximately $47.68 (300 monthly payments of principal and interest), and for a 30-year FRLO at a 3.15% APR is approximately $42.97 (360 monthly payments of principal and interest).

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