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HELOC Rates

Lower rates, bigger dreams

Make the equity in your home work even harder. With low home equity line of credit (HELOC) rates available, there’s no better time to consolidate debt, renovate or repair your home, and more.

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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

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 4/16/2021-4/30/2021. 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 4/6/2021, 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

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 4/16/2021-4/30/2021. 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 4/6/2021, 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 4/16/2020-4/30/2020. 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 4/6/2021, 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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A Smarter Way to Refinance

How to refinance with a HELOC

Pay off your existing first mortgage with a Bankoh Home Equity Line up to $400,000 and enjoy no application fee, no appraisal, and virtually no closing costs*.

  • Take advantage of our fixed rate loan options with rates close to or lower than our conventional mortgage rates.
  • Choose a low introductory rate for low interest-only payments during the introductory period.
  • Or mix and match by keeping a portion of your line balance at the low introductory rate and the other portion at the low fixed rate—whatever works best for you.

Apply now

Have questions? Contact our local lending experts today.

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* 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.

HELOC Rates

Special Fixed Rate Loan Options4

Special 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

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

Special 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

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).

Read more

Have questions? Get in touch with our local lending experts.

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#1 in total dollars and numbers of loans made in the State of Hawaii.*

*#1 Residential Lender ranking is for total number of residential loans and total dollars made by a lender in the State of Hawaii in 2020. Information compiled by Title Guaranty derived from Hawaii Bureau of Conveyances tax data recorded information for 2020. Information is deemed reliable but not guaranteed.

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