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HELOC Rate Special

Unlock the Equity of Your Home

Need to fix up the house, want to take a trip or maybe you’re looking for a smart way to pay for college? Do it all and more with a Home Equity Line of Credit (HELOC) from First Merchants Bank. With rates below prime for the entire life of the loan, it’s a great time to borrow.

HELOC Rate Box

Use a HELOC to:

  • Renovate your home
  • Pay for college
  • Take a dream vacation
  • Consolidate debt
  • ... and more! Find complete details here.

Use your HELOC whenever and wherever MasterCard® is accepted with the Equity Access MasterCard® debit card.


A HELOC is a flexible, affordable, convenient and smart way to borrow. Talk to one of our knowledgeable bankers today to learn how a HELOC can help you realize your dreams or lighten your financial load.


*Home Equity Line of Credit (HELOC) rates are variable and subject to change based on published fluctuations in the Wall Street Journal Prime Rate. For initial advances of $50,000 or more (for new loan balances) the rate is PRIME minus .51%, and for initial advances of $25,000 to $49,999 (for new loan balances) the rate is PRIME minus .26% for the life of the loan. Current PRIME Rate effective September 27, 2018 is 5.25%. Maximum Annual Percentage Rate (APR) is 25%. To receive this offer, loan to value must be 80% or less with a credit score of 700 and above. Homeowners insurance is required. Owner occupied properties only. Offer valid on applications received on or before December 31, 2018. Annual fee of $75 is waived the first year. Normal credit underwriting standards apply. Refinance of existing FMB HELOC requires minimum increase of credit line by $20,000.


Ready to find out your options?

Get started with your application online or call 1.800.205.3464.