Scroll To Top

Home Lending Offer

Spare room or spare cash? It's up to you.

Get a great rate from First Merchants when you choose a Home Improvement Loan or a Home Equity Line of Credit.



Home Improvement Loan

For a low rate of only 6.99% APR,** you can upgrade, renovate or decorate.

6.99% APR offer for Home Lending, restriction apply.


Home Equity Line of Credit (HELOC)

Remodel your kitchen, install a pool or even add on to the garage with an introductory rate of only 2.49% apr.**

2.49% APR for HELOC, restrictions apply


Home Improvement Loan

**Annual Percentage Rate (APR) effective July 20,2020 through December 31, 2020. 6.99% APR is available for up to 60-month term, $1,000 - $5,000 loan amount, minimum credit score of 680 to qualify. Limit 1 improvement loan per household, cannot pay off existing debt. Applicant must be homeowner.

Home Equity Line of Credit

**2.49% APR (Annual Percentage Rate) is fixed for 6 months, then the rate will reprice to standard home equity line of credit (HELOC) rates that are variable and subject to change based on published fluctuations in the Wall Street Journal prime rate. Current prime rate effective July 1, 2020 is 3.25%. Maximum annual percentage rate (APR) is 25%. To receive this offer, loan to value must be 89.99% or less with a credit score of 700 and above. Homeowners insurance is required. Owner occupied properties only. Offer valid on applications received July 20, 2020 through October 31, 2020. Annual fee of $75 is waived the first year. Normal credit underwriting standards apply. Offer subject to change or cancellation without notice. Refinance of existing First Merchants Bank HELOC requires minimum increase of credit line by $20,000, and existing First Merchants Bank HELOC must not currently be on a promotional rate.