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Home Lending Offer

All Love Needs Nurturing. Especially the Love for Your Home.

Show your home some TLC with a great rate on 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 instantly increase the value of your home.

If these walls could talk, they'd say: Repair me. Paint me. Love me. Show your home you care with up to $5,000 for minor repairs or major renovations.

First Merchants Home Lending Offer 2Q21

Home Equity Line of Credit (HELOC)

Build out, build up or build on with an introductory rate of only 2.49% APR.**

HELOCs are great options for homeowners who want to renovate or remodel their homes. Give your home the care it deserves with a great rate on a HELOC today.


Home Improvement Loan 6.99% APR*

*Annual Percentage Rate (APR) effective March 29, 2021 - October 31, 2021. 6.99% APR is available for select repayment terms, $1,000 - $5,000 loan amount, minimum credit score of 680 to qualify. Limit one improvement loan per household, cannot pay off existing debt. See banker for additional details.

Home Equity Line of Credit (HELOC) 2.49% APR,** 12-Month Promotional Rate

**2.49% APR (Annual Percentage Rate) is fixed for one year, then the rate will reprice to standard HELOC rates, which are variable and subject to change based on published fluctuations in the Wall Street Journal prime rate. Fixed rate lock options are available for a fee of $50 to lock or unlock a rate, ask a banker for details. Current prime rate effective 09/15/2021 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. Property insurance is required. Owner occupied properties only. Offer valid on applications received March 29, 2021 through October 31, 2021. 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.