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Home Lending Offer

Renovate. Renew. Remodel. Do it all with a home improvement loan.

Give your home the attention it deserves with a great rate on a home equity line of credit.


Home Equity Line of Credit (HELOC)

HELOCs are an ideal option for home renovations of any size, big or small

HELOCs are the perfect option for homeowners who want to raise their home value without taking on an excessive amount of debt. With a HELOC from First Merchants Bank, you can borrow as much or as little as you need to make your home improvements. Through our current offer, you can also enjoy a great rate with no fees and flexible terms. Trust us, your home will thank you. In fact, you’ll thank yourself.

Contact your local banking center for more information.




HELOC 2.49% APR* 12 Month Promotional Rate *2.49% APR (Annual Percentage Rate) is fixed for 12 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 June 15, 2022 is *4.75%. 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 June 15, 2022, through July 31,2022. 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.