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Personal Loans and Home Equity Line of Credit

Choice Home Equity Line of Credit

If you’re a homeowner and looking for a convenient, flexible way to borrow, our Choice Home Equity Line of Credit is for you. With this type of credit Line, you can borrow money based on a percentage of the value of your home. 

Imagine what you could do with your home's equity! Whether it's for home improvements or a dream vacation, Pennian Bank can help you finance it.

  • Pay interest only during the draw period
  • Lock in your rate for up to five installments at a time.
  • Access the line of credit for up to 10 years, so you can borrow money when you need it
  • Submit an application online!

Call or visit your local branch for more information! 


*Offer valid on new Choice HELOC customers or a Choice HELOC refinance. Borrowers must also meet a certain credit score and loan-to-value (LTV) requirements to receive the introductory rate. The introductory rate of 1.99% APR (annual percentage rate) is effective for the initial 6 months of the loan. After the introductory period, the rate converts to a variable permanent rate, which will vary with the Prime Rate, as published in the Wall Street Journal plus or minus a margin. The Choice HELOC permits borrowing up to 80% of the available equity in the primary residence (excludes rental properties), other conditions and terms may apply. The rate will never exceed 18%. As of 12/19/22, the variable rate ranges from 7.15% - 8.00%. APRs advertised are based on a minimum credit score of 700, maximum LTV) ratio of 80% and a minimum loan amount of $5,000. A higher APR may be applied for loans with credit scores below 700 and/or LTV ratios over 80%. All Choice HELOCs have a 120 month interest-only draw period. The first 120 months is a draw period and is subject to monthly payments of interest-only calculated on the outstanding balance, followed by a 180 monthly installment repayment period. You may lock in all or a portion of your outstanding balance as a fixed rate term loan with a limit of up to 5 fixed rate term loans at any one time. The total of all Choice HELOC and fixed rate term loans issued by Choice HELOC shall not exceed maximum available credit. A $50 fee will be assessed to lock and unlock a fixed rate term loan. Choice HELOC is subject to a $250 processing fee. For loans above $250,000, title insurance may be required and fees can range from $1,600 to $5,600. Property and flood insurance, if applicable, are required. Additional fees may apply.

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Personal Installment Loans

Pennian Bank has a variety of terms and interest rates to fit your budget. Our personal installment loans are based on a defined repayment schedule of equal monthly payments.

We now offer personal term loans and lines of credit you can apply for online, get a response in minutes and receive funding within 3 business days!

Apply Online, Response in Minutes

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