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OUR HELOC PROMO

Make home improvements, consolidate debt, or fund a major event. Take advantage today!

Apply Online

INTRODUCTORY VARIABLE RATE DISCOUNT OF 1.50%

  • During the draw period there is an introductory discounted variable rate in effect for the first 6 billing cycles based on a 1.50% rate discount.
  • For the first 6 months, variable APR during the draw period may be as low as 6.60%.1
  • After the introductory period ends, variable APR during the draw period may be as low as 8.10% APR.1 Get details on our HELOC.

Apply Now

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APPLY ONLINE IN 3 STEPS

  1. Tell us about your home and the line amount you want.
  2. Provide your contact info and a bit more about you.
  3. Your application is underway! We’ll follow up within a few business days.

Start Now

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MORE WAYS TO APPLY

You can also call or visit us to open yours.

HELOC Details

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THE OLD NATIONAL HELOC1

  • Line amounts from $10,000 to $1,000,000
  • 10-year draw period, 20-year repayment period
  • Intro rate discount for the first 6 billing cycles
  • Interest-only payments during draw period, with variable rate based on Wall Street Journal prime rate plus or minus an applied margin
  • No additional review or application during transition from draw to repayment period
  • Draw methods include transfers, checks, debit card2
Apply for a HELOC

Talk to Us About Using Your Home's Equity

Getting connected with a Banker will not affect your FICO® Score

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800-731-2265

All loans are subject to credit review and approval. Property insurance required for all loans secured by real estate. Rates are subject to change daily. Contact your Old National Banker or Residential Lender for current loan rates. NMLS #459308.

1 Rates, terms, and conditions effective 3/1/2024 for applications received through 9/30/2024. Subject to credit approval. Property insurance is required for all loans secured by real estate. Rates are subject to change daily. Contact your Old National Banker or Residential Lender for current loan rates. NMLS #459308.  Other restrictions may apply, see bank for details. The line of credit has a draw period of 10 years, after which you will no longer have access to borrow funds and will be required to repay the borrowed balance within a 20-year term. During the draw period there is an introductory variable rate discount in effect for the first 6 billing cycles, based on a 1.50% discount resulting in an APR of 1.65% below the prime rate as published in the Wall Street Journal. After the introductory period expires, the variable rate for the account will be based on The Wall Street Journal prime rate (plus or minus a margin) which is currently 8.10%. During the repayment period the rate will be fixed based on the rate at the end of the draw period plus a margin which is currently 3.00%. APR examples provided above are based on the highest credit tier with an LTV of 60% or less and includes an optional 0.25% rate reduction available at origination for enrolling in automatic loan payments drawn from an ONB checking account. ONB associates may select the associate discount or Private Banking discount, not both, in addition to the promotional discount. Maximum APR is 21%, minimum APR is 0.99%. The initial $50 annual fee is waived. During the draw period the minimum monthly payment will be equal to the interest that accrued on the outstanding balance during the preceding billing cycle or $50, whichever is greater. During the repayment period the minimum monthly payment will be based on the balance at the end of the draw period amortized over 20 years or $50, whichever is greater. If you close or refinance your line of credit within 3 years, a Reimbursement fee will be assessed for the lesser of $300 or the amount paid to third parties to recover the closing costs paid on your behalf plus, in MN, the Mortgage Registry Tax (MRT) or Deed Stamp Tax paid on your behalf where applicable. Old National reserves the right to extend or discontinue this offer at any time. Equity Access Cards are not available to Kentucky residents.
2 Equity Access Cards are not available to Kentucky residents.