Let Your Equity Work For You!

With your Peoples Bank EquityOne Line of Credit, you can tap into your home equity whenever you need, for whatever you need!


Reduce Your Interest Payments

Take advantage of lower interest rates and use your Peoples Bank EquityOne Line of Credit to consolidate debt from high-interest credit cards and loans with no balance transfer fees. Lowering your interest rate may help you lower your interest payments and save you money.


$20,000 Credit Card Balance $20,000 HELOC Balance
16.73% APR* 5.50% APR*
Monthly Payment = $278.83 Monthly Payment = $91.67
Monthly Interest Savings = $187.16
Annual Interest Savings = $2,245.92

It's Easy

Transfer funds or inquire about your potential monthly payment savings:

  • To make the payment transfer, contact your People Bank Relationship Manager.
  • Schedule an appointment or visit your local branch and a banker can make the transfer for you.
  • Enter your name and contact information in the form below and a banker will contact you within one (1) business day to help with the balance transfer.

If your circumstances require more funds than are currently available on your loan, or if you would like to lock a portion of your loan funds, please contact us for assistance. We’ll do our best to find a loan that meets your needs.


Complete the form below and a banker will contact you within one (1) business day

Subject to credit approval.  Available to non-owner and owner-occupied, single family residence.  Maximum loan amount up to $250,000 (non-owner occupied) and $1,000 (owner-occupied) will be determined by the occupancy, lien position and amount of equity in the property.   Property insurance is required.  If the property is located in a Special Flood Hazard Area, we will require you to obtain flood insurance.  Based on the loan amount, an automated valuation service is used to determine property value; if an appraisal is required, the fee will be paid by the borrower.  A non-refundable processing fee may be paid by the borrower depending on the loan amount and property type.  If the loan is paid off and closed within the first 12 months, the prepayment penalty will be 2.00% of the original credit limit, not to exceed $1,000; if prepayment occurs in months 13 through 24, the penalty will not exceed $500.  An annual fee of $50 is waived for the first year. Refer to the Peoples EquityOne Disclosure for complete product details.

*Variable Rate Pricing: The variable rate for the EquityOne Line of Credit (HELOC) is based on the Prime Rate as published in the Wall Street Journal plus a margin based on the borrower’s credit history.  The margin varies from plus 0.50% to plus 2.00%.  The minimum APR is the initial rate and will never exceed 18.00%.  The APR and minimum payment are subject to change, depending on market conditions.  Prime Rate is currently 5.50%.  If you only make the minimum payment (interest only), you will not repay any of the principal balance.  At the time of the 120th payment, the payment amount will be based on an amortization of your balance and due monthly thereafter. A change in the APR will cause the balance to be repaid more quickly or more slowly, which may cause the payment to be increased in order to repay the balance by the maturity date.

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The Customer Contact Center is available:

  • Mon - Fri: 8 am to 6 pm
  • Sat: 9 am to 4 pm
  • (800) 584-8859
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