facebook-with-circle google-with-circle linkedin-with-circle twitter-with-circle youtube-with-circle search3 lock question6 plus3 arrow-up6 arrow-right6 arrow-down6 arrow-left6

Belco's Online Banking

Home Equity Line of Credit

viewratesbutton3applynowbutton

myLOC Home Equity Loan from Belco gives you the flexibility to use your home’s valuable equity to achieve your goals. Use a myLOC Home Equity Loan like a traditional line of credit, and pay interest only on the portion you borrow with a variable interest rate. Or, lock in a segment of your line and make fixed, predictable monthly payments for a set term and at a set rate. It’s your choice.

  • The line is always available up to your approved credit limit
  • 10-year draw period and a 10-year repayment period (20 total years)
  • Advances can be made online through Money Manager, over the phone with Belle, or at any Belco branch
  • You only need to pay the accumulated interest each month
  • No prepayment penalty
  • Principal payments immediately free up your available balance for future projects
  • Credit limits available up to 90% of the appraised value of your home.        stock-photo-68807957-woman-installing-laminate-flooring
  • Interest rate:
    • Interest rate will be indexed to the Wall Street Journal Prime Rate (WSJP) and can vary quarterly
    • You have the option to “lock in” a portion of your balance with prevailing fixed rates (There is a $50 fee for each portion locked)
  • Available for owner-occupied primary residences located in Pennsylvania
  • No application fee
  • Borrower responsible for paying applicable recording fees
Equal Housing Opportunity Lender. We Do Business in Accordance With the Federal Fair Housing Law
and the Equal Credit Opportunity Act. NMLS#528042
If you would like a copy of Belco’s Home Mortgage Disclosure Act, please mail your request to us at: 449 Eisenhower Blvd., Harrisburg, PA 17110.
All loans subject to credit approval.