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Belco's Online Banking

Home Equity Line of Credit


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.
Refinance of an existing Belco loan requires a minimum of $5,000 in new money. All loans subject to credit approval.