Home Equity Loans
REMODEL OR USE THE EQUITY IN YOUR HOME:
Want to access to funds to remodel, pay off other bills or take a vacation? Tap into the equity in your home by borrowing up to 90% of its value!
Let the established value of your home provide you with the financing you are looking for. Borrow from the equity in your home with a fixed-rate Home Equity Loan.
- Fixed interest rate
- Terms up to 10 years
- Up to 90% of the home’s value
Get the money up front and pay off the loan in a set time period
With a Peru Federal Savings Bank Home Equity Loan you might be able to save money on our special low, locked-in interest rate that could be 100% tax-deductible (consult your tax adviser). You’ll enjoy the convenience of affordable monthly payments over a fixed time period and you might be able to save even more by paying off higher interest obligations such as department store charges.
With our Home Equity Credit Line, you can also enjoy lower interest rates and tax savings benefits… and whenever you need money, just simply write one of your credit line checks. To find out whether you’re in a good borrowing position, and the maximum amount you should be able to borrow, take our Peru Federal Savings Bank One-Minute Home Equity Loan Test. You might also want to order your Credit Report to make sure you’re in good standing. Then, call us at 815-223-4300 or apply online today with our Secure Loan Application. We’ll get back to you right away with the answer you need.
