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Home Equity Loans

The financing you need is no further than your front door

Turn your home equity into cash for nearly any purpose.

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Featured Rate See all rates

As low as

  1. 6.99%
    1. APR*
      1. Annual Percentage Rate

Recently, we took out a HELOC at Electro to complete a multitude of home projects we needed to get done on the house for upkeep, and in the process, we were able to consolidate all of our debt into it.

This was the first Home Equity Loan we have ever taken out. I can share that the HELOC has been an “Inflation Buster” for our family! It has also allowed us to manage our debt more efficiently, stop using the credit card, and put more in savings in just the little time we have had it.

I’m a big believer in Electro! I also use Kasasa Cash, and love the ATM cash back at the end of the month. In my opinion, there is no better place to bank!

Jim S.

All the extras you need

  • Competitive Rates
  • Local Processing
  • Quick Decisions
  • Home Equity Lines of Credit Available
  • Turn the equity in your home into ongoing, affordable financing1
  • Competitive rates for ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more
  • Use the equity in your home as collateral2
  • Accommodating repayment terms that work uniquely for you
  • Revolving credit — funds available anytime without reapplying
  • Funds easily available in a number of ways
  • The interest paid could be tax deductible3
  • Quick processing and local decision-making 
  • Attentive, friendly service from start to finish
  • Convert the equity in your home into cash you can use1
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more
  • Use the equity in your home as collateral2
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible3
  • Quick processing and local decision-making
  • Attentive, friendly service from start to finish

1 Available to all primary residences in Missouri and Illinois. Property must be the owner's primary residence. Mobile homes and rental properties are not eligible. 

2 Borrow up to the maximum loan to value (LTV) of 95% for qualified borrowers.

3 Consult a tax advisor concerning tax deductibility. 

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