Provident Equity Loans
and Equity Lines of Credit
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Put the equity in your home to work with an equity loan or line of credit from Provident. Your
payments on a home equity loan or line of credit may even be tax deductible -- consult your tax advisor. Choose
a closed end loan for a single purchase such as a car, or choose a line of credit with an Equity Platinum Visa
to have instant access to your equity when you need it most. Click on one of the headings below for details.
Enjoy the comfort of a fixed rate on these closed-end loans.
Use the equity in your home for remodeling, paying taxes or education
expenses -- whatever you need! Borrow up to 65% of the equity in
your home with loan amounts up to $100,000.
Rates
- All Provident Credit Union equity
lines of credit include Equity Checks and a Provident Credit Union Equity Platinum Visa card, for very convenient access to your credit anytime,
for any purpose.
Regular HELOC
This line of credit features a rate that is 1.00% above the Prime Rate and lets you access up to 65% of the equity in your home, with lines up to $100,000.*
Rates
Relationship HELOC
If you have other qualifying accounts or products at Provident, that relationship turns your Regular HELOC into a Relationship HELOC. Instead of adding 1.00% to the Prime Rate, your loyalty to Provident is rewarded with a rate that is .75% above the Prime Rate.*
Rates
5-Year Fixed Prime
This loan merges the best feature of an equity loan (a fixed competitive rate) and the best feature of a home equity line of credit (convenient access to a line of credit via Visa card and checks). Plus, simply by having another qualifying account at Provident, this credit line adjusts to the Prime Rate after the first 5 years.
Rates
5-Year Fixed Prime Plus
There are no other qualifying accounts required to be eligible for this rate. This equity loan has the same features as the 5-Year Fixed Prime, but after 5 years will have an adjustable rate that is .25% above the Prime Rate.
Rates
For current APR (Annual Percentage Rate) and other details, see rates. Ceiling is 6% above the initial, fully indexed rate. Minimum line to apply for is $25,000.
* This is a Variable Rate Loan: rate and payment will change monthly as the Prime Rate (as published in the Wall Street Journal) changes.
This special card offers you unmatched financial power and convenience, and
it's the easiest and most practical way to access your home equity line of credit.
You can use your Equity Visa just like you would any Visa card for
everyday purchases, vacations, home improvements, an automobile purchase or anything else
up to your available credit limit.You can even use it for cash advances or to pay off
other high interest debt. Best of all, you'll get a rebate of .50% of the amount of your
purchase.
Using your Equity Visa card is much better than calling for advances or
using convenience checks. When you use your Equity Visa to access your funds, it will be noted
on your statement for easy record keeping. This is especially helpful when determining the amount
of capital improvements you put into your home for potential tax saving strategies. And, unlike
using a check, you will receive a receipt for purchases you make with your Equity Visa card.
Another form of protection for you would be using the Visa dispute process
to help resolve issues where goods or services were not as expected, agreed action was not taken,
or merchandise was not received.
Your Provident Credit Union Platinum Equity Visa offers you these additional features:
- A .50% (one half of one percent) cash rebate on purchases
- No foreign transaction fees
- 25-day grace period to repay your balance for new purchases before a finance charge on purchases will be imposed
- 24-hour access by phone and online, including advances, account information, and transfers to and from other accounts.
- Cash advances at any financial institution that offers Visa
- $1 million travel accident insurance**
- Visa Rewards Internet merchant discount program
- Auto rental insurance
- Travel and emergency assistance
- ATM locator, medical and legal referral and assistance, emergency ticket replacement,
lost luggage assistance, emergency message service, valuable document delivery assistance and prescription assistance
- Emergency cash disbursement
- Lost and stolen card reporting/replacement
- Visa Assistance Center 24 hours a day
- Added online security with "Verified by Visa"
For more details about your Equity Platinum Visa card benefits, visit Visa.com
** Some restrictions may apply.
Apply Now!
To receive an equity loan or line of credit application by mail, call (650) 508-0300 or
(800) 632-4600 or e-mail our Real Estate Lending Department
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