The benefits of opening a Smartest Home Equity Line of Credit with German American Bank:
Low interest rates
Rates are generally lower than conventional consumer loans.
Automatic payment option
Monthly payments can be automatically deducted from your checking account. Or, you can set up recurring payments in Online Banking.
Free check writing
Up to four checks monthly.
Interest may be tax-deductible
Consult with your tax advisor.
*Annual percentage rate is accurate as of 11/3/22 and applies to new Home Equity accounts. 0.00% APR for first 90 days is only available for newly advanced money. Other conditions apply. Ask us for details. Only available for borrower's primary dwelling. The annual percentage rate in effect is 7.00% with loan-to-value of 80% or less and a credit score of 720 or above. If your credit score is lower than 720 and/or your loan-to-value is higher, your interest rate may be higher. Rate is variable and subject to change. APR will not exceed 21% or the maximum rate allowed by applicable law. No annual fee. Subject to credit and underwriting approval. Property Insurance is required. If your line closes within 24 months from the opening date, you will have to pay a $399.00 early termination fee. Available in the German American market only. Other stipulations may be required.