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Magyar Bank
Free in Google Play

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Magyar Bank Google Play App Icon

Magyar Bank
Free in Google Play

Download

Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

Download

Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

Download

Simply MAGnificent Home Equity Special

Access the equity in your home with a Magyar Home Equity Line of Credit (HELOC). How you use the money is up to you - we just make it easy for you to apply, and we'll get a decision back fast.

  • Home improvements
  • New Car
  • College Tuition
  • Consolidate Existing Loans

 

HELOC with Auto Debit from Magyar Checking and Combined Loan to Value ratio of 70% or less*

HELOC with Auto Debit from Magyar Checking and Combined Loan to Value ratio of 70.01% - 80%*

4.50% APR*

5.50% APR*

*APR (Annual Percentage Rate) is determined by the Combined Loan to Value (CLTV) ratio. If CLTV is 70.00% or less, APR is the Prime Rate minus 1.00% with auto-debit from a Magyar Checking account, and Prime Rate minus .75% without auto-debit. If CLTV is 70.01%-80.00%, APR is the Prime Rate with auto-debit from a Magyar Checking account, and Prime Rate plus .25% without auto-debit. As of 12/20/18, Prime is 5.50%. Subject to credit approval. $10,000 minimum loan amount, $500,000 maximum loan amount. APR is subject to change without notice. This is a variable rate account. Eligible properties include 1-4 family primary residences or second homes (single family home or condos). A $25 annual maintenance fee applies. Minimum credit advance that you can receive is $250. Property insurance is required. Maximum APR for this account with auto-debit from a Magyar Checking account, or without auto-debit, is 16.500% and the minimum is 4.00%. Lines terminated within the first 24 months are subject to an early termination fee of $250. Equal Opportunity Lender.

Open Your Account Today

Complete the Home Equity Inquiry form and a Magyar Bank representative will contact you to open your account. You can also visit any Magyar Bank location, or call 1-888-990-BANK. 

 

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