Personal

Special & Interest Only Home Equity Lines of Credit

You can access up to 80% of the equity in your home and use the money for renovations or repairs, to pay off high-rate credit cards, or for some other worthwhile purpose.

Take advantage of a discounted interest rate with our Special Home Equity Line of Credit offer from Bristol County Savings Bank.

Special Home Equity Line of Credit

Introductory APR
Prime Rate
Current as of
4.25% 5.25% 8/21/2019

The ANNUAL PERCENTAGE RATE (APR) is a variable rate. Prime minus 1.00% is based on the domestic Prime Rate as published in the Wall Street Journal on the last day of the previous month and is fixed for the first 12 months. As of August 21, 2019 the prime rate was 5.25% – so our special rate is 4.25% APR. After the first 12 months, the APR will adjust monthly to the prevailing Prime Rate at that time but the rate will never be less than 3.00% APR and will never exceed an APR of 18.00%.*

Enjoy lower monthly payments with interest only payments required for the first 10 years.

Interest Only Home Equity Line of Credit

Loan Amount
Prime Rate
Interest Only Payment (1st 10 years)**
$5,000 5.25% $21.88
$10,000 5.25% $43.75
$25,000 5.25% $109.38
$50,000 5.25% $218.75
$100,000 5.25% $437.50

The ANNUAL PERCENTAGE RATE (APR) is a variable rate, based on the domestic Prime Rate as published in the Wall Street Journal on the last day of the previous month. As of August 21, 2019 the Prime Rate was 5.25% and the APR will adjust monthly to the prevailing Prime Rate at that time but the rate will never be less than 3.00% APR and will never exceed an APR of 18.00%. After the 10 year draw period, funds can no longer be advanced and payments must be made on both interest and principal.

If a fixed rate is more appropriate for your needs, ask us about our competitively priced Equity Loan. For more information, or to take advantage of our Prime Minus 1.00% Equity Line of Credit, please speak with a branch representative. Our knowledgeable staff will be happy to answer your questions and help you complete an application. If you prefer, you can apply by calling 774-226-1917 or by clicking below.

Apply Now for a Home Equity Line of Credit


*Requires a minimum advance of $10,000 at closing and repayment from a Bristol County Savings Bank checking account. 1- to 4- family, owner-occupied properties with a loan-to-value ratio of 80% or less. If your home is on the market for sale at the time of application or if you have an existing Bristol County Savings Bank home equity line, you are not eligible for this offer. Property insurance will be required. Applications subject to approval. APRs and other terms accurate as of 8/21/2019 and may change thereafter. Offer may be withdrawn at any time.

**Monthly interest only payments are estimated.