Take advantage of INB’s great rates on HELOCs…now with a low, fixed introductory rate!

Introductory Rate


Fixed APRfor first 6 months

Variable Rate Thereafter


Variable APRincludes discounts3

 Rate above as of 07/27/23 and subject to change.

Apply now 

$0 Application fees     $0 Upfront fees     $50 Annual fee

0.25% rate discount available when you set up automatic payments (at account opening) and your monthly payment is automatically deducted from your INB checking account.


Benefits of a Home Equity Line of Credit

A home equity line of credit, or HELOC, allows you to have access to cash to make purchases up to the value of the loan. HELOC’s are flexible: you can withdraw the money as you need it over a fixed amount of time. 

Use your funds for home improvements, debt consolidation, college tuition, and more.

Repayment schedules are flexible as well, but there is a minimum monthly payment, much like a credit card payment. Keep in mind that your home is the collateral for a HELOC, so you need to be in a position to make the payments.

Visit us at any location to speak with one of our experienced staff members.

Call us at 217-747-5500 or toll-free 877-771-2316.

1Annual Percentage Rate (APR) During the Introductory Period: The initial rate is not equal to the sum of the Prime rate and Margin, as described below. Therefore, your daily periodic rate and corresponding annual percentage rate will not change until the end of your special introductory period. At the end of the special introductory period, your daily periodic rate and corresponding annual percentage rate may change even if the Prime Rate has not changed. No other discounts are available during the Introductory Period.

2APR After the Introductory Period: After the Introductory Period ends, any and all remaining balances will automatically convert to the variable APR per the terms of the HELOC agreement. The variable APR is based on the Prime Rate plus a margin, and will vary with Prime. Your APR can change monthly. There is no limit on the amount by which the annual percentage rate can change during any one-year period. However, under no circumstances will your ANNUAL PERCENTAGE RATE exceed 28.50% per annum or, go below 5.00% per annum at any time during the term of the plan, nor will the Periodic Rate or corresponding APR exceed the maximum rate allowed by applicable law.

Sample APR and information provided assumes the purpose of the loan is to obtain a Home Equity Line of Credit on a single-family home. It also assumes that the loan amount (including all liens) to property value or CLTV ratio is 80% or less with a loan amount of more than $20,000.00, the property is located within INB’s Central Illinois market, and the loan closing will take place at an INB branch. Credit score is assumed to be 660 or better and the auto payment from an INB checking discount applied. APR may vary based on actual CLTV, property value, line amount and other factors. Property insurance is always required and flood insurance is required where necessary. Certain property types are not eligible collateral.

Your “Regular Payment” will equal the amount of your accrued FINANCE CHARGES. You will make 119 of these payments. You will then be required to pay the entire balance owing in a single balloon payment. If you make only the minimum payments, you will not repay any of the principal balance by the end of this payment stream. Your Credit Line Account is payable in full upon maturity in a single balloon payment. You must pay the entire outstanding principal, interest and any other charges then due. Unless otherwise required by applicable law, we are under no obligation to refinance the balloon payment at that time.

Your payments will be due monthly. Your “Minimum Payment” will be the Regular Payment, plus any amount past due and all other charges. An increase in the ANNUAL PERCENTAGE RATE may increase the amount of your Regular Payment. You agree to pay not less than the Minimum Payment on or before the due date.

The minimum line amount is generally $5,001.

You may incur certain fees to third parties such as appraisers, credit reporting firms, and government agencies. These third-party fees generally total between $0.00 and $1,221.10. Upon request, we will provide you with an itemization of the fees that have been paid to third parties. In addition, INB charges a $35 loan documentation fee.  INB does not charge these fees except on default or termination within 36 months of origination.

3A discount of 0.25% is available if you set up automatic payments (at account opening) and your monthly payment is automatically deducted from your INB checking account.

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Home equity assumptions (discount information plus disclosures and additional assumptions).