FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Need money for home repairs, debt consolidation or another large purchase? Utilizing the equity in your home via a Home Equity Line of Credit may be an excellent option for you. A Home Equity Line of Credit is secured by a primary or junior lien on your home and can be used as a revolving source of funds to draw against for your ongoing needs.
Need help paying your home loan? Visit our Home Loan Repayment Assistance page for options.
A Home Equity Line of Credit is secured by a primary or junior lien on your home and can be used as a revolving source of funds to draw against for your ongoing needs. During your draw period you are able to borrow funds at a variable interest rate, repay them and borrow again. At the end of the draw period, your outstanding balance will be converted to a term loan with a variable rate and payment amount during the length of your repayment period.
One of the great things about a Home Equity Line of Credit is that you can utilize the line whenever you need access to funds. Whether it is for remodeling your home, buying a second home, paying for college tuition or any other large purchase you may have, the line is available for you to use whenever necessary.
Interest rates on Home Equity Lines of Credit are often lower than many credit cards and personal loan rates, and NBT Bank offers no annual fee. Payment terms can be customized to fit your needs with options of either interest-only payments or principal plus interest payments during the draw period. Principal and interest payments will be required after the draw period ends. You can also receive an interest rate reduction when you choose automatic payment from your NBT checking or money market account.
This link will take you from NBT Bank's website to a third-party location that
is not controlled by NBT Bank. Please note that this new site may have a different
policy on privacy, cookies, data collection and other user issues. NBT Bank does not
monitor content on third-party websites and does not endorse and is not responsible
for the content, guarantees, privacy policy, security, and products and services that
are offered or expressed on them.
Are you sure you want to continue?
It appears that the version of Internet Explorer you are using to view this site is no longer supported by our website. At NBT Bank we value your security and strive to deliver the highest quality online experience. To ensure the best and most secure performance we recommend upgrading to the latest version of Microsoft Edge, Mozilla Firefox or Google Chrome.
Please visit Microsoft.com, Google.com, or Mozilla.org to download the current version(s).
If you have any questions or need any assistance please contact Customer Service at 1-800-NBT-BANK.
