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Home Equity Line of Credit (HELOC)

Home Equity Line of Credit (HELOC)


Use the available equity in your home to consolidate high-interest debt, finance a home repair or remodel, and more. With a HELOC, you can draw against available credit, while continuing to make monthly payments and have peace of mind knowing that cash is available when you need it. Learn more about our competitive home equity loan rates.

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Benefits of a Home Equity Line of Credit

  • Competitive introductory Hawaii HELOC rates1
  • Fixed rate home equity line of credit loan options available
  • No down payment
  • No annual fee
  • Quick loan approval process
  • Easy automatic payments from your Central Pacific Bank Checking Account
  • No fees for owner-occupied property loans $400,000 or less2
  • We'll pay your early closing fees up to $500 to help you switch3
  • Take advantage of the equity in owning property in Hawaii

Fixed Rate Loan Option

If you prefer predictable monthly payments, request a Fixed Rate Loan Option. This allows you to lock in a fixed interest rate for a set amount of time to a portion of your HELOC balance, taken during the draw period. As you pay back your loan with competitive fixed rates, your HELOC line is replenished.

  • Promotional rates available for 10, 15, 25, and 30 years.  See rates below
  • No fee to enjoy the Fixed Rate Loan Option
  • Minimum draw for fixed rate is $10,000, up to your available credit limit


Let's Connect 

Fill out the form below and we will connect with a loan specialist to find the right home equity loan for you.


Introductory Fixed Rates
2-Year
1.25% APR1 For owner occupant with automatic payments from CPB personal Exceptional Checking Account4
3-Year
1.75% APR1 For owner occupant with automatic payments from CPB personal Exceptional Checking Account4
4-Year
 2.25% APR1 For owner occupant with automatic payments from CPB personal Exceptional Checking Account4
5-Year
2.75% APR1 For owner occupant with automatic payments from CPB personal Exceptional Checking Account4
Introductory Fixed Rates
2-Year
3-Year
4-Year
5-Year
Current Variable Rate
4.50% APR1 Based on a current index and margin as of 8/12/2021
Current Variable Rate
Fixed Rate Loan Option
10-Year
2.75% APR5
15-Year
3.00% APR5
25-Year
3.25% APR5
30-Year
3.50% APR5
Fixed Rate Loan Option
10-Year
15-Year
25-Year
30-Year
  1. Discounted Introductory Fixed Rates of 1.25%, 1.75%, 2.25% and 2.75% Annual Percentage Rate (APR) available as you may select for two, three, four or five years, respectively for approved applications received between 06/12/2021 - 12/10/2021 and must fund by 2/4/2022. After the initial fixed rate period, rates are variable and the APR is subject to change monthly based on the Prime Rate published in the Wall Street Journal, plus a margin; margin is based on your credit history and bank relationship. Undiscounted APR for Owner Occupant property is currently 4.50% as of 10/1/2021. Investor and Second Home margin is 0.50% higher. Discounted rate and margin is 0.50% higher for home equity lines of credit with maximum total loan-to-value of 90% and a qualified Central Pacific Bank first mortgage loan. Minimum APR after the fixed rate period will be 4.50%. Maximum APR is 18.00%. Discounted Fixed Rates require minimum monthly payment automatically debited from a Central Pacific Bank personal Exceptional Checking Account. After the introductory rate period, or if the automatic debit is cancelled or the personal Exceptional Checking Account is closed, the rate will change to a variable rate as described in the Important Terms of Our Home Equity Line of Credit; ask us for a copy. A Central Pacific Bank Home Equity Line of Credit account holder with an account opening date after January 17, 2011 (including both existing accounts and accounts closed within six months after the Bank received a new Home Equity Line of Credit application) that has already received a promotional rate is not eligible for this offer. Ask about our Introductory Fixed Rates for owner occupants with automatic payment from other CPB personal checking account types.
  2. Bank will cover cost of applicant(s) credit report(s) and closing costs (fees) for owner-occupied properties only when directly related to property securing the home equity line of credit; the covered fees are as follows: flood certification, title insurance, mortgage recording, release of third-party mortgage and Internal Property Evaluation.  If an Internal Property Evaluation is not available, customer may request a drive-by appraisal at a cost of $287.  Properties held in trust will be charged trust review fees of $110 per trust.  Requests over $400,000 will be charged for a full appraisal at a cost estimated between $650 and $2,000 and title insurance cost estimated between $1,900 and $4,700. Investor and Second Home properties subject to all closing costs (fees) estimated between $245 and $9,139. Account has a 10-year draw period (with interest only monthly payments) followed by a 20-year payment period (with principal plus interest payments). A prepayment penalty fee of $1,000 or 2.0% of the Original Credit Limit, whichever is lower, will be assessed if account is closed within the first three years. Loan must be secured by fee simple property located in Hawaii. Homeowner's and hurricane insurance required; flood insurance required if property is located in flood zone. Subject to credit approval.  Other restrictions may apply. Subject to change without notice.
  3. Receive a credit at loan closing (up to $500) to offset a third-party lender’s early closing fees when you make an initial advance on your new Home Equity Line of Credit account to pay off your existing home equity line balance of at least $10,000 with that third-party lender (payoffs less than $10,000 are not eligible for closing credit). Early closing fee must be assessed and identified by third-party lender through its payoff procedure to receive the credit at loan closing.  
  4. A minimum opening deposit and minimum balance may be required. 
  5. Effective 06/12/2021 - 12/10/2021  Rate subject to change without notice. Fixed Rate Loan Option minimum loan amount is $10,000. Ask us about our other Fixed Rate Loan Option Terms. 
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