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Home Equity Line of Credit

Use the equity in your home to take out a line of credit with a HELOC. Consolidate debt, make home repairs, and more. With a HELOC, secure the opportunity to draw against available credit while continuing to make monthly payments. Interest starts to accrue when the loan is initiated.

Home Equity Line of Credit
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Home Equity Line of Credit

Home Equity Line of Credit

  • No Down Payment
  • Fixed rate and variable rate options available
  • Choose your fixed rate terms
  • Quick loan approval process
  • Make automatic payments from your Central Pacific Bank Exceptional Checking Account
  • Minimum draw for fixed rate is $10,000, up to your available credit limit

Introductory Fixed Rates

2 Years

1.75% APR3

For owner occupant with automatic payments from CPB personal Exceptional Checking Account4

3 Years

2.50% APR3

For owner occupant with automatic payments from CPB personal Exceptional Checking Account4

4 Years

3.25% APR3

For owner occupant with automatic payments from CPB personal Exceptional Checking Account4

5 Years

3.50% APR3

For owner occupant with automatic payments from CPB personal Exceptional Checking Account4

Current Variable Rate


4.50% APR3

Based on a current index and margin as of 3/17/2020

Download Application

  1. You must pay certain fees to third parties such as appraisers, credit reporting firms, and government agencies. These third-party fees generally total between $110.00 and $9,139.00.
  2. 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.
  3. * Discounted Introductory Fixed Rates of 1.75%, 2.50%, 3.25% and 3.50% Annual Percentage Rate (APR) available as you may select for two, three, four or five years, respectively for approved applications received between 6/13/2020 – 8/14/2020 and must fund by 10/9/2020. 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 3/17/2020. 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% that simultaneously closes with a qualified Home Loans Division 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.
  4. ** Click here for more information regarding Exceptional Checking account requirements. For other terms, conditions and fees, please refer to the Deposit Account Agreement and Disclosure, and Rate and Fee Schedule for Exceptional Checking.
  5. †30-year fixed rate loan option term is only available at the time of account opening. Additionally, the 25-year fixed rate loan option term cannot exceed the maturity date at the end of the 20-year repayment period.
  6. *** Effective 7/11/2020 – 8/14/2020. 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.