If you've got a particular need in mind - a home improvement project, debt consolidation, or a major purchase - our Home Equity Fixed-Rate Loan is a good bet. You get the convenience and low interest rate of home equity financing, plus the predictability of regular fixed monthly installment payments.
A Chevy Chase Bank fixed-rate home equity loan offers these great benefits:
- No application fee - Our easy application can be completed by phone or at any
branch, with credit approval in as little as 15 minutes.
- Low interest rates - Well below those for other revolving accounts like
credit cards. Interest payments are usually tax deductible (consult your tax advisor).
- Discount with automatic payment - You can reduce the interest rate by 1/2% when you
have monthly payments deducted automatically from your Chevy Chase Bank checking account.
- Deeper discount for Platinum Banking Package customers - Reduce your Home Equity Loan
interest rate by 3/4% when you have monthly payments deducted automatically from your Platinum Banking
Package checking account.
- Close at home - Choose where and when to settle your loan - at your home
or office, or at a Chevy Chase Bank branch location.
- Flexible payment schedules - Choose from 5-, 10- and 15*-year terms.
- Easy account access - Link your Home Equity Loan to your Chevy Chase Check or ATM Card and
enjoy 24/7 access for account information and payments via Chevy Chase Online Banking, Telephone Banking,
and Chevy Chase Bank ATMs.
- Banking Package benefits - Include your Home Equity Loan in your
Platinum Banking Package or
Silver Banking Package to
earn a host of free and discounted services, preferred rates, and the ultimate
convenience of a consolidated monthly statement. Plus, your Home Equity Loan outstanding balance can help
you qualify for monthly Banking Package fee waivers.
To find out how much you may qualify for, use our home equity calculator.
See how easy it is to apply
Complete a
Home Equity Fixed Rate Loan application today, call 301-987-BANK or 1-800-987-BANK
(out of area), or stop by the Chevy Chase Bank branch
nearest you.
* Home Equity Fixed Rate Loan - Example of payment terms: A 15-year loan
of $50,000 at an APR of 8.50% would result in 180 monthly payments of
$492.37. Other product restrictions may apply.
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Home Equity