Home Equity Loan

Predictable and Stable

If you have a particular need in mind—a home improvement project, debt consolidation or a major purchase—our Home Equity Fixed Rate Loan is a perfect solution for you. You get the convenience and low interest rate of home equity financing with the predictability of regular monthly payments.

Benefits Designed for You

With the Chevy Chase Bank Fixed Home Equity Loan, you can rely on making fixed monthly installment payments, and it comes with these great benefits:

  • No application fee - Our easy application can be completed by phone or at any branch.
  • 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 to 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 151-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.

Complete a Home Equity Fixed Rate Loan application2 today, call 301-987-BANK or 1-800-987-BANK (out of area), or stop by the Chevy Chase Bank branch nearest you.

1 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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Also of Interest:

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