Home Equity Loans

JCB offers two types of Home Equity Loans:
Home Equity Cashline and Home Equity Installment

To determine the equity available in your home, simply take 90% of the market value of your home and then subtract what you currently owe.

Home Equity Cashline

  • A great resource for those home remodeling projects, educational expenses, small business cash flow needs or as backup for those unexpected life events.
  • How it works...
    The Cashline is set up with a credit limit that is based on the equity available in your home and credit qualifications.
  • Once the credit limit is established, you may advance funds as needed up to your approved credit limit.
  • Payments are a percentage of the outstanding principal balance and may be auto deducted from a JCB deposit account.
  • The Cashline offers a variable rate of interest, which adjusts with the Wall Street Journal prime rate.
  • Because the loan is secured by real estate, you may also be eligible for tax benefits. (Please consult your tax advisor for additional information.)

Home Equity Installment

  • A great resource when you know the amount of funds needed up front, like a new roof, a room addition or consolidating debt.
  • Allows repayment of funds at a fixed rate of interest over a period of 10 years or less with monthly scheduled payments.
  • Payments can even be auto-deducted from a JCB deposit account.
  • Since the loan is secured by real estate, you may be eligible for tax benefits too. (Please consult your tax advisor for additional information.)


Lending to qualified borrowers residing in Jackson, Lawrence, Jennings, Bartholomew and contiguous counties in Indiana

Limited time offer. Rates, terms and conditions effective as of 6/1/2015 and subject to change without notice. Subject to credit approval. Applications must be received between July 1, 2015 - September 30, 2015. The introductory promotional 2.49% annual percentage rate (APR) will be fixed for the first 12 months from the time you close the loan. After the first 12 months, the variable APR will adjust to the Prime Rate (index) published in Wall Street Journal (currently 3.25%) plus a margin of 0.24%. The rate is subject to change every three months thereafter to reflect any change in the index. The APR will never be lower than 3.49% or higher than 21%. Introductory rate available to qualified borrowers on primary residences with a 700 credit score or higher and a maximum loan-to-value ratio of 90%. Annual maintenance fee of $55 assessed after first year. Closing costs up to $600 (includes $85 origination fee) to be paid by borrower and may be financed. $5,000 minimum credit limit required. Other restrictions may apply; see a loan officer for details.