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

Whatever Your Cash Needs, We Can All Agree on One Thing. This home equity line of credit has great benefits. No closing costs. One-year rate lock, 1.99% APR*. 3.50% APR* variable thereafter.
APR is annual percentage rate. Limited time offer. Rates, terms and conditions effective as of 6/1/2016. Subject to credit approval. Property insurance required. The cost for insurance is the responsibility of the borrower and is excluded from the no closing cost promotion. Application must be received by 9/3/16 and the loan must close. Introductory discounted fixed rate in effect for the first 12 months. Thereafter, variable rate APR based on The Wall Street Journal Prime rate, currently 3.50% and is subject to change monthly. Minimum 3.50% APR and maximum 21% APR. The discounted fixed rate and no closing costs are available to qualified buyers with 700 credit score or higher, maximum loan to value of 90%, $10,000 new money, and owner-occupied residential properties only. Annual fee of $55 assessed after the first year. The term is 10 years of monthly interest only payments and 10 years of monthly principal and interest payments. Consult your tax advisor about deductibility of interest. Other restrictions may apply. See a loan officer for full details. JCB NMLS #738802. Member FDIC.