Home Equity Loans

Home Equity Loans

You don't have to wait until you sell to realize some of the value you already have in your home. A home equity loan or line of credit allows you to borrow against the equity you've already built, and the interest may be tax deductible.*


With no annual fees and no upfront closing costs, a home equity loan is an affordable way to borrow when you need extra cash for home improvements, a major purchase or a special occasion.

Home Equity Loans
  • Competitive fixed rates
  • Borrow up to 80% of the equity in your home
  • Interest may be tax deductible*
  • Receive a single, lump-sum payment to use as you need


*All Salal loans are subject to credit approval. Consult your tax advisor about the possibility of tax deductions.


See our current rates here.

Home Equity Line of Credit

With a home equity line of credit (HELOC), you may be able to borrow up to 80% of your home's equity. HELOCs have variable rates and allow you to draw up to the amount available on your line as you need the cash, rather than receiving the money all at once; up to the amount available on your line. Salal offers two convenient HELOC options:


  • The Online Access HELOC makes it possible to manage your money easily and safely through online banking.
  • With the Visa┬« Access HELOC, you can borrow by using your Visa Equity card just as you would a credit card, only with a much lower rate of interest. And of course, you get all the benefits of carrying a Visa:
  • Worldwide acceptance
  • No cash advance fees
  • Zero liability lost/stolen card reporting
  • Travel and car rental insurance
  • Much, much more

*All Salal loans are subject to credit approval. Consult your tax advisor about the possibility of tax deductions.


See our current rates here.

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