Home equity loan

Convert the equity in your house into the cash you need now, with a predictable monthly repayment schedule. You’ll get a lump sum and can use the money for almost anything you want.

Benefits

  • Amounts start at $25,000
  • Funding available up to $500,000 in CT & RI and $750,000 in MA and NY
  • The security of a fixed-interest rate
  • Get the full amount all at once
  • No closing costs
  • Terms from 5 to 30 years 

Popular uses

  • Home improvement
  • Debt consolidation
  • College tuition
  • Medical or dental expenses
  • Vehicle financing

 

CT 5-year APR¹

$25,000

4.615%

$467.38/month

$50,000

4.115%

$923.42/month

$100,000

4.115%

$1,846.85/month

$250,000

4.115%

$4,617.12/month

CT 10-year APR¹

$25,000

5.240%

$268.11/month

$50,000

4.740%

$524.00/month

$100,000

4.740%

$1,047.99/month

$250,000

4.740%

$2,619.98/month

CT 15-year APR¹

$25,000

5.365%

$202.48/month

$50,000

4.865%

$391.89/month

$100,000

4.865%

$783.78/month

$250,000

4.865%

$1,959.45/month

CT 20-year APR¹

$25,000

5.740%

$175.38/month

$50,000

5.240%

$336.64/month

$100,000

5.240%

$673.29/month

$250,000

5.240%

$1,683.21/month

CT 30-year APR¹

$25,000

5.990%

$149.73/month

$50,000

5.490%

$283.58/month

$100,000

5.490%

$567.16/month

$250,000

5.490%

$1,417.90/month

Frequently Asked Questions Frequently Asked Questions

Disclosures

Home Equity Loan: No closing costs on loan amounts up to $500,000 in all states that are secured by 1-4 family, owner-occupied residences. Loans greater than $250,000 may be subject to asset verification. There are no fees or costs retained by Webster Bank, but for certain loans a Structural Engineering Assessment Report or Transfer Tax may be required and the borrower would be required to pay for this as part of the loan process. Hazard insurance is required. Flood insurance is required, if applicable. Quoted rate includes discounts for Automated Clearing House (ACH) payments from a Webster personal checking account, Premier Checking, and First Lien. Other discounts may include Bank at Work and/or Military. Offers may not be combined with any other promotional offer. This offer is subject to change without notice. All loans are subject to credit approval. Please see a Webster banker for details.

View Webster Bank's General Parameters for Consumer Lending Products.

¹The displayed rates apply to CT only. All MA & RI rates are .25% lower than CT; NY rates are .25% higher than CT.