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Home Equity Loans

Turn your home's equity into cash with a Home Equity Loan from BankFive.

Whether you’re looking to make a large purchase, start a home renovation or remodeling project, or consolidate your debt, a BankFive Home Equity Loan can help. Our Home Equity Loans provide you with funds in a lump sum, based on the equity available in your Massachusetts or Rhode Island home. Let us help you get the financing you need at a competitive rate today.

Your big plans require smart financing:

  • Use for home improvements, debt consolidation or any large expense
  • Fixed rates, so your monthly payments won't change
  • Interest is potentially tax-deductible (consult your tax advisor)
  • Available equity is determined by a house appraisal
Special HELOC Offer

2.99% APR* Introductory rate for 12 months from date of funding. Wall Street Journal Prime Rate on a monthly float thereafter until maturity with a Floor of 3.25% APR*
Learn More
July 22
My Experience with Bank5
I have a HELOC with Bank5. Since I have dealt with Bank5 I have had nothing but positive results. I especially want to commend Ismael Tavares, the Acushnet Ave bank manager. He has been outstanding from the beginning of the loan process to the present as he still contacts me to check and see if I have any issues. He is a credit to Bank5 and as a customer I am not just satisfied, I am delighted!
May 01
Great bank to work with
Great bank to work with
February 12
Great Experience
Everyone that I had worked with at BankFive was wonderful in every way possible
December 27
Amazingly efficient and professional
Amazingly efficient and professional. Great service and rates!
August 20
Home Equity Loan
Stephanie was great. Got it done and got it done quickly.
June 28
I dealt with Ismael Tavares in getting…
I dealt with Ismael Tavares in getting a HELOC. He was awesome. Everything went smoothly and quickly. He is unquestionably an asset to Bank5
February 19
Friendly and great loan rates
I found them while looking for a Mass Save loan for a new furnace, and ended up refinancing a HELOC too. Both transactions we're incredibly smooth and hassle free. Everyone was a pleasure to work with and the rates are great too!
November 22
My first experience with Bank5 was with…
My first experience with Bank5 was with a no-interest HEAT Loan sponsored by MASSAVE and the Utilities companies in Massachusetts. The online application process was simple and straightforward with a minimum of unnecessary paperwork. Turnaround was fairly quick. I've since applied for a HELOC to replace my existing one with another bank and, while it's more complicated because of the nature of it, has been fairly straightforward also. Everyone treated me as a valued customer right from the start.
September 10
We love the service provided to us by …
We love the service provided to us by BankFive!! In the many years we have entrusted them with our banking they continually go above and beyond!! We love our local bank!!
June 21
Couldn't ask for better service
Couldn't ask for better service. Thank you
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Homeowner Resources
Review our home energy loan products, check rates, or learn more about refinancing.