• Home
    • Personal
    • Business
    • Loans
    • Savings
    • Other Services
    • About Us

Home Equity Line of Credit

We can help you meet your housing goals!

Put your house to work for you! Use a Northwest Home Equity Line of Credit* to purchase a new auto, fund home improvement projects or even go back to school! The possibilities are endless. Take advantage of the equity you've built up in your home-- you've worked hard for it! Benefits of these loans include:

  • Rates as low as 3.00% APR*
  • No closing costs
  • Two great repayment options, including interest-only up to 10 years
  • You receive checks and a MasterCard for convenience

 At Northwest Georgia Bank, we’re all about local relationships. Please stop by a branch nearest you or contact us to learn how we can help you meet your housing goals.

 Apply Online


*3.00% APR: Annual Percentage Rate. Subject to credit approval. Not available for purchase transactions. $10,000 minimum loan amount. The annual percentage rate (APR) may vary monthly and will never be greater than 21% or the maximum allowed by applicable law. Evidence of property and flood insurance, if applicable, is required. Based on a current APR of 3%, if you make only the minimum payment, a balloon payment will result. If you made monthly payments of interest only on a credit advance of $10,000 and took no other credit advances at an APR of 3.00%, you would make 119 payments varying between $25.48 and $23.01 and a final payment of $10,025.48. If you made only the minimum monthly payment and took no other credit advances, it would take 15 years to pay off a credit advance of $10,000.00 at an Annual Percentage Rate of 3.00%. During that period, you would make 60 payments varying between $25.48 and $23.01 followed by 119 payments varying between $174.66 and $10.00 (minimum payment), with a final payment of $1,659.65. A prepayment penalty equal to the closing fees paid by us on your behalf will apply if you terminate the line within 3 years of opening the line and are estimated to be between $500 and $2,000. Accurate as of February 2014. Member FDIC.