Great Home Equity Lines of Credit

Get a low, variable 4.50% APR* right now on Bank of Canton’s home equity lines of credit (HELOC). Whether you choose our standard line or our rate-capped line with 5 years of rate protection, you’ll enjoy:

  • No fees or closing costs
  • No initial draw requirement
  • Easy access to funds whenever you need them
  • Potential tax deduction on interest (ask your tax advisor)

Take the first step today – request a free home equity consultation:

Requesting a Home Equity Consultation

Learn more about your equity situation and borrowing options with our free consultation. We’ll contact you by your preferred method (phone or email) to review your goals and circumstances, and help you determine which home equity product is best for you. If you’d like to move forward with an application, we can start working on it right away over the phone – it’s that easy. Simply complete the short form to get started.


Bank of Canton’s home equity lines of credit (HELOC) give homeowners the ability to finance home improvements, education expenses, and other major purchases at a low, variable interest rate. There’s no “teaser rate” or short-term introductory offer. Instead, at Bank of Canton you’ll get a straight-forward rate, easy access to funds, and outstanding service and communication. And if you opt for our rate-capped home equity line of credit, you’ll also get five years of rate protection, too. More information >

*All loans subject to credit approval. Rates and terms subject to change without notice. Property insurance required. Flood insurance may be required. Consult tax advisor regarding deductibility of interest. Other rates, terms and programs available. Annual Percentage Rate (APR) is variable monthly based on the Prime Rate published in the Wall Street Journal on the 4th day of each calendar month (or, if the 4th day is not a business day, as published on the prior business day), effective the 5th day of the month. Prime Rate as of 03/04/20 is 4.25%. If more than one Prime Rate is published, the higher rate shall be used. For lines of credit, establishing automatic monthly payment deduction from a Bank of Canton consumer checking or savings account (“autopay”) at time of loan origination is required to receive 0.50% APR discount. If the account is closed or if autopay ceases, the APR could increase.
For Standard HELOCs: APR will be as low as Prime minus 0.50% (but never lower than 4.50%) with autopay, and Prime without autopay. Maximum APR is 18%. 1-4 family owner-occupied or second homes in MA are eligible. Maximum loan-to-value is 80%. Maximum line amount is $300,000.
For Rate-Capped HELOCs: APR will be as low as Prime minus 0.50% (but never lower than 4.50%) with autopay, and Prime without autopay. Maximum APR for first five years is 6.00% with autopay, and 6.50% without autopay. After five years, maximum APR becomes 18%. 1-4 family owner-occupied homes in MA not held in trust are eligible. Maximum loan-to-value is 75%. Maximum line amount is $350,000.


All Bank of Canton drive-ups, ATMs, and appointment-only lobbies remain open under the current stay-at-home advisory. More Information >>