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    Kankakee, IL

    (815) 936-7600

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    333 E. Court Street
    Kankakee, IL 60901

    Phone: (815) 936-7600
    Fax: (815) 932-5009

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Need cash? Then you need FlexLine!

Home Loans FlexLine Home Equity Lines of Credit

What is FlexLine?

FlexLine is the easy way to finance your life, your way by turning the equity in your home into cash. There's never been a better time to get a FlexLine!  The benefits include: 

  • 0% APR for 90 days, then variable rate of 7.40% or lower*
  • NO PAYMENTS for 3 billing cycles*

How you use FlexLine is completely up to you.

  • Draw from your FlexLine when you need it - just write a check
  • Only repay what you use
  • Interest may be tax deductible (consult your tax advisor)
  • Use the cash for home remodeling, college tuition, vacation plans, new vehicle or motorcycle, wedding expenses, or just about anything

Want to learn more or get an application started? Connect with a lender today!


Apply Now 

Just a reminder that email is not a secure method of data transfer.  Personal and confidential information should not be sent via email.  Please contact Peoples Bank of Kankakee County if you need to provide confidential information. 


You may read  What You Should Know About Home Equity Lines of Credit (HELOC) from the Consumer Financial Protection Bureau, helping you understand your options when borrowing against the equity in your home.



*Introductory rate of 0% Annual Percentage Rate (APR) is fixed for the first 90 days. After 90 days, the following variable rates would apply: 6.45% APR for line limits of $100,000 or more; 6.95% APR for line limits of $50,000 to $99,999; and 7.40% APR for line limits of $25,000 to $49,999. The floor is 3.75% APR with a ceiling of 18% APR. The APR will vary based on the U.S. Prime Rate as published in the Wall Street Journal +/- a margin. The margin is based on your total line limit. As of December 15, 2022, the Prime Rate was 7.50%. The minimum line of credit to receive the introductory rate and qualify for no closing costs is $25,000. HELOC must be new money to the bank. For requests under $25,000, other HELOC options are available. Collateral cannot be classified as a manufactured or mobile home. Owner-occupied primary residence only. Homeowners insurance is required. Minimum payment may result in a balloon payment at maturity. Rates and APRs are subject to change without notice. Subject to credit approval. We reserve the right to discontinue this offer at any time.  Other terms and conditions may apply.  Please call for details.