Use your home's equity for your next big purchase!

It’s easy to envision where you want to go with a Home Equity Loan or Line of Credit from Quad City Bank & Trust. Access the equity you have in your home to pay for virtually ANYTHING - vehicles, weddings, remodeling projects, vacation, unexpected costs, or consolidating your debt. Unlike credit cards, the interest you pay on your Home Equity Loan may even be tax deductible.1

1You should consult your tax advisor concerning interest deductibility. 


Fixed Rate Home Equity Line of Credit3

Term Rate (as low as) APR (2) (as low as)
66M 7.49% 7.49%

A Home Equity Line of Credit offers flexibility as it allows you to borrow money as you need it using your home as collateral. Other benefits:

  • Pay no standard closing costs4
  • Ability to borrow up to available line of credit, as needed
  • Fixed rate is locked in for the full 66-month term
  • Interest-only monthly payments
  • Principal reduction payments may be made as often as you choose, with no prepayment penalty


2APR = Annual Percentage Rate. Rates offered as of October 11, 2023. Rates are subject to change without notice and may vary depending on credit qualifications and term of the loan. 3Subject to final credit approval. The maximum HELOC amount is 90% of the home’s value, including any existing liens. 4QCBT will pay all standard closing costs for our 66-month HELOC.  An example of an additional cost - if QCBT needs to order a property evaluation beyond our standard practice The minimum monthly loan payment required is an interest-only payment based on the outstanding principal balance of the line of credit. If this payment schedule is followed, the loan will not be paid in full at maturity, which is typically 66-months and a final balloon payment will be necessary to repay the debt. Principal reduction payments may be made as often as you choose, with no prepayment penalty. 


Variable Rate Home Equity Line of Credit3

Term Rate APR (2)
66M 8.50% 8.50%

A Home Equity Line of Credit offers flexibility as it allows you to borrow money as you need it using your home as collateral. Other benefits:

  • Pay no standard closing costs4
  • Ability to borrow up to available line of credit, as needed
  • Variable interest rate
  • Interest-only monthly payments
  • Principal reduction payments may be made as often as you choose, with no prepayment penalty


2APR = Annual Percentage Rate. Rates offered as of October 11, 2023. Rates are subject to change without notice. 3Subject to final credit approval. The maximum HELOC amount is 90% of the home’s value, including any existing liens. 4QCBT will pay all standard closing costs for our 66-month HELOC.  An example of an additional cost - if QCBT needs to order a property evaluation beyond our standard practice The minimum monthly loan payment required is an interest-only payment based on the outstanding principal balance of the line of credit. If this payment schedule is followed, the loan will not be paid in full at maturity, which is typically 66-months and a final balloon payment will be necessary to repay the debt. Principal reduction payments may be made as often as you choose, with no prepayment penalty. 


Home Equity Loan3

Term Rate (as low as) APR (2) (as low as)
12-66M 7.74% 8.25%
67-120M 8.29% 8.59%
180M Balloon 8.29% 8.51%

A Home Equity Loan offers reassurance as you can borrow a fixed amount with fixed terms, secured by the equity in your home. Other benefits:

  • Money is received in one lump sum
  • Fixed interest rate with a fixed term
  • Fixed monthly payment (principal and interest)
  • Principal reduction payments may be made as often as you choose, with no prepayment penalty

Payment example for borrowers with a credit score of 720 or higher: For a $20,000 loan, and a term of 66 months at 8.25% APR, the monthly payment will be $378.37

Payment example for borrowers with a credit score of 720 or higher: For a $20,000 loan, and a term of 120 months at 8.59% APR, the monthly payment will be $245.73

Payment example for borrowers with a credit score of 720 or higher: For a $20,000 loan, and a term of 60 months at 8.51% APR, the monthly payment will be $194.49

2APR = Annual Percentage Rate. Rates offered as of October 11, 2023. Rates are subject to change without notice and may vary depending on credit qualifications and term of the loan.Subject to final credit approval. The Maximum Home Equity Loan amount is 90% of the home’s value including any existing liens.


Apply online, by phone, or come to one of our convenient locations.

Please note: Quad City Bank & Trust originates loans in the following counties - Scott County, IA and Rock Island County, IL. If you reside outside of these counties, please contact Customer Care at 563.388.QCBT and ask to speak with a loan officer.