Home Equity Options

Get your house working for you

Bank of Bermuda's Home Equity Options gets the equity you have built in your home over time working for you today.

With a Home Equity Loan or a Home Equity Line of Credit, you can borrow up to 40% of the equity you have built in your home to:

Renovate your home;
Purchase a vacation property;
Travel the world.

Home Equity Loan

The Home Equity Loan is like a personal loan, but with a lower interest rate. Borrow a specific amount over $30,000 BMD, with the comfort of regular monthly payments.

Conveniently separated from your mortgage
Terms from one to 10 years
Variable interest rates

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Home Equity Line of Credit

The Home Equity Line of Credit works like a chequing account with a lot more overdraft and a lower interest rate. Establish a revolving line of credit of $30,000 or more to access funds at your convenience.

Terms from one to five years
Variable interest rates
Interest charged monthly, only on the amounts that you use
Principal payments can be made anytime

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This product and service is offered only in the jurisdiction of Bermuda by The Bank of Bermuda Limited and the material presented is not intended for use by persons located in or resident in other jurisdictions.