Use the available equity in your home to consolidate high-interest debt⁷, finance a home repair or remodel, and more. With a HELOC⁴, you can draw against available credit, while continuing to make monthly payments and have peace of mind knowing that cash is available when you need it.

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1. Discounted Introductory Fixed Rates of 5.65%, 5.69%, 6.05%, 6.10%, 6.15% Annual Percentage Rate (APR) are current as of 2/1/2025 and may change. After the initial fixed rate period, rates are variable and the APR is subject to change monthly based on the Prime Rate published in the Wall Street Journal, plus a margin; margin is based on your credit history and bank relationship. Undiscounted APR for Owner Occupant property is currently 8.50% as of 2/24/2025. Investor and Second Home margin is 0.50% higher. Discounted rate and margin is 0.50% higher for home equity lines of credit with maximum total loan-to-value of 90% and a qualified Central Pacific Bank first mortgage loan. Minimum APR after the fixed rate period will be 4.50%. Maximum APR is 18.00%. Discounted Fixed Rates require minimum monthly payment automatically debited from a Central Pacific Bank personal Exceptional Checking Account. After the introductory rate period, or if the automatic debit is cancelled or the personal Exceptional Checking Account is closed, the rate will change to a variable rate as described in the Important Terms of Our Home Equity Line of Credit; ask us for a copy. There is a $50 annual fee. Annual Fee may be waived if you have Exceptional Checking or Exceptional Choice Checking. Ownership of both deposit and line accounts have to be the same. A Central Pacific Bank Home Equity Line of Credit account holder with an account opening date after January 17, 2011 (including both existing accounts and accounts closed within six months after the Bank received a new Home Equity Line of Credit application) that has already received a promotional rate is not eligible for this offer. Ask about our Introductory Fixed Rates for owner occupants with automatic payment from other CPB personal checking account types.

2. Receive a credit at loan closing (up to $500) to offset a third-party lender’s early closing fees when you make an initial advance on your new Home Equity Line of Credit account to pay off your existing home equity line balance of at least $10,000 with that third-party lender (payoffs less than $10,000 are not eligible for closing credit). Early closing fee must be assessed and identified by third-party lender through its payoff procedure to receive the credit at loan closing.

3. Bank will cover cost of applicant(s) credit report(s) and closing costs (fees) for owner-occupied properties only when directly related to property securing the home equity line of credit; the covered fees are as follows: flood certification, title insurance (for requests up to $400,000 the Bank covers cost up to $250, which usually covers the fee), mortgage recording, release of third-party mortgage and Internal Property Evaluation. If an Internal Property Evaluation is not available, an Appraisal - Interior or Exterior - will be required at the applicant's expense, estimated between $650 and $2,000. Properties held in trust will be charged trust review fees of $110 per trust. Requests over $400,000 will be charged for a full appraisal at a cost estimated between $650 and $2,000 and title insurance cost estimated between $2,350 and $5,200. Investor and Second Home properties subject to all closing costs (fees) estimated between $245 and $9,639. Account has a 10-year draw period (with interest only monthly payments) followed by a 20-year payment period (with principal plus interest payments). A prepayment penalty fee of $1,000 or 2.0% of the Original Credit Limit, whichever is lower, will be assessed if account is closed within the first three years. Loan must be secured by fee simple property located in Hawaii. Homeowner's and hurricane insurance required; flood insurance required if property is located in flood zone. Subject to credit approval. Other restrictions may apply. Subject to change without notice.

4. Home Equity Lines of Credit available up to $1,000,000 with appraisal (over $400,000) and income verification. No income verification is required for HELOC Express up to $75,000, income documentation may be requested at the underwriter’s discretion. The property securing the HELOC may not be any of the following: Condo hotels (“Condotel”), Mixed use property, Time share units, Vacant land, Lodging Units, Co-op Units, Deed restricted properties with buy back restrictions or shared appreciation, Land-locked properties, Properties currently under construction, Lava zone 1 properties, leasehold properties, units in condominiums without sufficient hurricane insurance coverage. Must meet minimum credit score requirement, no derogatory credit, satisfactory payments on first mortgage. Property is sufficiently insured, CPB HELOC must be in 1st or 2nd lien position, and borrowers must be on the title of the property.

5. Available to those with a 1st lien position. Those with a 2nd lien position must be behind a first CPB mortgage. Open to owner-occupied and investor/second home properties. Income verification may be waived.

6. A minimum opening deposit and minimum balance may be required.

7. Consolidating high-interest debt into a single monthly payment may not reduce or pay off your debt sooner in all cases. If the monthly payment on your CPB Business Express Term Loan is lower than the consolidated high interest debt, it may be due to a lower interest rate on your loan, a longer loan period or a combination of both.