Home Equity Line of Credit

Introduction

Product features

Transform your real estate into flexible financing

If you haven't use your real estate as collateral for a loan, you can fully transform it into a flexible fund that you can borrow and repay at any time.

Repay the principal to reduce interest and flexibly utilize funds

You can combine home equity line of credit with a conventional mortgage, transform the repayments on the principal of the conventional mortgage into the line of credit.

Low cost of capital

You'll pay daily calculated interest only on the amount you use, with no handling fee for accessing the line of credit.

Convenient acess

Acess your funds at any time using an ATM card, Internet banking, WebATM, or at the counter.

FAQ

What is a home equity line of credit?

Home equity line of credit is a type of loan that transform your real estate into flexible financing. Unlike conventional mortgage, the repayments on the principal of the conventional mortgage transform into the line of credit (including the amount of principal repaid each month and early repayments of the principal). Customers can acess the line of credtit at any time, while interest is accrued on a daily basis. Besides, customers can also place orders with E.SUN Securities or purchase the Bank's investment products, providing customers with one-stop shopping for all the services they need.

How to acess your home equity line of credit?

The acess to your funds is extremely convenient. You can choose from the following methods:

Passbook, withdrawal slip: As long as the account has not reached the credit limit, then you can use the passbook to withdraw cash from any branch.
IC ATM Card: The IC ATM card can be used for withdrawals and transfers at any ATM in the country.
Checking deposit overdraft loans: The borrower must issue a check of the designated checking account for drawdown.
Internet banking: Use the Bank's Internet banking for transfers.
WebATM：Use IC ATM card and card reader on the Bank's WebATM for transfers.

Product description

Loan amount	starting at 2.93%~3.42% p.a.Explanation Mortgage loan interest rate = Adjustable Rate for Consumer Loans + Fixed Rate For example, The floating rate of mortgages 1.68%=0.80%+0.88%, when the adjustable rate for consumer loans is adjusted to 1.45%, the interest rate of mortgage loans will become 1.45%+0.88%=2.33%
Loan period	20 years in principle
Fees	Working capital loan, NT$8,000 each
Penalty for early payment settlement	The Bank provides two options "Pay off at any time" and "Restricted repayment period." ※For "restricted payment period," the fee rate decreases over time.
Description of loan interest calculation	Interest is accrued on a daily basis. Explanation Interest expense = Drawdown balance * (Interest rate per annum/365) * Drawdown period For example, A drawdown of $100,000 dollars at 2.5% per annum for 10 days need to pay the interest of about $68 dollars. Formula: Interest expense = Drawdown balance ($100,000) * Interest rate per annum (2.5%)/ 365 * Drawdown period (10 days)
Applicant	Customers who have reached the age of 18 and have a normal credit history

Notes

The bank has not engaged any agencies for the sale of loan products. Please be wary if anyone claims to be so.
The use of illegal or unauthorized links to this website for Internet marketing is prohibited.
The Bank reserves the right to approve or reject loan applications, and the right to determine the final loan amount, interest rate, and lending terms. Please see our latest announcement.
Real estate mortgage loans shall be handled in accordance with the Regulations Governing Real Estate Mortgage Loan by Financial Institutions.
The Bank has formed a strategic alliance with Sinyi Realty Inc. and other well-known realtors for its mortgage business.

Loan process

Step1 Application

Select a suitable mortgage product based on individual or family financial needs. Submit your mortgage application online or at the branch counter.

Online Application

Step2 Documents upload

Documents can be uploaded to the online Progress Inquiry/Upload Document platform or provide authorization through My Data.
You can check the application progress online.

Progress Inquiry/Upload Documents

Example of financial statement

Step3 Contract signing

On the day when the contract is signed, the specialist will help the borrower go through the account opening procedures, which will be used as an account for future allocations and payments.
Existing mortgage customers in E.SUN can sign a contract online if they meet certain conditions to increase their original loan limit.

Online contract signing

Step4 Receive funds

Before disbursing a mortgage, the bank will help the customer confirm whether the real estate is insured for residential fire and earthquake insurance. After the agent notifies the bank of the confirmed delivery time, a dedicated person will confirm the disbursement with the customer by phone on the day of disbursement.