All HELOCs
Online bankvariable APR FDIC
Ally BankHELOC
Ally HELOC
Ally's HELOC pairs a competitive intro rate with a true no-closing-cost structure.
8.50%
variable APR
Draw period
10 years
Repayment period
20 years
Closing costs
$0
Annual fee
$0
Min credit score
680
Max CLTV
80%
Min loan
$25,000
Max loan
$400,000
Pros and cons
Pros
- No closing costs
- No annual fee
- Fully online process
Cons
- Variable rate
- 80% CLTV cap is conservative