Regions Loan in a Line (LNL)

Home Equity

A Home Equity Line of Credit feature

Loan in a Line allows you to convert all or a portion of your outstanding (variable rate) balance to a fixed rate with a fixed term, offering:

Peace of mind and stability – unlike a variable rate that can fluctuate, you'll always know what your rate and payment will be
Savings – when you lock in a low rate, you can potentially save money over time if rates increase
Flexibility – you can choose to lock in all or a portion of your balance. As you pay down your Loan in a Line balance, the difference becomes available again as funds that can be “re-borrowed” under your home equity line of credit variable rate

Loan in a Line (LNL)	All States* (Except Texas)	Texas Only
Product Features	Allows you the option to lock in all or a portion of your Home Equity Line of Credit balance into a fixed rate and fixed term. You may have up to 10 locks at any given time.
Term	3, 5, 7, 10 or 15 years; not to exceed remaining term on the Equity Line ^{legal disclaimer number1}	3, 5 or 7 years; not to exceed remaining term on the Equity Line ^{legal disclaimer number1}
Loan Amount	$5,000 up to outstanding line balance
Repayment	Fixed payments to repay LNL balance over the LNL term Monthly payment for each LNL is added to the minimum payment due on the remaining balance for the total monthly payment on the account
Annual Percentage Rate (APR)	Promotional APRs range as low as 3.75% up to 5.875% - Rates are based on lien position of the Home Equity Line and LNL term. Standard LNL rate equals to the Margin provided in the EssentiaLine Credit Agreement + Your Current EssentiaLine Variable APR. ^{legal disclaimer number2}
Automatic Payment Option	Yes
Conversion Fee	$100; waived if request form submitted within the first 30 days after account opening
Late Fee	Late fee: 5% of payment amount ($29 minimum, $100 maximum)
*Applies to states where Regions has branch offices

Intro Rate: 0.99% intro annual percentage rate (APR) applies to new transactions, except those made to cover overdrafts, for your first six (6) billing cycles (although your first billing cycle may be shorter than normal). Intro rate discontinued for Payment Default or for balances converted to a fixed rate using the "Conversion Option." No other discounts apply to the intro rate. Subject to credit approval, documentation, collateral, and other requirements. The intro rate promotion may end at any time without notice. After Intro: After the intro rate period ends, all remaining balances will convert to the variable periodic rate and corresponding APR per the credit agreement, which is based on the Wall Street Journal prime rate (3.25% as of 3/17/2020), plus a margin. Your APR will never be more than 18% or less than 3.75% or increase or decrease by more than 5.00 percentage points annually. Your APR will be based on several factors, including your credit history, credit score, loan-to-value ratio, property type, loan amount and lien status. Ask a Regions Banker about potential post-intro rate discounts.

Home Equity Loan Annual Percentage Rates (APRs) currently range from 3.25% - 11.625%, depending on several factors, including occupancy type, lien position, credit score/history, LTV ratio, loan term, and whether any discounts apply. Repayment Example 1: $50,000 loan, 7-year term, with Automatic Payment discount, 3.00% APR, 84 monthly payments of $660.67. Repayment Example 2: $50,000 loan, 15-year term, with Automatic Payment discount, 11.375% APR, 180 monthly payments of $580.13. These payments do not include taxes and insurance premiums. Actual payments may be greater if property insurance (including flood insurance if applicable) is required. Other discounts based upon your other Regions relationships may apply.