Escape high-interest debt with Trovy HELOC

Escape high-interest debt with Trovy HELOC

6.49 - 15.14% Fixed APR¹
Up to $250,000 credit limit
Apply in 4 minutes and fund in 4 days²
2% cash back on home purchases, 1% on everything else¹⁰, and $0 draw fees on Trovy HELOC credit card purchases

Check Your Rate

Takes 2 minutes • No credit impact⁵

Why homeowners love the Trovy HELOC

Card-based access

Use your equity like a credit card, anywhere you need it
No upfront draw¹¹

Open your line and use it only when you're ready
Low interest rates

A fraction of credit card or personal loan rates
Minimal fees

No application, appraisal, or annual fees
Revolving credit

Draw, repay, and redraw as many times as you need
Fixed rates

Cash advances and balance transfers at fixed rates
Fast & digital

Apply in minutes, close in days, not months
White-glove service

Real people who understand HELOCs when you need help

Mortgage rates, with credit-card convenience.

Your HELOC comes with a Trovy HELOC credit card you can use anywhere Mastercard is accepted. In addition to the ability to withdraw cash or transfer balances, accessing your home equity is as easy as swiping a credit card.

Learn more about the Trovy HELOC credit card

Why you'll love the Trovy HELOC credit card

2% cash back on home purchases, 1% on everything else¹⁰
No draw fee when you use your card
Still only one monthly payment
No interest if you pay off your balance

Enjoy our white-glove service, at home.

As a Trovy customer, you'll have access to real people who understand HELOCs whenever you need it. No bank appointments required.

Get started

How to consolidate your debt with Trovy

1

Choose the debts you want to consolidate such as credit cards, personal loans, or auto loans.
2

Start your Trovy application online and see your HELOC rate in 2 minutes, with no credit impact.⁵
3

Complete your application & get approved in minutes.
4

Access funds as fast as 4 days and manage just one, potentially lower, monthly payment.

Check your rate

Takes 2 minutes • No credit impact⁵

Let's compare financing options

We did the math to compare different financing options for $30,000 of debt, assuming a 5-year repayment timeline, with average interest rates. Which would you choose?

Credit cards

24% APR

avg. interest rate

$863

monthly payment

Personal loan

15% APR

avg. interest rate

$714

monthly payment

Trovy HELOC

9% APR

avg. interest rate

$623

Monthly payment^*

Money saved with Trovy:

$14,000+

in interest payments

Comparison table assumes $30,000 borrowed for debt consolidation and all products assume a fixed monthly payment over a 5-year repayment term for comparison purposes.

*The Trovy HELOC monthly payment amount assumes a fixed rate at 9% APR. Savings estimate is calculated by subtracting the Trovy HELOC monthly payment amount from the credit card monthly payment amount and multiplying by 60. Savings estimate is provided for illustrative purposes only and actual savings may be lower.

Frequently asked questions

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What makes the Trovy HELOC special?

Trovy is the HELOC built for how you actually want to borrow, with an easy online application, flexible rates and flexible draws.

You don't have to draw it all at once, and it works like a credit card, allowing you to draw on it as needed.

When you take cash out or transfer a high-interest balance to your Trovy line, you pay a fixed rate of interest and choose the repayment term.

Trovy also gives you a Trovy HELOC credit card to access your line anytime, just like a credit card, wherever Mastercard is accepted. You'll pay no draw fees when you access your HELOC using the card, and you'll earn cashback rewards.

What is the Trovy HELOC credit card?

With your Trovy HELOC, you will receive a Trovy HELOC credit card that you can use to access your line of credit. You can use it anywhere Mastercard is accepted, giving you flexible access to your home equity funds when you need them. There are no draw fees when you use your Trovy HELOC credit card for purchases, and you get your HELOC rate of interest on a card, saving you money compared to a typical credit card.

What are the qualification requirements for the Trovy HELOC?

To qualify for the Trovy HELOC, you must meet certain eligibility requirements related to your home equity (max CLTV of 85%), credit score (minimum of 640 credit score), debt-to-income ratio (45%), and property. Trovy uses a streamlined process to assess your qualifications and provide instant decisions. Meeting these minimums doesn't guarantee approval, as we evaluate each application holistically based on your complete financial profile. Check how much you qualify for here. There's no impact on your credit score to check your rate.

How does Trovy determine the credit line size and interest rate?

Trovy's underwriting system is fully automated, and calculates offers based on an applicant's income, home equity, credit, and debt obligations.

How do I take cash out with the Trovy HELOC?

You can use your Trovy HELOC to request an ACH transfer to your bank account. It's fast, easy and 100% online. We do not offer checks to access your HELOC funds.

Does Trovy require an upfront draw?

Trovy does not require any upfront draw when you open your HELOC if your loan size is $100,000 or less. If you need more than $100,000, you must take an upfront draw in the form of a cash advance and/or balance transfer at closing in an amount that exceeds $100,000. So, if your line size is $150,000, you'll be required to draw $50,000 at closing. From there, you can use your HELOC whenever you need it.