The Ouachita Valley Federal Credit Union is a home equity line of credit from Ouachita Valley Federal Credit Union. The ongoing APR is Home Equity Line of Credit 6.75% (as low as). The interest rate will vary based on the independent index which is the Wall Street Journal Prime Rate. The annual percentage rate can change semi-annually on the first day of January and July. The rate cannot increase or decrease more than 4.0 percentage points in any one year period. The maximum ANNUAL PERCENTAGE RATE that can apply is 12.% or the maximum permitted by law, whichever is less. However, under no circumstances will your ANNUAL PERCENTAGE RATE go below 4.0% at any time during the plan.. Typical credit limit: Loan up to $300,000. Loan terms: 5 year draw period. Minimum payment based on balance owed (1% or $100 – greater of the two).