Home Equity Line of Credit — Citizens Bank, N.A. is a home equity line of credit from Citizens Bank, N.A.. Application typically pulls a credit report from Equifax. The annual fee is $0 first year, then $50/yr during draw period; waived with Citizens Private Client, Private Bank or Quest Checking. The ongoing APR is variable, Prime-based; max 21%, min 2.50% (current 'as low as' rate not rendered in static HTML). Typical credit limit: $17,500 - $2,000,000. Loan terms: 10-year draw period. Soft-pull pre-qualification is available — no hard inquiry to check approval odds.