If you have big plans or a project coming soon, you're probably consolidating some funds to run them. Whether you're planning to put up a new roof, pay your college loans or plan for retirement, a home bank equity loan will offer you great flexibility and open more possibilities than you could have imagined.  What is a Home Equity Bank Loan? A home equity bank loan is a type of loan that allows you to borrow money based on the amount of equity in your home.