Individuals with bad credit can get a home equity loan from most of the banks. But the terms may not be favourable to you as you have a bad credit. You can get up to 70 to 80% of the loan to the value of your home. The interest rate may be slightly higher for you with bad credit.

You can also take some time to improve your credit score and apply for home equity loan. This can get you good offers from the lenders.