Personal Loans & Lines of Credit, personal credit, personal credit loans

Personal Lines of Credit

Access cash when you need it most. At SunTrust, that’s our goal in offering solutions for personal loans and lines of credit. Whether purchasing real estate, consolidating debt or facing unexpected expenses, we have a loan or line of credit option that may meet your financial needs.

Which Credit Line is Right for You?

A SunTrust Credit Line is a low-interest borrowing option that avoids liquidating your savings and investment funds and does not require you to use your home as collateral. A Credit Line is a convenient alternative to a home equity line or credit card. You can choose from three credit line options, each with available interest rate reduction of 0.25%1.

Credit Line Options Personal Credit Line (PCL) Personal Credit Line Plus (PCL+) Select Credit Line
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Why would I use it? In need of $5,000-$25,000 with no collateral required In need of $25,000-$250,000 with no collateral required2 In need of $25,000 to $750,000; collateral required3
What benefits does the credit line provide? Access to funds without opening a credit card account; pay off high-interest-rate balances; pay for unexpected expenses Alternative to home equity line or credit card; higher credit limit, lower interest rate than many credit cards; interest-only payments4 Lower interest rate for line secured with savings or investments; avoid liquidating your savings; minimum interest-only payments4
What is the interest rate? Variable rate; lower than many credit card rates Variable rate; lower than many credit card rates Variable rate; comparable to an equity line rate
What fees are associated with the credit line? No application or cash advance fees; $25 annual fee5 No application, cash advance or annual fees5 No application, cash advance or annual fees5
What is the line maturity? Revolving credit line with no maturity Revolving credit line with access to funds up to four years6 Revolving credit line with access to funds up to four years6
Disclaimers

10.25% interest rate reduction off the standard rate of a consumer line of credit is available if the payment is automatically deducted from a SunTrust checking, savings, or money market account using SurePaySM; All line discounts are subject to change. Relationship pricing discounts are not available on existing consumer loans or lines of credit. Relationship pricing discounts may not be applicable for all products. Consult your banker for details.

2To qualify for this line, $100,000 or more in verifiable eligible investable assets held with SunTrust Bank or other financial institutions are required.

3To qualify for this line, $100,000 or more in eligible investable assets held with SunTrust Bank are required as collateral. Client may choose only one eligible SunTrust account as collateral. Collateral must be held in individual name(s) or in the name of an approved trust. Collateral cannot be held in partnerships, corporations or LLCs.

4Making only the minimum payment due each due date will not reduce your principal balance on this line.

5Personal Credit Line rates will vary with the market based on the Prime Rate. The Prime Rate means the highest per annum "Prime Rate" of interest published by The Wall Street Journal in its "Money Rates" listings, which was 3.25% on 8/1/13. The lowest standard Annual Percentage Rate (APR) as of 8/1/13 as indexed to the Prime Rate was 8.24%. For a Personal Credit Line , standard APRs could range from Prime + 4.99% (currently 8.24% APR) to Prime + 6.49% (currently 9.74% APR) and are based on your credit line amount and creditworthiness. For a Personal Credit Line Plus, standard APRs could range from Prime + 3.25% (currently 6.50% APR) to Prime + 3.80% (currently 7.05% APR) and are based on your credit line amount and creditworthiness. For a Select Credit Line, standard APRs could range from Prime + 0.75% (currently 4.00% APR) to Prime + 1.00% (currently 4.25% APR) and are based on your credit line amount and creditworthiness. The maximum APR for loans in AL, AR, DC, GA, MD, SC and VA is 24%. The maximum APR for loans in TN is 21%. The maximum APR for loans in FL, MS, NC and WV is 18%.

There is a $25 annual fee for a Personal Credit Line which is waived as allowed by applicable law if you use your personal line of credit for overdraft protection on a SunTrust deposit account. Proceeds from line may not be used for payment of any SunTrust obligations.

6Line maturity and access to available funds is determined by line amount and an annual credit review process.

Contact Us

To reach a SunTrust representative:

  • 800.SUNTRUST
  • Existing Loans/Lines
  • 800.279.4824
  • New Applications

Securities, Investment and Insurance Products and Services:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

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