PCL plus, physician line of credit, PCL Plus Line of Credit

Physician Line of Credit

The costs of building a successful medical practice can be a major financial strain for physicians—especially when they’re also bearing the burden of heavy medical school debt.

SunTrust understands these challenges. That’s why we offer the Physician Line of Credit —a line of credit specifically designed to help new and established physicians cover a wide range of personal expenses. With a Physician Line of Credit, you can borrow up to $75,000 and pay just accrued interest each month1, or pay down principal as well if you choose. And SunTrust makes it simple to access your funds. As a Physician Line of Credit client, you’ll receive a free supply of convenience checks, so tapping your credit line will be easy.

The Physician Line of Credit is currently available in Alabama, Arkansas, District of Columbia, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia and West Virginia.

To learn more about the Physician Line of Credit contact us at 800.241.6905.

A Physician Line of Credit offers money-saving features

  • Credit line from $25,000 to $75,000
  • Interest-only payments
  • No prepayment penalties
  • One to four year repayment terms
  • Interest rate of the Prime Rate + 3.25% to 5.25% (currently 6.50% to 8.50% APR)2
  • Convenience checks
  • Minimum advance amount as low as $300

Why choose a Physician Line of Credit?

  • Obtain cash as you need it by simply writing a check
  • Monthly repayment options including interest, principal and interest or payment in full
  • Credit line from $25,000 to $75,000, offering you maximum flexibility
Disclaimers

1Full principal amount as well as any unpaid, accrued interest is due at maturity date stated in credit agreement.

2Prime Rate is The Wall Street Journal Prime Rate, which was 3.25% Annual Percentage Rate (APR) as of 9/1/13. The APR is variable, indexed to The Wall Street Journal Prime Rate plus a margin, and is subject to increase or decrease as the index increases or decreases.

SunTrust will never send unsolicited emails asking you to provide, update or verify personal or account information, such as passwords, Social Security numbers, PINS, credit or Check Card numbers, or other confidential information.

Subject to standard credit approval. If you are self-employed, on commission, or a substantial portion of your income is from a source other than salary, you may need to provide us a copy of your last two years' Federal tax returns. Exclusions and limitations apply. Rates and/or program subject to change without notice.

Relationship pricing and ACH discounts are not available on loans or lines of credit offered through SunTrust’s Physician Lending group.

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  • Are Not Bank Guaranteed
  • May Lose Value

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