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Consolidating your balances pays off.

When you consolidate your debt with SunTrust you can save money on interest, enjoy a flexible loan amount, choose your own pay-back terms, and more. The benefits you receive depend on what you want to accomplish and how you want to accomplish it, but no matter which debt consolidation solution you choose, you can be more in control of your finances.

  • What can you use this loan or line of credit for?
  • Loan or Line of Credit Amount
  • Interest Rate
  • Loan Term
  • Access to Funds
  • Fees
  • How to Apply
  • Unsecured vs. Secured
  • Tax Benefits
  • Home Equity Line of Credit

    A flexible option that lets you draw only the money you need from the line amount you're approved for. And since it is secured by the equity in your home, you'll enjoy a lower interest rate and tax savings1 too.

  • This is a multipurpose option. You can use it for home improvements, to pay down higher rate balances, educational expenses, or any major purchase.
  • $10,000 to $500,000
  • Promotional Rate: Prime minus 1.26%, currently 2.99% APR for 12 months1 on initial advances of $25,000 or more taken at closing under the variable rate option.

    For balances at the end of 12 months and subsequent advances with this option, rates start as low as Prime + 0% to Prime + 0.49%, currently 4.25% to 4.74% APR2 (includes a 0.25% interest rate reduction5)

    Check Rates in your Area >
  • 10 year draw period and a 20 year repayment period4
  • 35 days, on average to close

    Make draws with variable rate checks, Online Banking, or Mobile Banking to access available funds. Or visit your nearest branch.
  • No closing costs as long as your account is open for 3 years7. A low $65 annual fee may be required4.
  • Apply online, by phone, or at a local branch. Close your line of credit at a local branch
  • Secured by your home
  • Interest may be tax-deductible1

  • LightStream Debt Consolidation Loan

    A quick, convenient online loan option that doesn't require collateral and gives you access to funds as soon as today2.

  • This loan option can be used for credit card and loan debt consolidation. Loan proceeds may not be used to refinance any existing loan with LightStream.
  • $5,000 to $100,000
  • As low as 6 APR with AutoPay
  • 24 to 84 months repayment*
  • Same day funding available2
  • No fees
  • Complete online process: application to funding
  • Unsecured. No assets used as collateral.
  • Interest is not tax-deductible

You can also consolidate debt with these options.

Calculate how much you could save by consolidating your monthly payments.

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Your savings builds your future.

There's a savings solution to meet every one of your needs—no matter where you are in your financial journey.

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Important Information About These Products

1 Consult your tax advisor regarding deductibility of interest.

2 You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.

3 Special Rate Advance: The special advance rate is variable for twelve (12) months and is applicable only for an initial advance of $25,000 or more taken under the variable rate option at the closing of the line of credit, to be disbursed immediately upon expiration of any applicable rescission period, and is valid for applications received by 12/31/17 and that close by 2/15/2018. An initial advance of $25,000 or more taken at closing under this option shall accrue interest at the Special Rate for a period of twelve (12) months from the date of disbursement of the advance. Special Rate Advance may not be used to pay off or pay down any SunTrust debt. Advances under this option subsequent to the Special Rate Advance, as well as any promotional balance remaining upon expiration of the Special Rate, shall accrue interest at the standard rate(s) and margin(s) as described below and in your Equity Line Agreement. Offer subject to change without notice at any time.

4 Minimum required line amount for this interest rate is $100,000 and is based on a maximum Combined Loan-To-Value (CLTV) of 70% or less. As low as rates vary by state/geographic region. The lowest rate listed includes an optional 0.25% interest rate reduction obtained if the payment is automatically deducted from a SunTrust checking, savings or money market account using SurePaySM. For the SunTrust Equity Line, this interest rate reduction does not apply to promotional rate advances, Fixed Rate/Fixed Term Advances or during the Repayment Period. All loan and line discount offers are subject to change. Offer is available for new and refinanced consumer home equity lines as well as for home equity credit line increases. Relationship pricing discounts are not available on existing consumer loans or lines of credit. The Prime Rate means the highest per annum “Prime Rate” of interest published from time to time by The Wall Street Journal in its “Money Rates” listings, which was 4.25% on 8/1/17. Standard APRs are variable; are based on your collateral property location, credit line amount, Combined Loan-To-Value (CLTV) ratio and other factors; and can range from Prime + 0.25% (currently 4.50% APR) to Prime + 8.54% (currently 12.79% APR) (during the 20-year repayment period for this option, the APR will continue to be calculated at a variable rate and your minimum monthly payment will be 1/240th of the total balance at the end of the draw period, plus interest and any applicable fees/charges). The maximum APR is 18% for properties located in FL, GA, TN, AL, SC, VA, MD, DC, AR, WV and MS. The maximum APR is 16% for properties located in NC. Offer and rates subject to change without notice. Offer is only available for owner-occupied, single-family, primary residences and condominiums located in FL, GA, TN, AL, SC, VA, NC, MD, DC, AR, WV or MS, and is not valid on second homes, manufactured homes or cooperatives. SunTrust must be in a valid first- or second-lien position. Exclusions and limitations apply. Property insurance is required and, if applicable, flood insurance will be required. For each advance taken under the Fixed Rate/Fixed Term option, there will be a $15 processing fee (except in MD and NC). There is a $65 annual fee, if and as allowed by applicable law, which is waived for clients with a Signature Advantage account or clients enrolled in Premier Banking. Preliminary line decisions are usually made within 24 hours on applications received during normal banking hours.

5 A 0.25% 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 SurePay. For the SunTrust Equity Line, this interest rate reduction does not apply to promotional rate advances, Fixed Rate/Fixed Term advances, or during the Repayment Period. All line discount offers are subject to change. Offer for new and refinanced eligible consumer loans and lines of credit, as well as for credit line increases. A relationship discount is 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.

6 The APR listed is for an unsecured credit card/debt consolidation loan between $10,000 and $24,999 with a term between 24 and 36 months, for applicants with excellent credit. Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

* Payment example: Monthly payments for a $10,000 loan at 5.49% APR with a term of 3 years would result in 36 monthly payments of $301.91.

7 For new lines of $10,000 or more, SunTrust will advance certain costs on your behalf, including the first property/collateral valuation obtained by SunTrust, but excluding: any subsequent property/collateral valuation not required by us; and, if required, title insurance and related fees, and any new or increased homeowner’s and/or flood insurance premiums. However, if your account is closed within three (3) years, we will add any closing costs we advanced on your behalf to your outstanding balance for our reimbursement. Total closing costs generally range from $100 to $2,000.

8 Annual Percentage Rate

  • Annual Percentage Rate (APR) for Purchases – 10.49% – 21.49% based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
  • Introductory rate on Balance Transfers – 3.50% Introductory Variable APR (Prime Rate) for the first 36 months for all balances transferred within 60 days of account opening. Note that the 3.50% APR rate is variable and will vary with the market based on the Prime Rate.
  • Standard rate on Balance Transfers – after the Introductory period ends, the standard balance transfer variable APR will be applied to outstanding introductory balances – 10.49% – 21.49% APR – based on your creditworthiness.
  • Standard variable APR on Cash Advances and Overdraft Advances is 25.24%.
  • Standard Purchases, Balance Transfers and Cash Advance APRs will vary with the market based on the Prime Rate.

Minimum interest charge – $1.50.
Fee for foreign transactions – none.
Cash Advance fee – $10 or 4% of the amount of the advance, whichever is greater.
Balance Transfer fee – none for all balances transferred within 60 days of account opening.
After 60 days, $10 or 3% of the amount of the transfer, whichever is greater.
Late Payment fee: Up to $38
Return Payment fee: Up to $38

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