Select Credit Line

Be confident and ready for just about anything.1

For SunTrust Premier clients2, a low rate Select Credit Line provides convenient access to the money you need, using your investments - instead of your home - as collateral.

  • A revolving line secured with investments
  • Lower interest rate than most loans and credit cards
  • Quick and easy access to money you need
  • Interest-only payment option

Certain Risks of Securities Based Lending:
Loans secured by marketable securities carry special risks that you should carefully consider in the context of your own investment philosophy and risk profile.

  • The value of securities held as collateral may decrease under a market downturn limiting your ability to obtain advances and/or requiring you to pay down the loan or deposit additional securities as collateral to avoid the forced sale of assets in the account.
  • If you are unable to meet a collateral call, SunTrust can force the sale or other liquidation of any securities or other investment property in the collateral account. You are not entitled to an extension of time to meet the collateral maintenance requirements or choose which securities in the collateral account are liquidated or sold.
  • The Select Credit Line is a full recourse loan and you will be liable for any deficiency.
  • A forced sale of assets in your account could have adverse tax consequences and impact your long term investment strategy.
  • An increase in interest rates will affect the overall cost of borrowing.

You should consult your independent tax and legal advisors to fully understand the implications associated with pledging securities as collateral for the Select Client Line and to determine whether securities based lending is appropriate for you. 

Apply in 4 easy steps.

  • Apply Online, by Phone or through your SunTrust Premier Banker

    Apply in less than 15 minutes.

  • Preliminary Loan Decision

    If you are preliminarily approved, a SunTrust representative will contact you within 24 hours to discuss the details and documents required.

  • Loan Processing

    SunTrust reviews your submitted documents, and will contact you with any additional questions.

  • Final Decision & Loan Closing

    Review the final approved terms and schedule a convenient time and day to sign the loan documents in a branch.

Important Information About These Products

Subject to credit approval, eligibility and credit qualifications.

1 Some restrictions on the use of Select Credit Line loan proceeds may apply under the loan documents and applicable laws and regulations. For example, the proceeds from a non-purpose Select Credit Line may not be used to purchase securities, pay down or pay off a loan used to purchase securities, or pay premiums for variable life insurance policies.

2 To be a Premier client, you must maintain $100,000 or more in deposits or eligible investable assets with SunTrust Bank or SunTrust Investment Services "STIS".

3 Collateral must be held in individual name(s) or in the name of an approved trust. Stock concentration in an account may impact collateral eligibility. Eligible borrowers should have sufficient liquidity to accommodate margin calls should there be a substantial drop in collateral value.

4 Making only the minimum payment due each due date will not reduce your principal balance on this line. Full balance owed is due at maturity.

5 Select 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 5.25% on 8/1/19. Standard APRs could range from Prime + 0.50% (currently 5.75% APR) to Prime + 0.95% (currently 6.20% APR) and are based on your credit line amount and creditworthiness. The APR is variable and will change as the index increases or decreases. An increase in interest rates will affect the overall cost of borrowing under the Select Credit Line. Borrower must provide a Personal Financial Statement and last two years of K-1s.

6 A 0.25% interest rate reduction off the standard rate is provided if payment is automatically deducted from a SunTrust checking, savings or money market account using a recurring, automatic payment. All loan and line discount offers are subject to change. Relationship pricing and automatic payment 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.

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