Important Information About These Products
1 To qualify for this line, $100,000 or more in eligible investable assets held with SunTrust Bank is 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.
2 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.
3 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 3.75% on 12/15/16. Standard APRs could range from Prime + 0.50% (currently 4.25% APR) to Prime + 0.95% (currently 4.70% APR) and are based on your credit line amount and creditworthiness. The APR is variable and will change as the index increases or decreases. Borrower must provide a Personal Financial Statement and last two years of K-1s.
4 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.