Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Learn More
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.
|What can you use this Line of Credit for?||The line of credit can be used for almost any expense or opportunity that may arise.|
|Line of Credit Amount||$25,000 to $5,000,000|
|Interest Rate||As low as 5.00% (Prime + 0.25%) APR5 with a 0.25% interest rate reduction for a recurring automatic payment from a SunTrust Bank account6.|
|Line Term||Revolving line of credit with terms up to five years|
|How to Apply||Premier clients apply online, contact your Premier Banker, or call 877.308.6678|
|Fees||No application or annual fees5|
|Unsecured vs. Secured||Secured|
|Eligible Collateral Types||SunTrust Bank investment account or a SunTrust Investment Services, Inc. account with sufficient eligible collateral to support a minimum line of credit size of $25,0003|
|Qualifications||Available for SunTrust Premier clients2|
|What can you use this Line of Credit for?|
|The line of credit can be used for almost any expense or opportunity that may arise.|
|Line of Credit Amount|
|$25,000 to $5,000,000|
|As low as 5.00% (Prime + 0.25%) APR5 with a 0.25% interest rate reduction for a recurring automatic payment from a SunTrust Bank account6.|
|Revolving line of credit with terms up to five years|
|How to Apply|
|Premier clients apply online, contact your Premier Banker, or call 877.308.6678|
|No application or annual fees5|
|Unsecured vs. Secured|
|Eligible Collateral Types|
|SunTrust Bank investment account or a SunTrust Investment Services, Inc. account with sufficient eligible collateral to support a minimum line of credit size of $25,0003|
|Available for SunTrust Premier clients2|
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.
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 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.
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 4.75% on 10/31/19. Standard APRs could range from Prime + 0.50% (currently 5.25% APR) to Prime + 1.75% (currently 6.50% APR) and are based on your credit line amount and creditworthiness. The APR is variable and will change as the index increases or decreases. The maximum APR for loans in AL, AR, DC, GA, MD, and VA is 24%. The maximum APR for loans in TN is 21%. The maximum APR for loans in FL, MS, and WV is 18%. The maximum APR for loans in NC and SC is 15%. 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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Equal Housing Lender
Investment and Insurance Products:
Are Not FDIC or any other Government Agency Insured Are Not Bank Guaranteed May Lose Value
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Services provided by the following affiliates of Truist Financial Corporation: Banking products and services, including loans and deposit accounts, are provided by SunTrust Bank and Branch Banking and Trust Company, both now Truist Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank and Branch Banking and Trust Company, both now Truist Bank, and SunTrust Delaware Trust Company. Securities, brokerage accounts and /or insurance (including annuities) are offered by SunTrust Investment Services, Inc. and BB&T Securities, LLC, P.J. Robb Variable Corp., and Precept Advisory Group, LLC, which are SEC registered broker-dealers, members FINRALink opens a new window, SIPCLink opens a new window, and a licensed insurance agency where applicable. Investment advisory services are offered by SunTrust Advisory Services, Inc., GFO Advisory Services, LLC, BB&T Securities, LLC, Sterling Capital Management, LLC, and BB&T Institutional Investment Advisors, Inc., each SEC registered investment advisers. BB&T Sterling Advisors, BB&T Investments and BB&T Scott & Stringfellow, are divisions of BB&T Securities, LLC. Mutual fund products are advised by Sterling Capital Management, LLC. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank now Truist Bank.
"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of Truist Financial Corporation: SunTrust Bank now Truist Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., a registered broker-dealer, which is a member of FINRALink opens a new window and SIPCLink opens a new window, and a licensed insurance agency, and which provides securities, annuities and life insurance products; SunTrust Advisory Services, Inc., a SEC registered investment adviser which provides Investment Advisory services.
SunTrust Private Wealth Management, International Wealth Management, GenSpring, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are marketing names used by SunTrust Bank now Truist Bank, SunTrust Investment Services, Inc., and SunTrust Advisory Services, Inc.
SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRALink opens a new window and SIPCLink opens a new window.
Thank you for choosing SunTrust now Truist. We welcome the opportunity to serve your financial needs. While SunTrust and BB&T have merged to become Truist, both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees, and pricing.
Our friendly teammates at your local BB&T branches will be happy to walk you through their products. You can also learn more by contacting them at 1-800-BANK-BBT or BBT.com.