When opportunities arise and unexpected events occur, you don’t have to dip into your savings or withdraw from your investments early to cover the costs. A SunTrust Select Credit Line offers you a low interest rate on the money you need—up to $5,000,000—and it's secured with your investments rather than your home. To qualify, you must be a SunTrust Premier or Private Wealth Management Client.2
|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 5.50% (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 four years|
|How to Apply||Apply online, contact your Premier Banker, SunTrust Private Wealth Financial Advisor 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|
|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 5.50% (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 four years|
|How to Apply|
|Apply online, contact your Premier Banker, SunTrust Private Wealth Financial Advisor 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|
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 or Private Wealth Financial Advisor
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.
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 9/27/18. 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. 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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