Building a medical practice can be a financial strain for physicians. SunTrust's Physician Line of Credit is designed to help new physicians cover a wide range of personal expenses.
|What can you use this Line of Credit for?||From debt consolidation to unexpected costs, this line of credit can be used by physicians and dentists in practice to cover a wide range of personal expenses.|
|Line of Credit Amount||$25,000 to $100,000|
|Interest Rate||As low as Prime + 3.25% (Currently 8.25% APR)2|
|Line Term||One to four-year repayment terms3|
|How to Apply||Apply online or by phone|
|Access to Funds||Through online banking, convenience checks, in your local branch or by phone|
|Fees||No prepayment penalties|
|What can you use this Line of Credit for?|
|From debt consolidation to unexpected costs, this line of credit can be used by physicians and dentists in practice to cover a wide range of personal expenses.|
|Line of Credit Amount|
|$25,000 to $100,000|
|As low as Prime + 3.25% (Currently 8.25% APR)2|
|One to four-year repayment terms3|
|How to Apply|
|Apply online or by phone|
|Access to Funds|
|Through online banking, convenience checks, in your local branch or by phone|
|No prepayment penalties|
Apply Online or by Phone
Apply in less than 15 minutes.
Preliminary Loan Decision
If 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 send the loan documents for signing.
Important Information About These Products
Subject to credit approval, eligibility and credit qualifications.
1 Full principal amount as well as any unpaid, accrued interest is due at maturity date stated in credit agreement.
2 Prime Rate is The Wall Street Journal Prime Rate, which was 5.00% Annual Percentage Rate (APR) as of 6/14/18. The APR is variable, indexed to The Wall Street Journal Prime Rate plus a margin, and is subject to increase or decrease as the index increases or decreases.
3 For example, on a $5,000 draw with a variable 8.25% APR on a 4-year line of credit, your monthly interest-only payment would be $34.88 until the line matures. The full principal amount, as well as any unpaid, accrued interest, is due at the maturity date stated in the credit agreement.
SunTrust will never send unsolicited emails asking you to provide, update or verify personal or account information, such as passwords, Social Security numbers, PINS, credit or Debit Card numbers, or other confidential information.
Subject to standard credit approval. If you are self-employed, on commission, or a substantial portion of your income is from a source other than salary, you may need to provide us a copy of your last two years' Federal tax returns. Exclusions and limitations apply. Rates and/or program subject to change without notice. Physician Line of Credit is only available in AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, DC, and WV.
Relationship pricing and ACH discounts are not available on lines of credit offered through SunTrust’s Physician Lending group.
Applying for a loan? Here are five things you need to know before visiting your banker.
Opening a personal line of credit is a great way to ensure you have extra money when you need it. Make sure you know how it works—and whether you’re already a good candidate.
With 16.7 million Americans being victims of fraud in 2017, take action to make sure you’re able to bounce back quickly.
When teaching your child about credit, it’s important to know how some of the decisions you make can impact your own financial outlook.
A Home Equity Line of Credit (HELOC) lets you tap into the equity in your home and borrow against it for things like home improvements or other major expenses.
Investment and Insurance Products:
Are Not FDIC or any other Government Agency Insured Are Not Bank Guaranteed May Lose Value
© 2018 SunTrust Banks, Inc.
Equal Housing Lender. SunTrust Bank - NMLS #93471. Member FDIC.
SunTrust, SunTrust PortfolioView, SunTrust Robinson Humphrey, SunTrust Premier Program, AMC Pinnacle, AMC Premier, Access 3, Signature Advantage Brokerage, Custom Choice Loan and SunTrust SummitView are trademarks of SunTrust Banks, Inc. All rights reserved. All other trademarks are the property of their respective owners.
Services provided by the following affiliates of SunTrust Banks, Inc.: Banking products and services are provided by SunTrust Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank, SunTrust Delaware Trust Company and SunTrust Banks Trust Company (Cayman) Limited. Securities, brokerage accounts and insurance (including annuities) are offered by SunTrust Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by SunTrust Advisory Services, Inc., a SEC registered adviser. GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank, and loans are made by SunTrust Bank.
"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust 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 FINRA and SIPC, 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, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups and GenSpring are marketing names used by SunTrust Bank, SunTrust Banks Trust Company (Cayman) Limited, SunTrust Delaware Trust Company, SunTrust Investment Services, Inc., and SunTrust Advisory Services, Inc.
SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRA and SIPC.