Important Information About These Products
1 Physician Loans are subject to credit approval. The interest-only payment option for loans is subject to qualification. You may qualify for interest-only payments up through your second year in practice. Renewal option contingent upon still being in training or in first two years of practice.
2 For loans signed or executed in the state of Florida, Florida Law requires payment of a documentary stamp tax calculated on the loan amount. SunTrust will collect and forward this tax to the Florida Department of Revenue.
3 The maximum loan amount available in Illinois is $40,000. The minimum loan amount available in Massachusetts is $6,001. The minimum loan amount available in Wisconsin is $25,001.
4 PGY I – Up to $25,000, PGY II – Up to $30,000, PGY III – Up to $35,000, PGY IV and Fellows – Up to $40,000, Final year of Training and Employment Commitment – Up to $50,000. Physicians and Dentist in Practice – Up to $100,000
5 Annual Percentage Rates (APRs) are determined by creditworthiness and other factors, so your APR may differ.
Fixed rates range from 7.20% to 13.20% APR for doctors in practice and from 10.45% to 15.95% APR for doctors in training. Variable rates range from 6.25% (Prime + 2.50%) to 12.25% (Prime + 8.50%) APR for doctors in practice and from 9.50% (Prime + 5.75%) to 15.00% (Prime + 11.25%) APR for doctors in training. For variable rates, the APR is based on the Prime Rate plus a margin and is subject to increase or decrease during the loan term. 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% as of 12/15/16. Term limitations apply. 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. The SunTrust Physician Loan cannot be used to consolidate private or federal educational loan debt.
Exclusions and limitations apply. Rates and/or program subject to change. SunTrust Physician Loans are not available in Vermont or the U.S. Territories. Relationship pricing and ACH discounts are not available on loans offered through SunTrust’s Physician Lending group.