Physician Loan Terms and Conditions

Doctor in Training or Doctor in Practice?

Physician loan available to Doctors in Training (physician in postgraduate level programs--Residency/Fellowship and 4th year medical students who have received their residency match1).
Physician loan or line of credit available for Doctors in Practice (physicians who are licensed and board certified).

Borrow from $5,000 to $100,000, depending on your status as a Doctor in Training or Doctor in Practice.2 

Level Loan Line of Credit
Doctors in Training Up to $50,000 Not Available
4th Year Medical Students1 Up to $50,000 Not Available
Doctors in Practice Up to $100,000 Up to $100,000

If you are a doctor-in-training (in a residency or fellowship program) or a medical student about to start a residency program, interest-only payments may be available for up to the first 48 months of your loan, and you may be able to apply to renew this option through your second year in practice.3

Apply for a physician loan online or by calling a SunTrust physician loan specialist at 800.241.6905

Important Information About These Products

Subject to credit approval, eligibility and credit qualifications.

Medical students in their final year of medical school are eligible to apply for a physician loan four months prior to graduation as long as they have received a residency program assignment. 

2 SunTrust Physician Loans are not available in Vermont or the U.S. Territories. 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. The minimum loan amount available in Oklahoma is $5,001. 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 If you are a physician-in-training, interest-only payments may be available for up to the first 48 months of your loan if you qualify. You may be able to apply to renew this option through your second year in practice. Renewal contingent upon physician still being in training or first year in practice. Repayment terms up to 10 years may be available, consisting of 4 years of interest-only payments, followed by 6 years of principal and interest payments. For example, on a $5,000 loan with fixed 11.45% APR and a 10-year term, your 48 monthly interest-only payments would be $48.00, followed by 72 monthly installments of $96.00. 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 your salary, you may need to provide us with a copy of your last two years' federal tax returns. Exclusions and limitations apply. Rate and/or program subject to change without notice.

If you are a dentist or doctor-in-practice, interest-only payments may be available for up to the first 24 months of your loan if you qualify. Repayment terms up to 10 years may be available, consisting of 2 years of interest-only payments, followed by 8 years of principal and interest payments. For example, on a $5,000 loan with fixed 9.95% APR and 10-year term, your 24 monthly interest-only payments would be $41.00, followed by 96 monthly installments of $76.00. 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.

Relationship pricing and ACH discounts are not available on loans or lines of credit offered through SunTrust’s Physician Lending group.

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