SunTrust Bank Home SunTrust Bank Home

At SunTrust, we understand the financial pressures that doctors and dentists face when you're starting your medical career.

That's why our physician loan limits are generous—from $5,000 to $100,000, depending on your level of training or years in practice. What's more, our physician loans have no application or origination fees, no prepayment penalties, no requirement to purchase credit life insurance and no hidden charges.1

Fixed and Variable Interest Rates

Low rates are available with no prepayment penalties. Our fixed rates are as low as 7.20% Annual Percentage Rate (APR)2 and our variable rates are as low as Prime + 2.50%, currently 6.25% APR2. Our variable rate changes only when the Prime rate changes.

Loan Limits

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 Contract3 Up to $50,000
In Practice Up to $100,000

Interest-only Payments

If you are a doctor-in-training (in a residency or fellowship 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.4

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

Important Information About These Products

1 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. 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.

2 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 9.95% 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 SunTrust Bank Prime Rate plus a margin and is subject to increase or decrease during the loan term. Prime Rate as of 12/15/16 is 3.75% APR. 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.

3 Proof of expected income is required and can include offer letter, employment agreement or contract from prospective employer.

4 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 variable 11.45% APR and a 10-year term, your 48 monthly interest-only payments would vary from $43.92 to $48.62, followed by 72 monthly installments of $96.35. 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 variable 9.95% APR and 10-year term, your 24 monthly interest-only payments would vary from $38.16 to $42.25, followed by 96 monthly installments of $75.77. 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.

Loans Resource Center