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Doctor in Training or Doctor in Practice?

Physician loan available to Doctors in Training (physician in postgraduate level programs--Residency/Fellowship).
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 level or training after medical school (Post Graduate Year (PGY)) or years in practice.1

LevelLoanLine of Credit
PGY 1 Up to $25,000 Not Available
PGY 2 Up to $30,000 Not Available
PGY 3 Up to $35,000 Not Available
PGY 4 and Fellows Up to $40,000 Not Available
Final Year of Training and Contract2 Up to $50,000 Available by exception only
In Practice Up to $100,000 Up to $100,000

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.3

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

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 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.

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