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  First Republic Bank Personal Line of Credit

First Republic Bank Personal Line of Credit

in Personal Lines of Credit from First Republic Bank

Unaffiliated

First Republic Bank Personal Line of Credit

Unaffiliated

in Personal Lines of Credit from First Republic Bank

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Highlights
Highlights
Loan Amount $60,000 - $350,000
APR  (Fixed APR) 2.25% - 3.5%

First Republic Bank Personal Line of Credit Review

First Republic Bank Personal Line of Credit is offered by First Republic Bank, a bank founded in 1985 and based in San Francisco, CA. First Republic Bank Personal Line of Credit is available in 6 states across the USA.

First Republic Bank Personal Line of Credit FAQ

What APRs does First Republic Bank Personal Line of Credit offer?

First Republic Bank Personal Line of Credit offers a fixed APR product that ranges from 2.25% APR up to 3.5% APR.

Does First Republic Bank Personal Line of Credit charge an origination fee?

No, First Republic Bank Personal Line of Credit does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does First Republic Bank Personal Line of Credit charge a cash advance fee?

Yes, First Republic Bank Personal Line of Credit may charge a fee.

Does First Republic Bank Personal Line of Credit charge a late fee?

Yes, First Republic Bank Personal Line of Credit may charge borrowers a late payment fee.

How much can you borrow via First Republic Bank Personal Line of Credit?

Upon approval and based on your credit worthiness, your First Republic Bank Personal Line of Credit personal line of credit will be assigned a credit line of at least $60,000 and as much as $350,000. .

First Republic Bank Personal Line of Credit Fees
Cash Advance Fee N/A
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for First Republic Bank Personal Line of Credit?

Applicants with a credit score of at least 680 and up to 850 may be eligible for First Republic Bank Personal Line of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

First Republic Bank Personal Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. First Republic Bank Personal Line of Credit only considers borrowers who are employed. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via First Republic Bank Personal Line of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by First Republic Bank Personal Line of Credit. Permanent resident / green card holders are also eligible to apply.

Does First Republic Bank Personal Line of Credit report your account activity to credit bureaus?

First Republic Bank Personal Line of Credit reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for First Republic Bank Personal Line of Credit

  • Visit the First Republic Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
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Availability

  Available in 6 states
  • California
  • Connecticut
  • Florida
  • Massachusetts
  • New York
  • Oregon

Feature Breakdown

Annual Fee $0
No Origination Fee  
No Prepayment Fee  
Checking Account Required  
Credit Score Range 680 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted Co-borrower
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Minimum Draw Starting at $1,000
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Check by mail
  • Bank Transfer
  • Cash
APR (Fixed APR) 2.25% - 3.5%
Loan Amount $60,000 - $350,000

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