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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
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 the 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 the 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 the First Republic Bank Personal Line of Credit charge a statement balance 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 limit 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 No
Prepayment Fee? No
Late Payment Fee No
Statement Balance Fee No

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?

Yes, 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 may help improve your credit.

How to apply for First Republic Bank Personal Line of Credit

  • Visit the First Republic Bank Personal Line of Credit website.
  • Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
  • Check the information is accurate and submit your application.
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Message From First Republic Bank

First Republic was founded in 1985 by Jim Herbert, Chairman and CEO, on the belief that a truly differentiated culture devoted to exceptional client service would result in a very successful banking business. This has proven true. Our growth has never been the goal, however, only the outcome of taking exceptional care of our clients, communities and one another. Thank you for taking the time to read more about us.

Get instant peace of mind and an opportunity to save more in the long term with our low fixed-interest rate options.. Refinance your debt — including student loans, home expenses and car loans — and fund your goals, all at one low fixed rate. Pay interest only on what you draw for the first two years, and repay the full loan with term options that best suit your financial goals. Get convenient access to funds for large purchases. Plus, the amount you repay will be available to draw on again during the first two years. You won’t be charged origination, maintenance or prepayment fees — ever.

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
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
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
  • Cash
  • Bank Transfer
APR (Fixed APR) 2.25% - 3.5%
Loan Amount $60,000 - $350,000

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