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Personal Lines of Credit
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Last Updated: 04/18/2025

SunTrust Personal Credit Line Plus

in Personal Lines of Credit from SunTrust Bank

Last Updated: 04/18/2025

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Mostly recommended9 total votes
6 users recommend
1 users are unsure
2 users don't recommend
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Highlights

Community Rating

Mostly recommended

Amount Range

$25,000 - $500,000
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APR (Variable APR)

8.65% - 24%(Verified 06/21/2024)
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Number of Reviews

9

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SunTrust Personal Credit Line Plus Review

SunTrust Personal Credit Line Plus is offered through SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. Suntrust personal line of credit are available in 10 states and Washington, DC.

SunTrust Personal Credit Line Plus FAQ

What APRs does SunTrust Personal Credit Line Plus offer?

SunTrust Personal Credit Line Plus offers a variable APR that ranges from 8.65% APR up to 24% APR. Rate is quoted with autopay discount*.

Does the SunTrust Personal Credit Line Plus charge an origination fee?

No, SunTrust Personal Credit Line Plus 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 SunTrust Personal Credit Line Plus charge a cash advance fee?

No, SunTrust Personal Credit Line Plus doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.

Does SunTrust Personal Credit Line Plus charge a late fee?

Yes, SunTrust Personal Credit Line Plus may charge borrowers a late payment fee .

How much can you borrow via SunTrust Personal Credit Line Plus?

Upon approval and based on your credit worthiness, your SunTrust Personal Credit Line Plus personal line of credit will be assigned a credit limit of at least $25,000 and as much as $500,000. .

What do you need to qualify for SunTrust Personal Credit Line Plus?

Applicants with a credit score of at least 600 and up to 850 may be eligible for SunTrust Personal Credit Line Plus. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
SunTrust Personal Credit Line Plus does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by SunTrust Personal Credit Line Plus.
To qualify, applicants may need to provide the following documentation:
  • Proof of income
  • Driver's license or other government photo ID
  • Proof of identity
  • Proof of citizenship or residence permit

What is the estimated funding time for a personal line of credit via SunTrust Personal Credit Line Plus?

SunTrust Personal Credit Line Plus will typically fund personal lines of credit within 7 business day s of approval.

Does SunTrust Personal Credit Line Plus report your account activity to credit bureaus?

Yes, SunTrust Personal Credit Line Plus reports to the following credit bureaus:
  • 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 build your credit.

Does SunTrust Bank perform a hard credit pull?

Yes, Suntrust personal line of credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

How to apply for SunTrust Personal Credit Line Plus

  • Visit the SunTrust Personal Credit Line Plus 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.

SunTrust Personal Credit Line Plus Disclosure: Subject to credit approval, eligibility and credit qualifications. 1 To qualify for this line, $100,000 or more in verifiable eligible investable assets held with SunTrust Bank or other financial institutions are required. 2 Personal Credit Line rates will vary with the market based on the Prime Rate. The Prime Rate means the highest per annum "Prime Rate" of interest published by The Wall Street Journal in its "Money Rates" listings, which was 5.50% on 12/20/2018. For a Personal Credit Line Plus, standard APRs could range from Prime + 3.15% (currently 8.65% APR) to Prime + 3.95% (currently 9.45% APR) and are based on your credit line amount and creditworthiness. For a Select Credit Line, standard APRs could range from Prime + 0.50% (currently 6.00% APR) to Prime + 0.95% (currently 6.45% APR) and are based on your credit line amount and creditworthiness. The maximum APR for loans in AL, AR, DC, GA, MD, SC and VA is 24%. The maximum APR for loans in TN is 21%. The maximum APR for loans in FL, MS, NC and WV is 18%. 3 A 0.25% interest rate reduction off the standard rate is provided if payment is automatically deducted from a qualifying SunTrust checking, savings or money market account using a recurring, automatic payment. All loan and line discount offers are subject to change. Relationship pricing and ACH discounts are not available on existing consumer loans or lines of credit. Relationship pricing discounts may not be applicable for all products. Consult your banker for details.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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