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  SunTrust Personal Credit Line Plus

SunTrust Personal Credit Line Plus

in Personal Lines of Credit from SunTrust Bank

Unaffiliated

SunTrust Personal Credit Line Plus

Unaffiliated

in Personal Lines of Credit from SunTrust Bank

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Highlights
Highlights
Loan Amount $25,000 - $500,000
APR (Variable APR) 8.65% - 24%

Overview

Where is SunTrust Personal Credit Line Plus available?

SunTrust Personal Credit Line Plus is a personal line of credit offered by SunTrust Bank, a bank based in Atlanta, GA that was founded in 1865. SunTrust Personal Credit Line Plus is offered in 10 states (and Washington, DC).

What are the APRs offered via SunTrust Personal Credit Line Plus?

SunTrust Personal Credit Line Plus offers a variable APR personal line of credit product

Does 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 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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.

Does SunTrust Personal Credit Line Plus charge prepayment fees?

No, SunTrust Personal Credit Line Plus does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

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 line of at least $25,000 and as much as $500,000.

What do you need to qualify for a line of credit with SunTrust Personal Credit Line Plus?

Applicants with a credit score of at least 600 can apply for a line of credit via SunTrust Personal Credit Line Plus. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

SunTrust Personal Credit Line Plus only considers borrowers who are employed, or have a regular source of income or benefits.

Active duty servicemembers and their covered dependents can apply for a line of credit via SunTrust Personal Credit Line Plus. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a line of credit.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Proof of identity
  • Proof of citizenship or residence permit
  • Proof of income

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 approve (or deny) a line of credit application within 48 hours and fund personal lines of credit within 7 business days of approval.

Does SunTrust Personal Credit Line Plus report loan payments to credit bureaus?

SunTrust Personal Credit Line Plus may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion
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...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 10 states and Washington, D.C.
  • Alabama
  • Arkansas
  • Washington, DC
  • Florida
  • Georgia
  • Maryland
  • Mississippi
  • North Carolina
  • South Carolina
  • Virginia
  • West Virginia

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
Minimum Age 18
Credit Score Range 600 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $25K - $500K
APR (Variable APR) 8.65% - 24%

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