Best Of Product
SunTrust Personal Credit Line Plus
Would you recommend SunTrust Personal Credit Line Plus to your friends?
| Community Rating | Mostly recommended |
| Loan Amount | $25,000 - $500,000 |
| APR (Variable APR) |
8.65% - 24% (Verified 08/04/2023)
|
| Number of Reviews | 8 |
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 line of credit FAQ
What APRs does SunTrust Personal Credit Line Plus offer?
SunTrust Personal Credit Line Plus offers a variable APR product that ranges from 8.65% APR up to 24% APR. Rate is quoted with autopay discount*.
Does Suntrust personal line of credit charge an origination fee?
No, they do 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 line of credit charge a cash advance fee?
No, they do not 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 the SunTrust Personal Credit Line Plus charge a statement balance fee?
No, this lender does not charge a statement balance fee.
Does SunTrust Personal Credit Line Plus charge a late fee?
Yes, they may charge borrowers a late payment fee.How much can you borrow via Suntrust personal line of credit?
Upon approval and based on your credit score and credit history, your personal line of credit will be assigned a credit limit of at least $25,000 and as much as $500,000. .
| 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 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. SunTrust Personal Credit Line Plus only considers borrowers who are employed.
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 SunTrust Personal Credit Line Plus. Their rates fall within the limits of The Military Lending Act.
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
- Proof of identity
- Proof of citizenship or residence permit
What is the estimated funding time for a personal line of credit?
Suntrust personal line of credit will typically approve (or deny) a line of credit application within 48 hour s and 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 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.
Is SunTrust Bank a legit company?
SunTrust Bank was founded in 1865, it is a well-established company that has been in business for 158 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
How to apply for Suntrust personal line of credit
- Visit the 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.
Contact
- Headquarters
-
303 Peachtree Street, Northeast
Atlanta, GA 30308 USA - (800) 786-8787
- Visit Site
- Email Support
Other Services by SunTrust Bank
Other Personal Lines of Credit by SunTrust Bank
Availability
- Alabama
- Arkansas
- Florida
- Georgia
- Maryland
- Mississippi
- North Carolina
- South Carolina
- Virginia
- Washington, DC
- West Virginia
SunTrust Personal Credit Line Plus Community Reviews
Would you recommend SunTrust Personal Credit Line Plus to your friends?
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