|Loan Amount||$25,000 - $5,000,000|
|APR (Variable APR)||5.75% - 24%|
Where does SunTrust Select Credit Line do business?SunTrust Select Credit Line is a bank based in Atlanta, GA. that was founded in 2015. SunTrust Select Credit Line is offered in 50 states (and Washington, DC).
What are the APRs offered via SunTrust Select Credit Line?
SunTrust Select Credit Line offers business loans with variable APRs starting from 5.75% to 24%.
Does SunTrust Select Credit Line charge an origination fee?
No, SunTrust Select Credit Line 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 Select Credit Line charge a cash advance fee?
No, SunTrust Select Credit Line 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 Select Credit Line charge a late fee?Yes, SunTrust Select Credit Line may charge borrowers a late payment fee
Does SunTrust Select Credit Line charge prepayment fees?
No, SunTrust Select Credit Line 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 Select Credit Line?
Upon approval and based on your credit worthiness, your SunTrust Select Credit Line personal line of credit will be assigned a credit line of at least $25,000 and as much as $5,000,000.
What do you need to qualify for a line of credit with SunTrust Select Credit Line?
Applicants with a credit score of at least 600 can apply for a line of credit via SunTrust Select Credit Line.SunTrust Select Credit Line only considers borrowers who are employed, or have a regular source of income or benefits.
Active duty servicemembers and their covered dependents are not considered covered borrowers. In other words, they are eligible to apply for a line of credit via SunTrust Select Credit Line. 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 income
Does SunTrust Select Credit Line report your account activity to credit bureaus?
SunTrust Select Credit Line reports your account activity to the following credit reporting agencies:
Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.
How to apply for SunTrust Select Credit Line
- Visit the SunTrust Bank .
- 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.
303 Peachtree Street, Northeast
Atlanta, GA 30308 USA
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Other Services by SunTrust Bank
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Credit Score Range||
600 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$25K - $5M|
|APR (Variable APR)||5.75% - 24%|
SunTrust Bank Personal Lines of Credit
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