Last Updated: 04/18/2025
SunTrust Select Credit Line
Unaffiliated
Last Updated: 04/18/2025
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Community Rating
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APR (Variable APR)
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SunTrust Select Credit Line Review
SunTrust Select Credit Line FAQ
What APRs does SunTrust Select Credit Line offer?
Does the SunTrust Select Credit Line charge an origination fee?
Does the SunTrust Select Credit Line charge a cash advance fee?
Does SunTrust Select Credit Line charge a late fee?
Yes, SunTrust Select Credit Line may charge borrowers a late payment fee .How much can you borrow via SunTrust Select Credit Line?
| Cash Advance Fee | N/A |
| Origination Fee | No |
| Prepayment Fee? | No |
| Late Payment Fee | No |
| Statement Balance Fee | No |
| Billing Cycle Charge | No |
What do you need to qualify for SunTrust Select Credit Line?
Applicants with a credit score of at least 600 and up to 850 may be eligible for SunTrust Select Credit Line.- Proof of income
- Driver's license or other government photo ID
- Proof of identity
Does SunTrust Select Credit Line report your account activity to credit bureaus?
- Equifax
- Experian
- TransUnion
Does SunTrust Bank perform a hard credit pull?
How to apply for SunTrust Select Credit Line
- Visit the SunTrust Select Credit Line 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 Select Credit Line Disclosure: Subject to credit approval, eligibility and credit qualifications. 1 Some restrictions on the use of Select Credit Line loan proceeds may apply under the loan documents and applicable laws and regulations. 2 To be a Premier client, you must maintain $100,000 or more in deposits or eligible investable assets with SunTrust Bank or SunTrust Investment Services "STIS". 3 Collateral must be held in individual name(s) or in the name of an approved trust. Stock concentration in an account may impact collateral eligibility. Eligible borrowers should have sufficient liquidity to accommodate margin calls should there be a substantial drop in collateral value. 4 Making only the minimum payment due each due date will not reduce your principal balance on this line. Full balance owed is due at maturity. 5 Select 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 12/20/18. 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 APR is variable and will change as the index increases or decreases. Borrower must provide a Personal Financial Statement and last two years of K-1s. 6 A 0.25% interest rate reduction off the standard rate is provided if payment is automatically deducted from a 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 automatic payment 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.
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