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  SunTrust Custom Choice Student Loan

SunTrust Custom Choice Student Loan

in Private Student Loans from SunTrust Bank

Unaffiliated

SunTrust Custom Choice Student Loan

Unaffiliated

in Private Student Loans from SunTrust Bank

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Community Rating

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Fixed APR 4.751% - 11.5%
Variable APR 3.501% - 10.55%
Loan Amount $1,001 - $175,000

SunTrust Custom Choice Student Loan Review

SunTrust Custom Choice Student Loan is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. SunTrust Custom Choice Student Loan is available in 50 states (and Washington, DC).

What rates does SunTrust Custom Choice Student Loan offer for in-school private student loan?

SunTrust Custom Choice Student Loan has a variable APR that ranges from 3.501% up to 10.55%.

It offers a fixed APR that ranges from 4.751% up to 11.5%.

Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.

How much can you borrow from SunTrust Custom Choice Student Loan?

Available loan amounts may vary by applicant but SunTrust Custom Choice Student Loan has a minimum loan amount of $1.001K and offers loans up to $175K.

Does SunTrust Custom Choice Student Loan charge an origination fee?

No, SunTrust Custom Choice Student Loan does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees..

Does SunTrust Custom Choice Student Loan charge prepayment fees?

No, SunTrust Custom Choice Student Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does SunTrust Custom Choice Student Loan offer?

SunTrust Custom Choice Student Loan provides repayment terms ranging from 7 to 15 years.

SunTrust Custom Choice Student Loan offers borrowers unemployment protection. This means that if you lose your job -- or you have just finished school -- your loan payments are placed on a temporary hold.

What type of borrowers will SunTrust Custom Choice Student Loan consider?

SunTrust Custom Choice Student Loan considers loans applications from:

  • undergraduate students
  • graduate students

What do you need to qualify for SunTrust Custom Choice Student Loan?

SunTrust Custom Choice Student Loan does not require or does not disclose a credit score minimum. The minimum age to be eligible is 17 or the state minimum, whichever is higher.

SunTrust Custom Choice Student Loan does not have or does not disclose a minimum annual income eligibility requirement. SunTrust Custom Choice Student Loan only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

U.S. citizens are, of course, eligible for the services offered by SunTrust Custom Choice Student Loan. Permanent resident / green card holders are also eligible to apply. An uncommon feature is for lenders to offer their services to non-residents. SunTrust Bank is one of the few that does.

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

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

Feature Breakdown

No Interest Grace Period for Late Payment 6 days
No Origination Fee  
No Prepayment Fee  
Cosigner Optional  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
Minimum Age 17
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Proof of Residence
  • Proof of citizenship/residence (Green Card)
Funding Time Range 7 - 14 days
Payment Options Automatic Payments
Unemployment Protection  
Loan Term 7 - 15 years
Fixed APR 4.751% - 11.5%
Variable APR 3.501% - 10.55%
Loan Amount $1,001 - $175,000

SunTrust Custom Choice Student Loan Community Reviews

 

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