SunTrust Bank
Phone: 1-800.SUNTRUST,877.752.2797,800.786.8787
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Name
Select Credit Line
Category
Description
SunTrust offers a revolving line of credit up to $750,000 you could use for any expense or opportunity. With the SunTrust Select Credit Line, you get a low interest rate and a generous line of credit—without using your home as collateral. To secure the line, you must have a minimum of $100,000 in investable assets within a SunTrust savings account, CD or brokerage account to use as collateral.
The Select Credit Line works as a short-term bridge in case an emergency or opportunity arises—bypassing the need for a high-interest credit card.
The Select Credit Line works as a short-term bridge in case an emergency or opportunity arises—bypassing the need for a high-interest credit card.
Benefit
Credit lines from $25,000-$750,000
Revolving line of credit with terms up to four years
Does not require your home as collateral
Minimum monthly payment—interest only1
Up to 0.75% in interest rate reductions available2
No pre-payment penalties
Interest Rate
A 0.25% interest rate reduction off the standard rate may be obtained with a qualifying SunTrust deposit relationship; an additional 0.25% interest rate reduction off the standard rate is provided if payment is automatically deducted from a qualifying Sun
Conditions
Making only the minimum payment due each due date will not reduce your principal balance on this line.
Featured
Yes
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