SunTrust Select Credit Line

SunTrust Select Credit Line Review

SunTrust Select Credit Line is offered through SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. Suntrust personal line of credit are available in 50 states (and Washington, DC).

Suntrust personal line of credit FAQ

What APRs does SunTrust Select Credit Line offer?

SunTrust Select Credit Line offers a variable APR product that ranges from 5.75% 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 Select Credit Line charge a statement balance fee?

No, this lender does not charge a statement balance fee.

Does SunTrust Select Credit Line charge a late 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 $5,000,000. .

What do you need to qualify for SunTrust Select Credit Line?

SunTrust Select Credit Line does not have or does not disclose a minimum annual income eligibility requirement. SunTrust Select Credit Line 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 Select Credit Line. 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 Select Credit Line.

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

• Proof of income
• Driver's license
• Proof of identity

Does SunTrust Select Credit Line report your account activity to credit bureaus?

Yes, SunTrust Select Credit Line 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 "strongly recommended" SuperMoney community rating, they appear to be a very 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.