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Loan365.pro

Consumer Loans and Lines of Credit


Important Information About These Products

1 You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.

2 Consult your tax advisor regarding deductibility of interest.

3 Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

* Payment example: Monthly payments for a $10,000 loan at 4.99% APR with a term of three years would result in 36 monthly payments of $299.66.

Maximum APR for a LightStream loan is 14.49% w/AutoPay.

4 Special Rate Advance: The special advance rate is variable for fifteen (15) months and is applicable only for an initial advance of $25,000 or more taken under the variable rate option at the closing of the line of credit, to be disbursed immediately upon expiration of any applicable rescission period, and is valid for approved applications received by 3/31/17 and that close by 5/15/2017. An initial advance of $25,000 or more taken at closing under this option shall accrue interest at the Special Rate for a period of fifteen (15) months from the date of disbursement of the advance. Special Rate Advance may not be used to pay off or pay down any SunTrust debt. Advances under this option subsequent to the Special Rate Advance, as well as any promotional balance remaining upon expiration of the Special Rate, shall accrue interest at the standard rate(s) and margin(s) as described below and in your Equity Line Agreement. Offer subject to change without notice at any time.

5 Minimum required line amount for this interest rate is $50,000 and is based on a maximum Combined Loan-To-Value (CLTV) of 70% or less except in FL where it is based on a maximum CLTV of 60% or less. The lowest rate listed includes a 0.25% interest rate reduction obtained if the payment is automatically deducted from a SunTrust checking, savings or money market account using the recurring automatic payment option. For the SunTrust Equity Line, this interest rate reduction does not apply to promotional rate advances, Fixed Rate/Fixed Term Advances or during the Repayment Period. All loan and line discount offers are subject to change. Offer is available for new and refinanced consumer home equity lines as well as for home equity credit line increases. Relationship pricing discounts are not available on existing consumer loans or lines of credit. The Prime Rate means the highest per annum “Prime Rate” of interest published from time to time by The Wall Street Journal in its “Money Rates” listings, which was 3.75% on 12/15/16. Standard APRs are variable; are based on your collateral property location, credit line amount, Combined Loan-To-Value (CLTV) ratio and other factors; and can range from Prime + 0.25% (currently 4.00% APR) to Prime + 8.54% (currently 12.29% APR) (during the 20-year repayment period for this option, the APR will continue to be calculated at a variable rate and your minimum monthly payment will be 1/240th of the total

balance at the end of the draw period, plus interest and any applicable fees/charges). The maximum APR is 18% for properties located in FL, GA, TN, AL, SC, VA, MD, DC, AR, WV and MS. The maximum APR is 16% for properties located in NC. Offer and rates subject to change without notice. Offer is only available for owner-occupied, single-family, primary residences and condominiums located in FL, GA, TN, AL, SC, VA, NC, MD, DC, AR, WV or MS, and is not valid on second homes, manufactured homes or cooperatives. SunTrust must be in a valid first- or second-lien position. Exclusions and limitations apply. Property insurance is required and, if applicable, flood insurance will be required. For each advance taken under the Fixed Rate/Fixed Term option, there will be a $15 processing fee (except in MD and NC). There is a $65 annual fee, if and as allowed by applicable law, which is waived for clients with a Signature Advantage account or clients enrolled in Premier Banking. Preliminary line decisions are usually made within 24 hours on applications received during normal banking hours.

6 A 0.25% interest rate reduction off the standard rate of a consumer line of credit is available if the payment is automatically deducted from a SunTrust checking, savings or money market account using a recurring, automatic payment. For the SunTrust Equity Line, this interest rate reduction does not apply to promotional rate advances, Fixed Rate/Fixed Term advances, or during the Repayment Period. All line discount offers are subject to change. Offer for new and refinanced eligible consumer loans and lines of credit, as well as for credit line increases. A relationship discount is 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.

7 For new lines of $10,000 or more, SunTrust will advance certain costs on your behalf, including the first property/collateral valuation obtained by SunTrust, but excluding: any subsequent property/collateral valuation not required by us; and, if required, title insurance and related fees, and any new or increased homeowner’s and/or flood insurance premiums. For equity lines secured by a condominium unit, you may be required to pay a Condominium Questionnaire fee, between $50 and $500, to your Home Owner's Association. However, if your account is closed within three (3) years, we will add any closing costs we advanced on your behalf to your outstanding balance for our reimbursement. Total closing costs generally range from $100 to $1,500.

8 Personal 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 3.75% on 12/15/2016. For a Personal Credit Line Plus, standard APRs could range from Prime + 3.15% (currently 6.90% APR) to Prime + 3.95% (currently 7.70% APR) and are based on your credit line amount and creditworthiness. For a Select Credit Line, standard APRs could range from Prime + 0.50% (currently 4.25% APR) to Prime + 0.95% (currently 4.70% APR) and are based on your credit line amount and creditworthiness. The maximum APR for loans in AL, AR, DC, GA, MD, SC and VA is 24%. The maximum APR for loans in TN is 21%. The maximum APR for loans in FL, MS, NC and WV is 18%.


Category: Bank loan

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