physician loan options from sun trust.

Physician Loans

SunTrust is another bank that offers physician loans.

SunTrust recognizes the special financial needs of Training or practicing doctors and pharmacists working in the medical field. Suntrust can provide physician loan to cover every thing from living and school expenses to taxes, equipment, relocation costs or any unforseen cost. The extra money can also be used to consolidate credit card debt, which may substantially lower interest rates and monthly payments.

Suntrust provides unsecured physician loan to cover the credit needs of physicians and pharmacists under various financial circumstances.

Features

* Fixed or variable-rate pricing
* Generous repayment terms
* Interest-only payment options*
* Loan amounts from $5,000 to $75,000, depending on your level of training or the number of years in practice
* No application or origination fees, no prepayment penalties, no credit life insurance requirements, and no hidden charges


PCL Plus Line of Credit
In addition, for doctors-in-practice, SunTrust Bank offers PCL Plus – a line of credit designed specifically for medical professionals to help pay for the finances associated with running a practice.†

Features

* Variable rates
* Line amounts from $25,000 to $40,000
* Interest-only payments
* No prepayment penalties

The student loan can also be consolidated with the physician loan to reduce the interest payments.