Guide on How Much You Can Borrow Under SunTrust Debt Consolidation Loan
SUNTRUST DEBT CONSOLIDATION LOAN – Here is a guide on how much you can borrow under this loan offer of SunTrust Bank.
There are several types of loans usually offered by banks. The most common are the personal loan, the salary loan, the home loan, the auto loan, and the business loan. Most banks around the world got all these offers.
With regards to unique loan offers, it include those that aim to consolidate several debts or credit lines into a single loan. Usually, it is offered by government agencies but there are also some banks with the said offer.
One of the banks in the United States that has this type of offer is the SunTrust Bank. It can lend you a huge amount of money to pay for your existing loans so you only have to deal with a single debt after it provided that these existing loans are not under the same offer.
The SunTrust Debt Consolidation Loan is an unsecured type of loan – meaning it is collateral free or you don’t need a property to use as a collateral in applying for it. Do you want to know how much you can borrow under this offer?
- Minimum Loanable Amount – $5,000.00
- Maximum Loanable Amount – $100,000.00
With regards to the interest rate under this SunTrust Debt Consolidation Loan, it is at 5.95% annual percentage rate (APR) with AutoPay. The loan term is from 24 months to 84 months of repayment.
Under this loan offer, there are no fees and the interest is not tax-deductible. You can have access to the fund quickly and the application can be done online. You may visit the bank’s official website – https://www.suntrust.com/loans/debt-consolidation.
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