Suntrust medical program loans offer loans to Physicians with great rates and flexible repayment options. Suntrust sees the never-ending need for financing that Doctors face. They are looked at uniquely because their debt to income ratio is often rather high due to student loans. Suntrust program loans are offered to Doctors in their residency and those practicing on their own. Suntrust medical program loans provide the money Doctors need for both their personal and professional expense needs. With a wide range of loans and lines of credit, Suntrust provides Doctors with the money needed for all needs from relocating for work or consolidating lines of credit.
Common benefits to Suntrust medical program loans
- No application or origination fees
- Loan amounts from $5,000 to $75,000
- Fixed or variable-rate pricing
- Flexible repayment terms
- Interest-only payment options
- No prepayment penalties
- No credit life insurance requirements
- No hidden charges
Secure and Unsecured loans through Suntrust
Suntrust offers Doctors both secure and unsecured loan options.
Secured loans through Suntrust require the Doctors to use personal or business assets as a form of collateral. If the Doctor fails to meet the repayment obligation Suntrust can seize the assts and sell them to cover the cost of the loan. Providing these assets is a form of security to Suntrust, letting them know you will repay the loan
Unsecured loans through Suntrust are designed to meet the special credit needs of doctors in residency or a fellowship program, as well as those just starting to practice. Most Doctors just starting are lacking the assets needed for secure loans, this is why Suntrust offers them the financing needed with not assets used as collateral.
How to get a loan through Suntrust medical programs
- Contact Suntrust for their loan options for Doctors
- Make sure you meet Suntrust requirements
- Submit an application
- Negotiate the terms and conditions to the loan if possible
- Sign the contract and set up a repayment schedule
Chris Fuller went to the University of South Florida and has worked in the financial sector for over 20 years. He has extensive experience in all aspects of personal and small business lending, from personal loans, equipment finance to cash flow based solutions for small mom and pop businesses, and large corporations.