Personal Line of Credit consists of a two-year, interest-only, revolving draw period followed by a fully amortizing repayment period of the remainder of the term. Draws are not permitted during the repayment period. Full terms of 7, 10 and 15 years available. This product can only be used for personal, family or household purposes. It cannot be used for the following (among other prohibitions): to refinance or pay any First Republic loans or lines of credit, to purchase securities or investment products (including margin stock), for speculative purposes, for business or commercial uses, or for the direct payment of post-secondary educational expenses. This product cannot be used to pay off credit card debt at origination. The terms of this product may differ from terms of your current loan(s) that are being paid off, including but not limited to student loans. By repaying such loans, you may permanently be giving up tax and repayment benefits, including forbearance, deferment and forgiveness, and you may not be able to reobtain such benefits if this loan is refinanced with another lender in the future.
Annual Percentage Rate. Rates effective as of 10/01/2020 and are subject to change. Borrower must open a First Republic ATM Rebate Checking account (“Account”). Terms and conditions apply to the Account. If the Account is closed, the rate will increase by 5.00%. Rates shown include relationship-based pricing adjustments of: 1) 2.00% for maintaining automatic payments and direct deposit with the Account, 2) 0.50% for depositing and maintaining a deposit balance of at least 10% of the approved loan amount into the Account, and 3) an additional 0.25% for depositing and maintaining a deposit balance of at least 20% of the approved loan amount into the Account.
$300 offer is extended only to Personal Line of Credit clients who are new to First Republic, located within the First Republic footprint and use the First Republic referral link to access the Personal Line of Credit calculator. For a list of locations, visit firstrepublic.com/locations. To qualify for the offer, your loan application must be received by First Republic between 3/10/2021 and 12/31/2021 and booked. $300 will be credited to your ATM Rebate Checking account once the loan has been approved and booked. $300 bonus is reportable for tax purposes in the year credited. Limited to one bonus per new client. Offer is nontransferable, cannot be combined with other offers and is subject to change without notice.
Contact your legal, tax and financial advisors for advice on deciding whether this is the right product for you. Terms and conditions apply. Product is not available in all markets. For a complete list of locations, visit firstrepublic.com/locations. Applicants must meet a First Republic banker to open account. This is not a commitment to lend; all lending is subject to First Republic’s underwriting standards. Applicants should discuss line of credit terms, conditions and account details with their banker.
Banking products and services are provided by First Republic Bank, Member FDIC and Equal Housing Lender .
