Personal Line Of Credit

Personal line of credit

Designed with your financial goals in mind.

2.25–3.50 % APR[1]
LOWEST FIXED RATES WITH DISCOUNTS

Refinance your debt — including student loans, home expenses and car loans — and fund your goals, all at one low fixed rate.[2]

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Discover the benefits of your Personal Line of Credit.

  • Industry-low fixed rates

    Get instant peace of mind and an opportunity to save more in the long term with our low fixed-interest rate options.

  • Refinance existing debt

    Combine your existing debt into one convenient monthly payment.

  • Interest-only payments

    Pay interest only on what you draw for the first two years, and repay the full loan with term options that best suit your financial goals.

  • Revolving access to credit

    Get convenient access to funds for large purchases. Plus, the amount you repay will be available to draw on again during the first two years.

  • No loan fees

    You won’t be charged origination, maintenance or prepayment fees — ever.

  • Referral Program

    When you become a Personal Line of Credit client, you are eligible for our client referral program. You can earn $300 when your friend books a Personal Line of Credit. You’ll also earn an extra $200 if they do so within 180 days of your booking date.[3] Your friend will also earn $300 when they book their loan.[4] 

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How can you use a Personal Line of Credit?

refinance your student loans

Refinance your student loans
cover home expenses

Cover home expenses

buy or refinance a car

Buy or refinance a car

pay for medical or dental procedures

Pay for medical or dental procedures

plans for your family's future

Plan for your family's future

pay your taxes

Pay your current taxes

Note: By refinancing student loans, you may permanently be giving up tax and repayment benefits, including forbearance, deferment and forgiveness. Please consider this as you make a decision to refinance student loans, and talk to a banker if you have any questions.

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See how First Republic compares.[5]

  • Annual Percentage Rate
    (with discounts)
  • Loan Size
  • Loan Term
  • Interest-Only Period
  • No Loan Fees
    (Origination, Maintenance or Prepayment)
  • Flexible Use of Funds

  • Personal Line of Credit
  • 2.25%–3.50% APR
    (fixed)
  • $60,000–$350,000[6]
  • 7, 10, 15 years
  • 2 years

  • Student Loan
    Refinancing

  • 2.59%–6.88% APR
    (fixed)
  • $5,000–$500,000
  • 5, 7, 10, 15, 20 years

  • Personal Loans

  • 5.99%–35.89% APR
    (variable)
  • $1,000–$100,000
  • 2–7 years

  • HELOC

  • 3.00%–21.00% APR
    (variable)
  • $17,500–$1M
  • 30 years
  • 10 Years
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How to Apply for a Personal Line of Credit

progress bar

Estimate your payments.

Tell us a little about yourself to estimate your new fixed interest rate and monthly payments.

Connect with a banker.

A personal banker will reach out to learn more about you and walk you through the options that work best for you.

Complete your application.

Submit your loan application from the convenience of your home with your personal verification documents.

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Questions?
We’re here to help.

  • What is the difference between a personal loan and a personal line of credit?
  • I’m looking to refinance my student loan debt. What happens if I get a Personal Line of Credit instead?
  • What should I use my Personal Line of Credit for?
  • Can I use this product to pay off or refinance my existing First Republic loan(s)?
  • How are my loan payments structured?
  • What amounts and term options are available?
  • What are the requirements to receive the lowest listed rates?
  • Is there a Personal Line of Credit payment calculator to see my rates?
  • Are there any fees associated with the First Republic Personal Line of Credit?
  • How do I draw on my Personal Line of Credit?
  • Why do you currently not offer the Personal Line of Credit in my state?
  • Do I need to have multiple loans in order to refinance them with First Republic Bank?
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Articles and Insights

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First Republic Bank Logo

Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender

1 Annual Percentage Rate. Rates effective as of June 15, 2020, and are subject to change.

Borrower must open a First Republic ATM Rebate Checking 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.

Minimum $500 to open an ATM Rebate Checking account. A monthly fee (currently $25) will apply if a minimum monthly average balance of $3,500 is not maintained. Domestic and foreign ATM access fees are rebated at the end of the monthly cycle. Foreign currency conversion and other usage fees vary by country and network and are not included in the rebated ATM access fees.

2 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. 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 payoff 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.

3 To be eligible, a referrer must 1) have a First Republic Bank Personal Line of Credit; 2) maintain their Account; and 3) refer a new first-time First Republic Bank client who books a Personal Line of Credit. Referrer will receive $300 for each referral booked and an extra $200 if the referee’s loan is booked within 180 days of the referrer’s booking date.

4 The person referred must be new to First Republic Bank and will receive $300 into their Account within two weeks of the booking date. Ask your banker for details. One bonus per household. Offers are effective until July 1, 2021 and are subject to change.

By participating in the Personal Line of Credit referral program, the applicant will be aware that the referrer is a client of First Republic Bank, and the referrer may become aware of whether or not the applicant becomes a client. Referral bonus amounts are reportable for tax purposes in the year credited. Consult your tax advisor. Ask your banker for details.

5 Lowest advertised rates and pricing adjustments for First Republic Bank and competitors. Based on rates and product information listed on competitor websites as of 2/25/2021. Student Loan Refinancing Sources: SoFi, Laurel Road, and CommonBond. Personal Loan Sources: Marcus, SoFi, and Lending Club. HELOC Sources: Citi, Citizens Bank, and Bank of America.

6 Personal Line of Credit minimum is $60,000; maximum is the lesser of $350,000 or debt to be repaid at origination plus $100,000. Line of credit cannot be fully drawn at origination.

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 the locations page. 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.

© 2021 First Republic Bank.

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