Auto financing or refinancing with a Personal Line of Credit


Buy or refinance a car and more with a Personal Line of Credit [1]


auto loan refinancing See your rate (2 min)
6.95–8.45 % APR[2]
OUR LOWEST FIXED RATES WITH DISCOUNTS

Whether you’re looking to buy a car, refinance your current auto loan, buyout a lease or pay off other debt, we can offer personalized solutions that fit your unique needs.

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auto loan refinancing
  • auto loan refinancing
    Buy or refinance your car
  • refinance student loans
    Refinance your student loans
  • minor home improvement financing
    Cover minor home improvements
  • 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
    And more. Ask your banker

First Republic’s Personal Line of Credit provides access to revolving credit during a two-year draw period, followed by a repayment period for the remainder of the loan term.

Use a Personal Line of Credit to buy or refinance a car and more.

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Low fixed rates

Purchase a new vehicle or refinance your current auto loan with fixed rates as low as 6.95% APR with discounts. Plus, you only pay interest on what you draw for the first two years, with the ability to make additional principal payments at any time.

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No collateral required

Personal Line of Credit can be used to purchase or refinance electric vehicles (EV), hybrids, recreational vehicles (RV) and more, without adding First Republic Bank as a lienholder on the vehicle's title.

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Convenience

Choose from loan term options of 7, 10 and 15 years to cover minor home improvements such as solar panels, refinance student loans, or fund large purchases and more. What’s more, you won’t be charged origination or prepayment fees — ever.

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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. Currently, all payments for certain types of federal student loans are suspended potentially until June 30, 2023, per an executive order by the President. Interest will not accrue during this time period. For more information, please visit ed.gov.

Additional features of a Personal Line of Credit.

Flexibility

Access a line of credit from $70,000 to $100,000 for a car purchase and more. The maximum credit limit is $350,000 when refinancing eligible debt with a maximum of $100,000 available to draw at the time of origination.[3]

Access to revolving credit

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

Your own personal banker

Take advantage of tailored services from your dedicated banker, who will walk you through the process from start to finish.


See your rate (2 min)

There’s more you can do with a Personal Line of Credit.

Learn more about our Personal Line of Credit and how to use it.


refinance your student loans

Refinance your student loans
minor home improvement financing

Fund minor home improvements
plans for your family's future width=

Plan for your family's future

pay for medical or dental procedures

Pay for medical or dental procedures

ask your banker

And more. Ask your banker


See your rate (2 min)

There’s more you can do with a Personal Line of Credit

Learn more about our Personal Line of Credit and how to use it.

refinance student loans

Refinance student loans

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

Plans for your family's future

pay your taxes

And more. Ask your banker

 
See your rate (2 min)

FAQs when buying or refinancing a car.

  • Why should I choose a Personal Line of Credit over auto loans?
  • I am looking to use a Personal Line of Credit to buy a new car. What should I do?
  • Is there a Personal Line of Credit calculator to estimate my monthly payments?
  • Can I use a Personal Line of Credit beyond buying or refinancing a car?
  • How are my loan payments structured?
  • What are the requirements to receive the lowest listed rates?
  • I have more questions about Personal Line of Credit and how to use it.

Articles and Insights

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

1 Personal Line of Credit is an unsecured consumer loan that 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 and cryptocurrency), for speculative purposes, for business or commercial uses, for a down payment on any property or for the direct payment of post-secondary educational expenses. This product cannot be used to pay off credit card debt at origination. Please note only debts that appear on your consumer credit report or student loans are eligible to be repaid 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.

Borrower must open a First Republic ATM Rebate Checking account (“Account”). Terms and conditions apply to the Account.

2 Annual Percentage Rate. Rates effective as of March 21, 2023, and are subject to change.

If the Account is closed, the rate will increase by 5.00%. Rates shown include relationship-based pricing adjustments of: a) 2.00% for maintaining automatic payments and direct deposit with the Account, b) an additional 0.50% for depositing and maintaining a deposit balance of at least 10% of the approved loan amount into the Account, and c) an additional 0.25% for depositing and maintaining a deposit balance of at least 20% of the approved loan amount into the Account, with the option to deposit up to half of that 20% into an Eagle Invest account.

Eagle Invest is an investment advisory service offered by First Republic Investment Management, Inc., sub-advised by SigFig Wealth Management, LLC (SigFig). SigFig is an SEC-registered investment adviser and a subsidiary of Nvest, Inc. SigFig is not affiliated with First Republic Private Wealth Management or any of its affiliates, nor is it affiliated with Pershing, LLC. For more information, please see SigFig's privacy policy on their public website. $5,000 minimum investment required.

Investment Advisory Services are offered through First Republic Investment Management, an SEC-Registered Investment Advisor and a wholly owned subsidiary of First Republic Bank.

Investment and Advisory Products and Services are Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

3 Personal Line of Credit minimum is $70,000; maximum is the lesser of $350,000 or debt amount to be repaid at origination plus $100,000. If no debt to be repaid at origination, the maximum loan amount is $100,000. This product cannot be used to pay off credit card debt at origination. Please note only debts that appear on your consumer credit report or student loans are eligible to be repaid at origination. 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 firstrepublic.com/locations. Applicants must meet a First Republic banker to open account. This is not a commitment to lend. Loan approval is subject to a completed application with associated documentation and confirmation that income, liquidity, credit history and other application information meet the minimum requirements for this product. Applicants should discuss line of credit terms, conditions and account details with their banker.

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