First Republic’s Personal Line of Credit offers several unique features that may not be available with medical loans, including:
Access to revolving credit: Personal Line of Credit offers access to revolving credit, which allows you to borrow funds up to a preset limit during a two-year draw period.
Make interest-only payments: With a Personal Line of Credit you have the option to pay interest only on what you draw for the first two years. Learn more about the draw period feature.
Refinance other eligible debt: Unlike medical loans, a First Republic Personal Line of Credit can help you with other expenses — including minor home improvements, student loan refinancing, auto loans and more.