Personal Line of Credit Resources

Connecting you with the tools and resources to determine whether a Personal Line of Credit is the right option for you. 

Referral Program

When you become a Personal Line of Credit[1] 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 [2]. Your friend will also earn $300 when they book their loan[3].

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.

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.

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.

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.

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.

©2020 First Republic Bank, Member FDIC and Equal Housing Lender

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