Personal Line Of Credit

Personal line of credit

Designed with your financial goals in mind.

2.25–3.50 % APR[1]

SCPMG has collaborated with First Republic Bank to offer you an exclusive welcome bonus[2] when you refinance your student loans or other loans through a Personal Line of Credit.[3].

Schedule a call with a Relationship Manager

Discover the benefits of refinancing with First Republic.

  • Industry-low fixed rates

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

  • Refinance existing debt

    Combine your existing debt into one convenient monthly payment.

  • Welcome Bonus

    As a welcome to First Republic, new clients will receive a $400 welcome bonus when they refinance their student loans or other loans through a Personal Line of Credit.[2]

  • 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.

  • Your own personal banker

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

Questions? Contact us at or call (310) 407-1333.

Articles and Insights

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

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 $400 offer is extended only to Personal Line of Credit clients who are new to First Republic, located within the First Republic footprint and all Southern California SCPMG locations, and is an employee of SCPMG. For a list of locations, please visit To qualify for the offer, your loan application must be received and booked by First Republic between June 15, 2020 and December 31, 2020. $400 will be credited in your ATM Rebate Checking account once the loan has been approved and booked. $400 bonus is reportable for tax purposes in the year credited. Limited one bonus per new client. Offer is nontransferable, cannot be combined with other offers and is subject to change without notice.

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. 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.

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.

© 2020 First Republic Bank.

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