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- Borrowers with good to excellent credit
- Borrowers looking to take out $15,000 or more
PNC Bank is a full-service bank with brick-and-mortar branches located throughout the U.S. and online services available nationwide.
You might be able to borrow up to $35,000 with a PNC personal loan, but keep in mind that actual loan amounts will depend on your location as well as other factors. Also note that PNC Bank isn’t a Credible partner lender.
In this PNC personal loans review:
- PNC Bank interest rates and loan details
- PNC Bank personal loans review
- How PNC Bank compares to other lenders
- How to take out a personal loan with PNC Bank
- How PNC Bank can improve
PNC Bank interest rates and loan details
PNC Bank’s personal loans are unsecured, which means you won’t need collateral. And because PNC originates and services its own loans, you don’t have to worry about your loan being sold to a company you’re unfamiliar with.
Here’s what you should know about PNC Bank personal loans:
|Loan amounts||$1,000 to $35,000
(depending on location)
|Loan terms||6 months to 5 years|
|Time to fund||Up to one week for credit approval with funds disbursed shortly after|
|Fees||No application or origination fees|
|Loan use||Most personal expenses
(can’t be used for post-secondary education expenses or student-loan refinancing)
PNC Bank personal loans review
With a PNC Bank personal loan, you can borrow $1,000 up to $35,000. These loans come with a fixed interest rate and repayment terms ranging from six months to five years.
While you can take out small personal loans with PNC Bank, you’ll generally get better rates if you borrow $15,000 or more.
PNC Bank doesn’t charge application or origination fees on personal loans. You also won’t have to worry about any penalties if you pay your loan off early.
Check Out: Credit Card Refinancing Loans
How to qualify
You can apply for a PNC Bank personal loan online, by phone, or at a branch office. To qualify, you must:
- Be a U.S. citizen
- Be 18 or older
- Meet PNC Bank’s income and credit requirements as well as other eligibility criteria
While some personal loan applicants get an immediate approval decision, it could take up to seven days to receive a decision on larger loan amounts (a loan officer will call to let you know).
If you’re approved, the time to fund is typically just a day or two after you submit any required documentation.
Repayment terms for a PNC Bank personal loan range from six months to five years. You can make payments online, by phone, or by mail.
You could also get a 0.25% rate discount if you sign up for automatic payments from a PNC checking account.
There’s no pre-payment penalty, which means you could pay off your loan early to save on interest charges.
Learn More: Debt Consolidation Loans
How PNC Bank compares to other lenders
Here’s how PNC Bank stacks up against two of Credible’s partner lenders:
|Fixed rates||Check with lender||5.99% - 24.99% APR||5.24% - 19.99% APR|
|Loan amount||$1,000 to $35,000|
(depending on location)
|$2,500 to $35,000||$5,000 to $100,000|
|Loan terms||6 months to 5 years||36 to 84 months||
|Time to get funds||Up to one week for credit approval with funds disbursed shortly after||As soon as the next business day after acceptance||As soon as the same business day|
|Min. credit score||Check with lender||660||660|
How to take out a personal loan with PNC Bank
PNC Bank could be a good choice for borrowers with good credit who are looking for low-interest personal loans — mainly if they’re wanting to borrow $15,000 or more to take advantage of competitive rates.
To take out a personal loan with PNC Bank, you can apply online, over the phone, or at a branch location.
But before you apply, make sure to shop around and consider as many personal loan lenders as possible to find the right loan for you. PNC Bank isn’t one of Credible’s partners, but you can use Credible to compare rates from other vetted lenders in two minutes.
How PNC Bank can improve
PNC Bank is a reputable financial institution with several banking products available, including personal loans. But there are a few ways it could improve:
- Offer consistent loan amounts. The loan amounts for PNC Bank personal loans vary by state. This means you might not be able to borrow as much if you live in one state compared to another. If you need to borrow a large loan amount, another lender might be a better option.
- Provide more autopay discount options. Many personal loan lenders offer a rate discount if you sign up for autopay. PNC Bank does, too — however, you must have your payments taken out of a PNC checking account, which limits how many borrowers can take advantage of the discount.
- Include more info on its website. PNC Bank’s online personal loan information is limited — you won’t find many details on its website about eligibility or credit requirements. This means you might have to call customer service or visit a branch for more information.
Keep Reading: Best Personal Loan Companies
About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 5.24%-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 10%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.