PNC Logo

Our Rating (82.3%)

PNC Bank Personal Loan Review

Loan Amount: $1,000 - $35,000
Minimum Credit Score: 620
APRs From: 6.24% - 35.99%
Funding Speed: Not Specified

Features of PNC Bank Personal Loans

Pros

  • No prepayment penalty
  • Perks for PNC Bank customers

Cons

  • Products vary by location
  • May have to visit a branch to receive funds

About PNC Bank Personal Loans

You may not expect a traditional brick-and-mortar bank to offer competitive personal loans with low rates and fees, but PNC Bank is doing just that. If you need to consolidate high-interest debt, make home improvements or finance a major purchase, take a look at what PNC personal loans have to offer.As one of the largest banks in the nation by assets, PNC provides unsecured personal installment loans with fixed rates that vary by location. While borrowers don’t need an existing relationship with PNC to get a loan, those with a PNC checking account who opt for automatic loan payments receive a discount on their interest rate.

PNC Bank Personal Loan Snapshot

Loan Amount:

$1,000 - $35,000

APR:

6.24% to 35.99%

Minimum Credit Score:

620

Time to Funding:

Not Specified

Pros and cons of PNC Bank Personal Loans

Before signing up for a loan with PNC Bank, take a look at this breakdown of some of its benefits and drawbacks.

Pros:

No prepayment penalty: Unlike some lenders, PNC Bank gives you the freedom to pay off your loan early without a fee.

Perks for PNC Bank customers: If you already have a PNC checking account, you can earn a 0.25 percent discount on your loan APR by setting up automatic payments.

Cons:

Products vary by location: Your location determines which APRs and repayment terms you’re eligible for. For some ZIP codes, this information is hard to come by on the PNC website.

May have to visit a branch to receive funds: Depending on your location, you may need to visit a branch in order to sign your loan documents, an inconvenience that many online-only lenders have eliminated.

Loan Terms

PNC offers unsecured personal loans that range from $1,000 to $35,000 and repayment terms of six to 60 months in some states. The bank’s fixed rates start at 6.24 percent in some ZIP codes, but the rates available to you depend on creditworthiness, loan amount and where you live.

PNC doesn’t disclose a minimum credit score to qualify for a loan, nor the amount of time it will take to fund your loan.

Fees and penalties

PNC keeps fees to a minimum. It has no origination fee and no prepayment penalty for its unsecured loans. But those who don’t have a checking account at PNC pay 0.25 percent more in interest.

How to get a Personal Loan with PNC Bank

You can apply for an unsecured personal loan from PNC through its website, by phone or in person at a branch. The fastest way to start the process is by using its online application.

In order to apply online, you’ll need to provide your full name, Social Security number, date of birth and a photo ID. Applicants also need to include their previous address, annual income and the amount they’d like to borrow. Those applying with a co-applicant will need to provide their co-applicant’s information as well.

While information about the approval process is scarce, borrowers in some states may need to visit a branch to sign final loan documents before receiving funding.

If you have questions about your loan options, customer care consultants are available at 1-888-762-2265 from 7 a.m. to 10 p.m. ET Monday through Friday and 8 a.m. to 5 p.m. ET Saturday and Sunday.