No prepayment penalty: Unlike some lenders, PNC Bank gives you the freedom to pay off your loan early without a fee.
No origination fee: PNC bank is one of the few personal loan lenders that do not charge an origination fee.
Perks for PNC Bank customers: If you already have a PNC checking account, you can earn a 0.25 percent discount on your PNC personal loan rates by setting up automatic payments.
Personal loans are available in all 50 states: PNC bank offers personal loans in all 50 states online, by phone, or at branch locations in 21 states and the District of Columbia.
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.
APR range based on zip code: With PNC Bank, consumers can look up rates based on their zip code.
PNC offers unsecured personal loans that range from $1,000 to $35,000. These lines of credit come with repayment terms of six to 60 months in some states. The bank’s fixed interest 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. Borrowers with good credit will have an easier time qualifying.
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.
You can apply for an unsecured personal loan through the PNC Bank Website, by phone, or in-person at a branch. The fastest way to start the process is by using its online application where you can receive a loan offer and see your estimated monthly payment.
In order to apply for a loan, you’ll need to provide your full name, Social Security number, date of birth, and 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-applicants 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. We suggest studying PNC personal loan reviews before borrowing.
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.