PNC Bank HELOC Review 2025
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Our Take
4.5
PNC stands out for being one of the largest HELOC lenders in the country by volume. PNC’s HELOC offers an introductory rate below prime for the first six months, a wide range of repayment terms and no initial draw requirements. Borrowers also have the option to fix the interest rate on some or all of their loan balance. However, there is an annual fee of $50.
Pros
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Offers an introductory rate below the prime rate.
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Repayment period up to 30 years.
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Among the largest HELOC lenders by origination volume.
Cons
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Time to close is higher than average among lenders surveyed by NerdWallet.
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$50 annual fee, except for private wealth clients.
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Borrowers in California, North Carolina and New York will pay an origination fee.
Lender | Max. loan amount | Max LTV | Min. credit score | |
|---|---|---|---|---|
 Visit Lenderat Figure at Figure | $750,000 | 85% | 600 | Visit Lenderat Figure at Figure |
 4.5 Visit Lenderat Achieve at Achieve | $300,000 | 85% | 600 | Visit Lenderat Achieve at Achieve |
 4.0 Visit Lenderat Upstart Mortgage LLC at Upstart Mortgage LLC | $250,000 | 95% | 600 | Visit Lenderat Upstart Mortgage LLC at Upstart Mortgage LLC |
 Visit Lenderat New American Funding at New American Funding | $750,000 | 90% | 620 | Visit Lenderat New American Funding at New American Funding |
 Visit Lenderat NBKC at NBKC | $250,000 | 85% | 720 | Visit Lenderat NBKC at NBKC |
Full Review
💲PNC Bank HELOC Rates
HELOC rates are determined by two things. The first is the prime rate, which is what banks pay to borrow from one another. The second part is a margin, which the lender calculates based on your financial qualifications (including your credit score, existing debts and income). The prime rate plus your margin equals your HELOC rate offer.
Current prime rate | Prime rate last week | Prime rate in the past year — low | Prime rate in the past year — high |
|---|---|---|---|
7% | 7% | 7% | 8% |
In our research, we found sample rates posted online for customers in applicable states.
👍 Reasons to get a PNC Bank HELOC
PNC Bank is one of the largest HELOC lenders in the nation by volume, according to data compiled by Inside Mortgage Finance. PNC HELOC borrowers can take advantage of a fixed-rate option as well as repayment terms up to 30 years.
There is no initial draw requirement, and HELOCs are available for second homes.
New borrowers can get an introductory rate below prime for the first six months, and customers can get a rate discount by enrolling in automatic payments from a PNC checking account.
» MORE: Best HELOC lenders
🤔 Reasons why PNC Bank’s HELOC gives us pause
A PNC HELOC may take more time to fund than what you’d find at other lenders. PNC told us that HELOC applications are approved within 30 days and funded within 50 days; comparatively, the average time to close among HELOC lenders surveyed by NerdWallet in 2025 was 24 days.
Borrowers in the states of California, North Carolina, and New York will pay an origination fee between $199 and $499, depending on loan size; private bank clients are exempt. All borrowers (except private bank and wealth clients) pay an annual fee of $50.
📎 Ways to apply for a PNC Bank HELOC
How to Apply | Availability |
Online 🧑💻 | ✅ |
Over the phone 📞 | ✅ |
Mobile app 📶 | 🚫 |
In person 🏦 | ✅ |
Borrowers can contact PNC customer service in person or over the phone.
🛒 Alternatives to a PNC Bank HELOC
Wondering if another lender or product might be a better fit? It’s worth it to shop around to learn more about your options.
If you like PNC’s extensive experience with HELOCs, consider Citizens Bank, which was among the largest HELOC lenders by volume in 2024.
If you like the predictability of a HELOC with a fixed-rate option, Bank of America is a five-star HELOC lender that offers this alternative.
Finally, if you need access to cash quickly, Figure offers a HELOC that funds in as few as five days.
A HELOC isn’t your only option
You can also explore products outside of HELOCs. Alternatives to home equity lines of credit include a home equity loan, which offers a lump sum with a fixed rate, or a cash-out refinance, which replaces your existing mortgage with a larger loan.
Of these options, PNC offers cash-out refinancing and home equity loans.
Borrow from your home’s equity
NerdWallet’s HELOC star ratings are independently researched and developed by the editorial team based on the following factors: HELOC lending volume, maximum combined loan-to-value ratio, whether a fixed-rate option is available, initial draw requirements, flexibility of draw and repayment terms, average time to close, interest rate transparency, length of any introductory term below the prime rate, lender fees, availability for second homes, application availability and customer support options. Lenders can receive bonus points for offering options for HELOC rate discounts. A recent regulatory action against a lender may affect its HELOC star rating.
