Item: PNC Bank Personal Loan
Rating: 4
Author: Jackie Veling

4.0

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4.0

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Est. APR

7.89 - 26.44%

Min. credit score

None

Time to fund

1 day

Loan amount

$1K - $35K

Loan term

6 months to 5 years

Overview

PNC Bank offers small-to-medium unsecured personal loans with flexible repayment terms to both customers and non-customers.

PNC personal loans are only available in about half of the United States, and loan details may vary by state or ZIP code. Enter your ZIP code on the lender’s website to find out what’s available in your area.

» MORE: Compare the best personal loans

What PNC is best for

Best Wedding Loans

Best Banks For Personal Loans

Detailed breakdown

Affordability

(25%)

4.5/5

We review lenders’ annual percentage rate offerings and the competitiveness of each lenders’ APR range. We also assess whether a lender charges an origination fee and any opportunity for borrowers to receive a rate discount.

Customer experience

(20%)

5/5

We consider the experience of the consumer trying to manage a personal loan, which means accessibility of customer service representatives, whether borrowers can choose and change their payment due date, and the ability to track their loan on a mobile app.

Underwriting and eligibility

(20%)

3.5/5

We consider the rigorousness of each lender’s underwriting practices and how widely available their loans are. This category includes whether a lender does a hard credit check before providing a loan, the range of credit profiles they accept and how many states their loans are offered in.

Loan flexibility

(20%)

3.5/5

We assess how flexible lenders can be with borrowers, including whether they offer multiple loan types, personal loan amounts and repayment term options and whether they offer direct payment to creditors on debt consolidation loans.

Application process

(15%)

3.5/5

We consider the lender’s full application process, including a borrower’s ability to preview their loan offer via pre-qualification, whether basic loan information such as APR range and repayment terms are available and easy to find online and how quickly a loan can be funded after approval.

Overall

4/5

Read more about our ratings methodology for personal loans.

Where PNC Bank personal loans stand out

Autopay discount: Borrowers who set up automatic payments from a PNC checking account can qualify for a rate discount of 0.25 percentage points. This helps lower the overall interest paid on the loan.
Joint loans: The lender allows co-borrowers, so you can add another person to your loan application. Adding someone with a higher credit score than you could increase your chances of getting approved for a larger loan or lower rate.
Direct payment to creditors: If you want to use a PNC personal loan to consolidate debt, the bank will send loan funds directly to creditors instead of depositing them in your account. Though this isn’t a must-have for a debt consolidation loan, this perk saves you the step of sending the funds yourself.
Flexible terms: Borrowers at PNC can choose from a variety of repayment terms ranging from six months to five years. A longer term may mean more affordable monthly payments, while a shorter term means you'll pay less interest on the loan. Borrowers can also choose their payment due date when they sign a loan agreement and change it once every 12 months during repayment, with some restrictions.

Where PNC Bank personal loans fall short

Available in a limited number of states: PNC Bank personal loans are only available in 26 states and Washington, D.C (see the full list of states lower down). Many other lenders provide personal loans in all 50 states.
Non-customers may need to visit a branch: Current online banking customers can apply online and may receive funds in their account the same day they sign the loan documents. Non-customers will need to visit a branch to close the loan, which delays funding time and may be inconvenient for borrowers.
No large loan amounts: PNC has you covered if you want a small- or medium-sized personal loan. But if you’re looking to cover an especially large purchase, or to fund an expensive project like a major home repair, you’ll need to look elsewhere.
No pre-qualification with a soft credit pull: Unlike most other personal loan lenders, PNC doesn’t allow borrowers to pre-qualify. Pre-qualification is a fast way to determine what potential loan amount, rate, repayment term and monthly payment a lender could offer you, without undergoing a hard credit check.

How to qualify

PNC doesn't publicly disclose many of its borrower requirements, including its minimum credit score. But according to the lender, it serves borrowers with good to excellent credit (scores in the mid 600s or higher). PNC says it considers factors such as length of employment, citizenship and credit history on a personal loan application.

According to the lender’s website, PNC personal loans are available in the following states: AL, AZ, CO, CT, DC, DE, FL, GA, IL, IN, KY, MA, MD, MI, MO, NC, NJ, NM, NY, OH, PA, SC, TN, TX, VA, WI and WV. Certain restrictions apply for CT, MA, NY and TN.

PNC’s borrowing requirements

Must provide a Social Security number.
Must provide photo ID (driver's license, state-issued ID or U.S. passport).
Must have a valid U.S. bank account, email address and physical address.
Must provide proof of employment or income.
Must not have any previous bankruptcies.

» MORE: How to get a personal loan

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Compare PNC Bank to the best lenders

4.0	4.5	5.0	5.0
EST. APR 7.89% - 26.44%	EST. APR 8.74% - 35.49%	EST. APR 7.9% - 35.99%	EST. APR 7.74% - 35.99%
LOAN AMOUNT $1K - $35K	LOAN AMOUNT $5K - $100K	LOAN AMOUNT $1K - $60K	LOAN AMOUNT $1K - $50K
MIN. CREDIT SCORE None Check Rates	MIN. CREDIT SCORE None Check Rates	MIN. CREDIT SCORE 600 Check Rates	MIN. CREDIT SCORE 600 Check Rates