PNC Bank 2026 Personal Loan Review
PNC personal loans come with competitive rates and fast funding, but they’re only available to existing customers with good or excellent credit.
- Are an existing PNC customer.
- Want a wide range of repayment terms.Â
- Plan to set up automatic payments.
- Have bad credit.Â
- Want to apply for a co-signed, joint or secured loan.
- Prefer loan funds sent directly to creditors.
What to know about PNC Bank personal loans
PNC Bank offers personal loans to existing customers who are enrolled in online banking and have a PNC checking account. This loan is a good option if you need to cover a medium-sized expense with an affordable loan that funds fast.
PNC’s annual percentage rates are lower than most online lenders we reviewed. There’s also no origination fee, and you can likely qualify for a rate discount (more on that lower down).
Once you apply and sign the loan documents, PNC can send the money to your PNC personal checking account within one business day.
But if you want maximum flexibility, you’ll need to look elsewhere. PNC doesn't let you tie collateral to your loan application or apply with another person. It also won’t send loan funds directly to your creditors, which is a common perk offered by top debt consolidation lenders.
COMPARE: Best personal loan lenders
What we like most about PNC Bank
- Flexible repayment terms: You can choose from a particularly wide spread of repayment terms when you apply with PNC, including 12, 18, 24, 30, 36, 42, 48 and 60 months. These are more term options than many lenders we reviewed. If you choose a longer term, you’ll have smaller monthly payments, while a shorter term means you'll pay less interest on the loan.
- Autopay discount: If you set up automatic payments from your PNC checking account, you can qualify for a rate discount of 0.25 percentage points. You must opt into this feature during the loan closing. While this type of rate discount is common with lenders, it helps lower the overall interest paid on the loan. It also prevents late payments.
- Can choose and change payment date: PNC offers significant flexibility with your monthly due date. You can choose your initial due date when you sign a loan agreement, and you can change it once every 12 months during repayment, with some restrictions. This type of flexibility is important, especially if you take out a longer loan, since your pay schedule or due dates for other bills may change.
Why PNC Bank may not be right for you
- Limited loan amounts: PNC only offers medium-sized loans from $5,000 to $35,000. Some lenders offer small-dollar loans, meaning anything from a few hundred dollars to a few thousand dollars. Other lenders may offer large loans up to $100,000. Having a wide range of loan amounts makes it easier to borrow exactly what you need, no matter the size of the expense.
- No direct payment to creditors: If you want to use a personal loan to consolidate debt, you’ll have to pay off your creditors yourself. Several other lenders send loan funds directly to your creditors, instead of depositing the funds in your personal bank account. Direct payment to creditors helps streamline the debt-payoff process. If you’re looking for a debt consolidation loan, see our top picks here.
- No joint, co-signed or secured loan options: PNC only offers single-applicant unsecured loans. Most lenders we reviewed offer either secured loans or joint and co-signed loans. These options make it easier to qualify for a personal loan, since you’re tying valuable collateral to the loan application or applying with someone else who is also on the hook for repayment.
How much does a PNC Bank loan cost?
The total cost of your PNC loan depends on the amount borrowed, APR and loan term. Here is an example of how different rates affect the costs of a $15,000 loan with a four-year term. PNC didn’t disclose the APR range for its typical borrower, so these examples are based on its general APR range.
APR | 7%. | 25%. |
Monthly payment | $359. | $497. |
Total interest cost | $2,241. | $8,873. |
Total loan cost | $17,241. | $23,873. |
» MORE: Use our personal loan calculator to estimate your costs
Do you qualify for a PNC personal loan?
PNC doesn't publicly disclose many of its borrower requirements, and it doesn’t have a minimum credit score. But you’ll likely need good to excellent credit (a 690 credit score or higher) to qualify. You’ll also need to be enrolled in PNC online banking and have a PNC checking account.
PNC says it’s launching pre-qualification on its website in October 2026. That means you’ll be able to check whether you qualify for a loan, with no risk to your credit score, before you apply. Once you submit your application, PNC conducts a hard credit pull, which temporarily knocks a few points off your credit score.
PNC Bank personal loans are available in all states except Florida.
PNC Bank’s borrowing requirements
- Minimum credit score: None.Â
- Must be enrolled in PNC online banking and have a PNC checking account.
- Must provide a Social Security number and proof of residency.
- Must provide proof of employment or income.
- Must have a valid email address.
- Must not have any previous bankruptcies.
» MORE: How to get a personal loan
Frequently asked questions
Q: What fees does PNC charge?
A: After a 15-day grace period, PNC charges a late fee for missed payments. This fee is either 10% of the payment or $40, whichever is greater. PNC doesn’t charge an origination fee for processing your loan or a prepayment fee for paying off the loan early.
Q: What can I use a PNC personal loan for?
A: You can use a PNC loan for almost any purpose, including consolidating debt, funding a home improvement project, paying for a vacation or wedding, covering moving expenses or financing another large purchase or expense. You can’t use a PNC loan for higher education costs, business expenses, investing, gambling or illegal activities.
Q: Can I build my credit with a PNC loan?
A: PNC reports your personal loan payments to the three main credit bureaus (Experian, TransUnion and Equifax), so you can use this loan to build credit if you make on-time payments. If you miss a payment or fail to repay the loan, it can hurt your credit score.
How does PNC compare?
 |  |  |  |  |
|---|---|---|---|---|
Est. APRFrom 6.99% to 25.29% | Est. APRFrom 6.49% to 35.49% | Est. APRFrom 5.96% to 35.99% | Est. APRFrom 7.49% to 24.94% | Est. APRFrom 7.74% to 35.99% |
Loan amountFrom $5,000 to $35,000 | Loan amountFrom $5,000 to $100,000 | Loan amountFrom $1,000 to $75,000 | Loan amountFrom $5,000 to $100,000 | Loan amountFrom $1,000 to $75,000 |
Min. credit scoreNaN | Min. credit scoreNaN | Min. credit score600 | Min. credit score660 | Min. credit score600 |
How we rated this lender
NerdWallet’s editorial team rates lenders using a rubric with five weighted categories and 29 subcategories. Here are the factors we prioritized, plus why this lender received each score.
PNC Bank has low annual percentage rates compared to other lenders. It also offers a rate discount for automatic payments and doesn’t charge an origination fee.
Our Method: We review lenders’ rates and fees, plus any opportunities for rate discounts.
PNC lets you choose and change your payment due date and reports your payments to the three main credit bureaus. It also offers seven-day customer service and a mobile app to help manage your loan.
Our Method: We look at factors such as customer service availability, monthly payment flexibility and whether the lender reports on-time payments to major credit bureaus.
You can’t apply for a joint, co-signed or secured loan with PNC. The lender also has limited loan amounts and won’t send funds to your creditors. You can choose from a wide range of repayment terms.
Our Method: We assess loan amount and term ranges and whether lenders offer multiple loan types or direct payment to creditors on debt consolidation loans.
PNC offers loans in 49 states, but they’re exclusive to existing customers. The lender currently doesn’t offer pre-qualification.
Our Method: We consider how widely available and accessible the loans are and how lenders review applicants’ credit.
PNC can approve your loan application instantly, as long as you provide all the necessary documentation. It can also send the money to your account one business day after you sign the loan documents.
Our Method: We evaluate loan approval and funding times and the lender’s transparency throughout the application process.
Read more about our ratings methodologies for personal loans.
Learn more about personal loans
