PNC Personal Loans: 2020 Review

Existing customers get a discount on already low rates if they choose auto payment from their PNC checking account.

Steve NicastroOctober 21, 2020

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Our Take


NerdWallet rating 

The bottom line: A good option if you have an existing PNC account or want to bring along a co-signer.

PNC Bank Personal Loan

PNC Bank Personal Loan

Min. Credit Score


Est. APR

9.24 - 29.49%

Loan Amount

$1,000 - $20,000

Pros & Cons


  • Competitive rates among similar lenders.

  • Can fund a loan within 2 business days.

  • Option to include co-signer.


  • Charges 10% or $40 late fee, whichever is greater.

  • May be available in limited number of states.

Compare to Other Lenders

Marcus by Goldman Sachs
Est. APR

6.99 - 19.99%

Est. APR

3.99 - 16.99%

Loan Term

3 to 6 years

Loan Term

2 to 7 years

Loan Amount

$3,500 - $40,000

Loan Amount

$5,000 - $100,000

Min. Credit Score


Min. Credit Score


Compare estimated rates from multiple lenders

Compare Rates

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Full Review

To review PNC, NerdWallet collected more than 30 data points from the bank, interviewed company executives and compared it with others that seek the same type of customer or offer a similar personal loan product. Loan terms and fees may vary by state.

PNC Bank is the ninth largest bank in the U.S. by total assets. Its unsecured personal loans are an option for one-time borrowing needs, such as debt consolidation, home improvements or emergency expenses.

Approval depends on your credit score, income and debt-to-income ratio, which are weighed evenly on applications, according to a PNC customer service representative.

No specific credit score requirements were disclosed, but you’ll likely need fair to good credit to qualify. According to PNC’s 2017 annual report, most of its consumer loan borrowers have a FICO score of at least 650.

A co-signer can be added to applications to increase approval odds and get you a lower rate. The co-signer will also be responsible for repaying the loan if the main applicant fails to pay.

Cost: Annual percentage rates for PNC loans start around 9%, depending on your credit score, income, the loan amount and repayment term. Fees include:

  • Origination fee: None.

  • Late fee: Greater of $40 or 10% of amount due, after 15-day grace period.

  • Prepayment fee: None.

Loan example: A borrower in New York who takes out a $10,000 loan with a 36-month repayment term and 6.74% to 8.49% APR would pay between $308 and $316 per month, according to PNC’s rate calculator.

How PNC loans compare

Marcus is an online lender providing loans between $3,500 to $40,000, with competitive rates and flexible payment terms. Unlike PNC, you can check to see if you qualify and get an estimated rate without impacting your credit score. Most of its borrowers have credit scores higher than 660.

Wells Fargo offers a similar APR range, but higher borrowing amounts up to $100,000. Borrowers typically have a credit score of at least 660, and you’ll need to become a Wells Fargo customer and visit a branch to get a loan.

How to apply for a PNC loan

You can apply online through PNC’s website, by phone or in person at a branch. PNC says it takes about 10 to 15 minutes to complete the application and provides a list of what you’ll need to apply, including one form of photo ID and your annual income.

Check rates from other lenders

NerdWallet recommends comparing loans to find the best rate for you. Click the button below to pre-qualify and receive a personalized rate from lenders that partner with NerdWallet.

Before you shop for a personal loan

Personal Loans Rating Methodology

NerdWallet's ratings for personal loans award points to lenders that offer consumer-friendly features, including: soft credit checks, no fees, transparency of loan rates and terms, flexible payment options, accessible customer service, reporting of payments to credit bureaus, and financial education. We also consider the number of complaints filed with agencies like the Consumer Financial Protection Bureau. This methodology applies only to lenders that cap interest rates at 36%, the maximum rate financial experts and consumer advocates agree is the acceptable limit for a loan to be affordable. NerdWallet does not receive compensation of any sort for our reviews. Read our editorial guidelines.