The bottom line: For borrowers who want flexibility, PNC delivers with small and medium loan amounts, a wide range of repayment terms and a joint loan option.
PNC Bank Personal Loan
Min. Credit Score
7.24 - 25.34%
$1,000 - $35,000
Pros & Cons
Competitive rates among fair-credit lenders.
No origination fee.
Offers joint loan option.
Wide variety of repayment terms.
Charges late fee.
May require an in-person visit.
Product varies by location.
Compare to Other Lenders
Compare estimated rates from multiple lenders
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To review PNC Bank’s personal loans, NerdWallet collected more than 40 data points from the lender, confirmed details with several customer service representatives and compared the lender with others that seek the same customer or offer a similar personal loan product. Loan terms and fees may vary by state.
PNC Bank offers unsecured personal loans ranging from $1,000 to $35,000 that can be used for almost any purpose.
Borrowers are evaluated based on their FICO score, income and debt-to-income ratio, according to customer service representatives. The lender’s 2019 annual report shows that most of its consumer loan borrowers have a FICO score of at least 650.
You can apply online for a loan from all 50 states, but the ZIP code you plug into PNC’s website could have an impact on the maximum loan amount you see, plus features like an autopay discount or the ability to pre-qualify.
Make sure to research what terms are available in your area, then compare rates with other lenders.
PNC is best for borrowers who:
Have fair or good credit (630 to 719 FICO).
May add a co-borrower to their application.
Want a wide range of repayment terms to choose from.
Want a small loan.
PNC at a glance
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Where PNC stands out
Competitive rates: PNC’s annual percentage rates are more affordable on average than other lenders targeting fair-credit borrowers. If you have good credit, a low debt-to-income ratio, meet other eligibility requirements and can receive an autopay discount, you could get an especially competitive rate.
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 getting a lower rate.
Flexible repayment terms: Borrowers at PNC can choose from a wide range of repayment terms ranging from six months to five years. A longer term may mean more affordable monthly payments; a shorter term means you'll pay less interest on the loan.
Small loans: PNC loans start at $1,000, so applicants who are looking to cover smaller expenses can apply for a loan suited to their needs.
Mobile app: PNC offers mobile banking through its app. You can view your loan account, including the remaining balance and transaction history, and make payments from a PNC checking or savings account.
» MORE: Best fair-credit lenders
Where PNC falls short
Product varies based on location: Rates and terms on a PNC personal loan can vary by state. Enter your ZIP code into the lender’s website to see what’s available in your area.
Charges late fee: PNC charges a late fee of 10% of the payment or $40, whichever is greater, after a 15-day grace period. While many lenders charge late fees, this is in the higher range.
Funding time: Current PNC online banking customers can receive funds in their account the same day they sign the loan documents. However, applicants who aren't customers have to visit a branch to close the loan, and funding time can range from three to 10 days.
How to qualify for a PNC loan
PNC doesn't publicly disclose many borrower requirements, but here’s what you need to qualify, according to customer service representatives:
Minimum credit score: None. The average score is 727, according to Securities and Exchange Commission filings.
Must be at least 18 years old.
Must provide Social Security number.
Must show photo ID.
Must be able to show proof of income.
Loan example: A two-year, $7,000 loan with a 23.4% APR would cost $368 in monthly payments. You’d pay $1,832 in total interest on that loan.
How to get a PNC loan
Apply on PNC
You can apply online through PNC’s website, by phone or in person at a branch. You will need to provide a photo ID and Social Security number. PNC may require additional documentation to verify your income.
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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.