PNC Bank Personal Loans: 2025 Review
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Our Take
4.0
For existing customers who want a personal loan with flexible payments, PNC delivers with a wide range of repayment terms and a joint loan option, but availability is limited and pre-qualification isn’t offered.
Pros
- Rate discount for autopay.
- Joint loan option.
- Direct payment to creditors with debt consolidation loans.
- Flexible terms.
Cons
- May require in-person visit.
- No large loan amounts.
- Available in a limited number of states.
- No soft credit check to pre-qualify.
Lender | Est. APR | Loan amount | Min. credit score | |
|---|---|---|---|---|
8.99-
35.49% | $5,000-
$100,000 | None | Check Rateson NerdWallet on NerdWallet | |
6.49-
25.29% | $5,000-
$100,000 | 660 | Check Rateson NerdWallet on NerdWallet | |
7.90-
35.99% | $1,000-
$50,000 | 600 | Check Rateson NerdWallet on NerdWallet | |
7.99-
35.99% | $1,000-
$50,000 | 580 | Check Rateson NerdWallet on NerdWallet | |
6.99-
35.99% | $2,000-
$50,000 | 600 | Check Rateson NerdWallet on NerdWallet |
Full Review
PNC Bank offers unsecured personal loans with flexible terms and affordable rates. These personal loans may be ideal for existing customers looking to consolidate debt or finance a midsized home improvement project.
The bank only offers personal loans 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.
This lender doesn’t offer pre-qualification, so borrowers can’t check their potential rate with a soft credit pull.
Table of Contents
PNC personal loans at a glance
Minimum credit score | Not disclosed. |
APR | 8.19% - 24.99%. |
Fees | Late fee: $40 or 10% of the payment (whichever is greater). |
Loan amount | $1,000 to $35,000. |
Repayment terms | 6 months to 5 years. |
Time to fund after approval | Same-day funding for existing online banking customers. Other borrowers need to close at a branch, and funding may take 3 to 10 days. |
Loan availability | Loans available in 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. |
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 is a somewhat common discount for personal loans, but many online lenders offer it for setting up autopay from any checking account.
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 debts, 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, it’s a nice perk and saves you the step of sending the funds yourself.
» COMPARE: Best debt consolidation loans
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 personal loans fall short
No pre-qualification with a soft credit pull: Unlike most other personal loan lenders, PNC doesn’t allow borrowers to pre-qualify. Instead, the lender sends pre-selected offers to existing customers and allows non-customers to submit a formal application online.
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 soft credit check.
Funding for non-customers: In some instances, current online banking customers can receive funds in their account the same day they sign the loan documents. However, applicants who aren't customers may need to visit a branch to close the loan, and funding time can take longer, so it’s not a good option if you're a non-customer who needs money fast.
» MORE: Best loans for quick cash
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.
Available in a limited number of states: PNC Bank personal loans are only available in 26 states and Washington, D.C. Many other lenders provide loans to customers in all 50 states.
How to use PNC Bank personal loans
You can use a PNC Bank personal loan for:
Home improvement projects.
Debt consolidation.
Emergencies.
Medical bills.
Vacations.
Weddings.
Funerals.
PNC Bank prohibits the use of its personal loans for:
College expenses.
Refinancing student loan debt.
PNC Bank personal loan customer reviews
As of September 2024, PNC Bank has 1.3 stars on Trustpilot, a website that collects consumer reviews. The rating includes customer reviews of many products the bank offers, including bank accounts and home equity lines of credit. Customer service is a focus of many negative reviews on the site.
The lender’s mobile app received 4.5 stars across 263,000 reviews on Google Play and 4.8 stars across 1.6 million reviews on the Apple App Store.
Do you qualify for a PNC personal loan?
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 and excellent credit (scores of 690 or higher). PNC says it considers factors such as length of employment, citizenship and credit history on a personal loan application.
To apply for a PNC personal loan, you need:
A Social Security number.
A photo ID.
Proof of income. PNC accepts income from employment, alimony, retirement, child support, Social Security payments, investments, rental income and inheritance.
If you’re applying for a debt consolidation loan, you’ll also need to supply the names of your creditors, current balances and monthly payment amounts.
Before you apply
Check your credit. You can get your free credit report on NerdWallet or at AnnualCreditReport.com. Doing so will help you spot and fix any errors before you apply.
Calculate your monthly payments. Use a personal loan calculator to determine what APR and repayment term you’d need to get a loan with affordable monthly payments.
Make a plan to repay the loan. Review your budget to see how the loan’s monthly payments impact your cash flow. If you have to cut other expenses in order to repay the loan, it’s better to know that before you borrow.
Gather your documents. Most lenders require proof of income, which can be a W-2 or paystub, as well as proof of address and a Social Security number. Having these documents handy can speed the application process.
How to apply for a PNC personal loan
Because PNC doesn't offer pre-qualification, you can pre-qualify with other lenders before formally applying with PNC to determine whether the bank's offer is competitive.
Here are the steps to apply for a PNC loan.
Apply on PNC's website. Borrowers must submit a formal personal loan application to determine whether they qualify and what their loan offer will be. You can apply on the bank's website. The lender will do a hard credit pull at this stage, which may cause your credit score to temporarily dip.
Get approved and receive funds. PNC says existing customers who apply online and meet its borrowing criteria may receive funds in one day. Some customers may be required to sign the loan documents at a PNC Bank branch. The lender says it can typically fund a loan within a week.
Make a plan to repay the loan. PNC reports repayments to all three major credit bureaus (Equifax, Experian and TransUnion), so on-time payments will help build your credit score, but missed payments will hurt it. Setting up automatic payments and keeping an eye on your budget are two ways to manage your loan payments.
Compare PNC to other lenders
Personal loan lenders offer different rates, loan amounts and special features, so it pays to weigh other options. The best personal loan is usually the one with the lowest APR.
Like PNC, SoFi and Discover offer a wide range of repayment terms and accept borrowers with good to excellent credit.
SoFi
» MORE: Read our review of SoFi
Minimum credit score | None. |
APR | 8.99% - 35.49%. |
Fees | Optional origination fee: 0% to 7%. |
Loan amount | $5,000 to $100,000. |
Repayment terms | 2 to 7 years. |
Time to fund after approval | Same-day funding. |
Loan availability | Loans available in all 50 states and Washington, D.C. |
Discover
» MORE: Read our review of Discover
Minimum credit score | 660. |
APR | 7.99% - 24.99%. |
Fees | Late fee: $39. |
Loan amount | $2,500 to $40,000. |
Repayment terms | 3 to 7 years. |
Time to fund after approval | 1 business day. |
Loan availability | Loans available in all 50 states, Washington, D.C. and U.S. territories. |
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