Table of Contents:
How do PNC Personal Loans work?
What do I need to qualify for PNC Personal Loans?
Apply for PNC Personal Loans online
Why PNC bank? PNC Personal Loans pros and cons
PNC Personal Loans rates and terms
Compare PNC loans to other Personal Loans direct lenders
How do PNC Personal Loans work?
PNC offers unsecured Personal Loans up to $20,000 with no collateral, with regular, fixed monthly payments, no prepayment penalty. You can choose various repayment terms. And it’s possible to apply online, by phone or at a branch near you.
PNC Bank provides affordable rates starting at 7.49%. You can create a PNC checking account in order to be eligible for a 0.25% rate reduction.
PNC Line of Credit
PNC Line of Credit ranges from $1,000 to $25,000.
|
Minimum Line Amount |
$1,000 |
|
Maximum Loan Amount |
$25,000 |
|
Minimum Draw Amount |
$50 |
|
Collateral |
None |
|
Rate |
Variable-rate, based upon Wall Street Journal Prime Rate |
|
Prepayment |
No prepayment penalty |
|
Draw Period |
Continuous |
What do I need to qualify for PNC Personal Loans?
There’re simple PNC Bank personal loan requirements:
- US residence
- At least 18 years of age
- Desirable credit score over 700
Though a fair credit score is preferable, you can also qualify for a PNC loan. To increase your approval chances you can consider applying with a cosigner.
Apply for PNC Personal Loans online
To apply for PNC Personal Loans you need to fill out a simple application form online on their website.
PNC says it takes about 10 to 15 minutes to complete the application and provides a list of what you’ll need to apply.
To guarantee instant approval make sure to provide the following documents:
- Social Security number
- Date of birth
- Government-issued photo ID
- Proof of a stable annual income
- Monthly housing payment
If you have questions about your Personal loans from PNC Bank, contact customer care consultants at 1-888-762-2265 from 7 a.m. to 10 p.m. ET Monday through Friday and 8 a.m. to 5 p.m. ET Saturday and Sunday.
Why PNC bank? PNC Personal Loans pros and cons
- PNC Personal Loans Pros
-
- Loans up to $35,000
- APRs as low as 7.49%
- Autopay discount of 0.25%
- No origination fees
- No prepayment fees
- Co-applicants accepted
- Wide range of loan terms
- Funding within 3 business days
- PNC Personal Loans Cons
-
- PNC Personal Loans are available only up to $35,000
- PNC provides Personal Loans only in 19 states and Washington, DC
- Though minimum credit score is not disclosed, you may have problems with approving
PNC Personal Loans rates and terms
PNC offers $1,000 - $35,000 unsecured personal loans for 6 -60 depending on the state. PNC bank puts fixed interest rates to Personal Loans that start at 6.24% but may depend on your state of residence, credit score, loan amount.
PNC Personal Loans Fees
PNC Bank doesn’t charge any origination fees, prepayment penalty fees, and other additional fees.
Compare PNC loans to other Personal Loans direct lenders
Prosper is an online lender providing loans between $2,000 to $40,000, with competitive rates starting at 6.95%. It's available in 47 states. You can prequalify for Prosper Personal Loans with no damage to your credit score. You can also be approved for the loan with poor credit.
Prosper is a lender offering Personal Loans up to $40000, debt consolidation and home improvement loans.online and in-store in the majority of states.
- MIN Loan Amount: $2000
- MAX Loan Amount: $40000
- Terms: 3 - 5 years
- Rates and fees: 6.95% to 35.99% APR
- Turnaround Time: 1 - 2 business day
- Personal Loans
- Debt Consolidation Loans
- Home Improvement Loans
- be 18 years of age or older,
- have a valid Social Security number as well as a checking or savings account,
- you must reside in an eligible state.
- Pros
-
- A fixed interest rate
- A clear payment plan
- A set payoff date
- Cons
-
- Not available in every state.
- High interest rates for bad credit borrowers.
- Your origination fee is based on the proprietary Prosper Rating, which you can’t control.
Wells Fargo offers higher Personal Loans amounts up to $100,000. But you must become a Wells Fargo customer and visit their local branch to get a loan.
Wells Fargo offers Loans, Credit Cards, Free Online Budgeting Tools and other money products at affordable rates with convenient repayment.
- MIN Loan Amount: $3000
- MAX Loan Amount: $100000
- Terms: Vary by state.
- Rates and fees: starting from 5.24% APR
- Turnaround Time: 1 - 2 business day
|
Checking Accounts Savings Accounts and CDs Debit and Prepaid Cards Credit Cards Foreign Exchange
|
Mortgage Loans Home Equity Lines Personal Lines and Loans Student Loans Auto Loans Credit Cards |
Global Remittance Services Online Banking Transfer and Pay ATM Banking |
- Pros
-
-
Easy and accessible mobile and online banking
-
Opportunity to create a personal relationship with bankers at Wells Fargo branches
-
- Cons
-
- Monthly service fees on checking and savings accounts
- Low APY rates compared to online banks
- Must be a U.S. citizen, U.S. national or permanent resident.
- Be the age of majority or older at the time of application.
- You must be able to show that you can pay back the loan.
PNC Personal Loans vs. Other Best Direct Lenders
| Prosper
|
Lending Club | |||
|
Reviews |
***** |
***** |
***** |
***** |
|
APRs |
7.49% - 17.49% |
5.24% - 24.49% |
10.68% - 35.89% |
start at 4.99% |
|
Loan Amounts |
$1,000 - $20,000 |
$3,000 - $100,000 |
$1,000 - $40,000 |
$1,000 - $35,000 |
|
Loan Terms |
6 - 60 months |
12 - 60 months |
36 or 60 months |
Varied |
|
Minimum Credit Score |
Not disclosed* |
Fair* |
Fair* |
Not disclosed* |
|
Winner |
||||
Check rates from other lenders
Compacom advises to compare PNC Personal loans to other similar lending companies to find the best rates and terms.
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