PNC Bank loan review

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Payment

Late fee of $40 or 10% of payment (whichever is greater)

Annual Percentage Rate (APR)

6.99% to 15.04%

PNC Bank PNC Bank Personal Loans

Payment

Late fee of $40 or 10% of payment (whichever is greater)

Annual Percentage Rate (APR)

6.99% to 15.04%

Annual Percentage Rate (APR)

6.99% to 15.04%

Payment

Late fee of $40 or 10% of payment (whichever is greater)

Chevron icon It shows an expanded category or list, or sometimes first/other purchase options.

Chevron icon It shows an expanded category or list, or sometimes first/other purchase options.

Pros and cons of PNC Bank loans

PNC is best for borrowers with high credit who qualify for PNC’s low interest rates. You may be hard-pressed to find better prices elsewhere. If you want to avoid initiation fees, PNC is also a great option. Origination fees eat into your loan proceeds and increase the cost of your loan.

How to compare PNC Bank loans

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Chevron icon It shows an expanded category or list, or sometimes first/other purchase options.

Chevron icon It shows an expanded category or list, or sometimes first/other purchase options.

Director’s Award

4.25/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Annual Percentage Rate (APR)

6.99% to 15.04%

Director’s Award

2.5/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Annual Percentage Rate (APR)

6.99% to 35.99%

Director’s Award

3/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Annual Percentage Rate (APR)

6.99% to 23.24% (with discounts)

You can borrow up to $100,000 with Wells Fargo, which is a higher loan amount than PNC’s maximum of $35,000 and Prosper’s maximum of $40,000. If you need a large personal loan, Wells Fargo may be a better choice.

Wells Fargo’s payback period is from one to seven years, while PNC’s is from 6 to 6 months. If you want a short long term – and save money on total interest in the process – PNC may be the choice for you.

Prosper will charge you an origination fee between 2.41% and 5% of your loan amount, while Wells Fargo and PNC will not charge an origination fee.

See our ranking of personal loan methods ยป

How to apply for a PNC Bank loan

1. Check the rate you qualify for. Depending on where you live, you may be pre-qualified for a PNC loan. It is necessary to provide basic information, such as your name, address, income, Social Security numbers and birthdays to see what rate you get. Your credit score will not be affected because the PNC will only be a weak credit check.

2. Look at different loan offers and choose what you can afford. After you submit your initial information, PNC bank will provide you with different timing options. Longer terms mean higher monthly payments – but you’ll save more on interest.

3. Submit a formal request. You may also need to provide W-2s, pay stubs, and bank statements to verify the information you previously provided. When you submit an official application, PNC will run a hard credit check, which may lower your score temporarily. If you are not eligible for pre-qualification as stated in the previous step, you must submit a formal request to receive your award.

4. Accept the terms of your loan and plan for repayment. After you sign the form accepting the terms of your loan, your loan will be approved and funded. Make sure you pay off your loans in your budget – late payments may add costs to your loan.

Frequently asked questions

PNC Bank is here a high grade A+ from the Better Business Bureau, a non-profit organization focused on consumer protection and trust. The BBB makes its ratings by evaluating a business’s response to customer complaints, honesty in advertising, and transparency about business practices.

Remember that a high BBB rating does not guarantee that you will have a good relationship with the lender. Reach out to anyone you know who has taken out a personal loan with PNC and learn about their experience with the company.

PNC has not been involved in any recent incidents. Between his clean record and good BBB rating, you may feel comfortable borrowing from the lender.

PNC Bank doesn’t disclose its minimum score requirements, so it’s unclear how to qualify for a personal loan with a lender. . Apply to see if you qualify and determine your rate.

You may be approved the day you apply, or within one to two business days.

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