Personal Finance Loans Personal Loans
Written by Ryan Wangman, CEPF; edited by Richard Richtmyer; reviewed by Elias Shaya
2023-06-14T18:24:39Z
- Who is MoneyKey Best For?
- Pros and cons of PNC Bank personal loans
- Who is PNC Bank best for?
- How PNC Bank personal loans compare
- How to apply for a PNC Bank personal loan
- Frequently asked questions
- Is PNC Bank trustworthy?
- Is it easy to get approved for Rocket Loans?
- How long does it take to get money from Rocket Loans?
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate personal loans to write unbiased product reviews.
PNC Bank Personal Loan
Compare loan options and get your rates today.
Insider’s Rating
4.25/5
Regular APR
6.99% to 15.04%
Loan Amount Range
$1,000 to $35,000
Pros
- Co-applicant allowed
- Low minimum loan amount
- Competitive minimum APR
- No origination fees
- Same-day funding available for existing customers
Cons
- Low maximum loan amount
- Late fees
Product Details
- Loan term lengths range between 6 to 60 months
- If you're not an existing customer, you may need to visit a branch to get your loan funds, which could take 3 to 10 days to process
See Insider's picks for thebest personal loans>>
Compare Personal Loan Rates
Pros and cons of PNC Bank personal loans
Who is PNC Bank best for?
PNC is best for borrowers with great credit who qualify for PNC's lowest rates. You might find it difficult to find better rates elsewhere. If you want to avoid origination fees, PNC is also an excellent choice. Origination fees eat into your loan proceeds and increase your loan cost.
How PNC Bank personal loans compare
Side-by-side snapshot
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PNC Bank Personal Loan
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Wells Fargo Personal Loan
Editor's rating
4.25/5
Regular Annual Percentage Rate (APR)
6.99% to 15.04%
Recommended credit
Undisclosed
Editor's rating
3.5/5
Regular Annual Percentage Rate (APR)
8.99% to 35.99%
Recommended credit
560
Editor's rating
3/5
Regular Annual Percentage Rate (APR)
8.49% to 24.49% (with relationship discount)
Recommended credit
Undisclosed
Compare loan options and get your rates today.
Compare rates from participating lenders via Fiona.
Get matched with personal loan offers
You can borrow up to $100,000 with Wells Fargo, which is a much higher maximum loan amount than PNC's top amount of $35,000 and Prosper 's maximum of $40,000. If you need a larger personal loan, Wells Fargo may be a better option.
Wells Fargo's repayment terms range from one to seven years, while PNC's range from 6 to 6 months. If you want a shorter term length — and to save money on overall 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 total loan amount, while Wells Fargo and PNC won't charge an origination fee at all.
See our ratings methodology for personal loans »
How to apply for a PNC Bank personal loan
1.Check what rate you qualify to receive.Depending on where you live, you may be able to prequalify for a PNC loan. You'll need to send in basic information, such as your name, address, income, Social Security number and birthday to see what rate you'll get. Your credit score won't be affected by this because PNC will only perform a soft credit check.
2. Look over different loan offers and choose the one you can afford. After you submit your initial information, PNC bank will give you different term options. A shorter term length means larger monthly payments — but you'll save more in interest.
3.Send in a formal application. You may need to also submit W-2s, pay stubs, and bank statements to confirm the information you initially provided. When you submit a formal app, PNC will conduct a hard credit check, which may temporarily lower your score. If you weren't eligible to prequalify as listed in step one, you'll have to submit a formal application to get your rate.
4. Accept your loan terms and plan for repayment. After you sign the document accepting your loan terms, your loan will be approved and funded. Make sure you've worked your loan payments into your budget — late payment may add significant costs to your loan.
Frequently asked questions
Is PNC Bank trustworthy?
PNC Bank hasa top-notch A+ rating from the Better Business Bureau, a non-profit organization focused on consumer protection and trust. The BBB crafts its ratings by evaluating at a business' responses to consumer complaints, honesty in advertising, and clarity about business practices.
Note that a top-notch BBB rating doesn't ensure you'll have a great relationship with the lender. Reach out to anyone you know who has taken out an personal loan with PNC and learn about their experiences with the company.
PNC hasn't been involved in any recent scandals. Between its clean history and excellent BBB rating, you might feel comfortable borrowing from the lender.
Is it hard to get a loan at PNC Bank?
PNC Bank doesn't disclose its minimum credit score requirements, so its unclear how difficult it is to qualify for a personal loan with the lender. Apply to see if you're eligible and to determine your rate.
How long does it take PNC Bank to approve a loan?
You might be approved the day you apply, or within one to two business days.
Loans Reporter
Ryan Wangman was a reporter at Personal Finance Insider reporting on personal loans, student loans, student loan refinancing, debt consolidation, auto loans, RV loans, and boat loans. He is also a Certified Educator in Personal Finance (CEPF).In his past experience writing about personal finance, he has written about credit scores, financial literacy, and homeownership. He graduated from Northwestern University and has previously written for The Boston Globe.
Jr Compliance Associate
Elias Shaya is a junior compliance associate on the Personal Finance Insider team based in New York City. Personal Finance Insider is Insider's personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that readers already know and love. The compliance team's mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Elias is the point person for the loans sub-vertical and works with the editorial team to ensure that all rates and information for personal and student loans are up to date and accurate. He joined Insider in February 2022 as a fellow on the compliance team. Elias has a Bachelor of Science in International Business from the CUNY College of Staten Island. Prior to joining Insider, he volunteered at the New York Presbyterian Hospital, where he worked with the biomedical engineering department. In his spare time, Elias enjoys exploring new restaurants, traveling to visit his family in Lebanon, and spending time with friends.
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