Posted by: Adam McCann

Quick Review: PNC personal loans are only available to people who live in 19 states and the District of Columbia. But despite the bank’s limited service, there’s still plenty of things to like about PNC personal loans. For example, PNC loans have no origination fees or prepayment fees. PNC also offers some of the lowest interest rates on the market, starting at 5.99%. But the highest rate you could be assigned depends on where you live; you must talk to a representative and provide your zip code to find out.

There’s no official minimum credit score for an unsecured PNC personal loan, but people with damaged credit can also consider a secured personal loan from PNC. It is one of the few major banks offering secured personal loans.

Below, you can learn more about PNC’s loan offers and see how they compare to personal loans from other lenders.

PNC Personal Loan Terms

APR	5.99%+ (upper limits vary by zip code)
Length	6 - 60 months
Amount	$1,000 - $35,000
Approval	24 - 48 hours
Delivery	1 business day
Min credit score	Not disclosed
Min income	Not disclosed
Other requirements (all must apply)	18+ years old SSN (ITIN may work in a branch)

*According to multiple third-party sources PNC Personal Loan Rates & Fees

PNC personal loan rates depend on how much you want to borrow, how long you want to borrow it for and where you live. Another thing that determines your rate is whether your loan is secured or unsecured, as PNC offers both types of personal loans. You can view the lowest potential rates for your zip code for unsecured personal loans online, or find out the full range by calling PNC at 1-877-2255-762. But if you want to estimate rates for a secured loan, you’ll have to call PNC or visit a branch.

The very lowest PNC personal loan interest rate it’s possible to get seems to be 5.99%. And PNC will give you a discount of 0.25% if you set up automatic loan payments from a PNC checking account.

PNC does not charge an origination fee to process your loan or a fee for paying your loan off early. There is a late fee, but according to a representative, it depends on how much you borrow.

PNC Personal Loan Requirements & Application Info

PNC does not disclose their minimum credit score requirements, and third-party sources don’t have much information to offer on this, either. However, since PNC offers secured personal loans in addition to unsecured personal loans, it should be possible to get approved for a loan even with bad credit.

If you take out a secured personal loan from PNC, you will have to put up some kind of collateral. PNC will not accept real estate as collateral.

There are some additional PNC personal loan requirements. You must be at least 18 years old and live in one of the 19 states that PNC serves or the District of Columbia. You also need a Social Security number to apply for a PNC personal loan online, although a representative stated that it may be possible to apply with an ITIN at a branch. PNC does not disclose any minimum income requirements.

You can check your potential lowest rates with PNC online based on your zip code, the amount you want to borrow and your timeline for paying back the loan. If you decide to apply for a loan, there are three ways you can do it. You can apply online, by phone (1-877-2255-762) or at any of PNC’s 2,600 branches.

PNC Personal Loan Reviews & Transparency

PNC has a good score from the Better Business Bureau and few complaints with the Consumer Financial Protection Bureau. PNC also has decent WalletHub ratings.

• Better Business Bureau: PNC Bank has an A- rating and has been accredited since 1978.
• Consumer Financial Protection Bureau: The CFPB has catalogued a little under 11,600 complaints about PNC. Only 113 have an issue with PNC’s installment loans. Some reasons for complaints include having trouble with making payments and being declined when the customer expected they would be approved.

  The latest complaint is from March 2019. PNC has provided a “timely” response to almost all existing complaints.

• WalletHub: PNC has a WalletHub user rating of 3.5/5 across more than 1,600 reviews. WalletHub’s editors rate PNC personal loans 3.5/5.

PNC isn’t as immediately transparent about their personal loan terms as other lenders are. They don’t give any overall APR ranges, and they make people look up rates based on their zip code.

Furthermore, PNC does not disclose their late fees on either their main personal loans page or their rate calculator. In addition, PNC is not transparent about minimum credit score or income requirements.

PNC Personal Loans vs. Popular Competitors

Lender	PNC	Wells Fargo	LendingClub
APR	5.99% or higher	7.24% - 24.29%	6.95% - 35.89%
Loan amounts	$1,000 - $35,000	$3,000 - $100,000	$1,000 - $40,000
Loan lengths	6 - 60 months	12 - 60 months	36 or 60 months
Credit score required	Not disclosed (offers secured loans for bad credit)	660* (but has secured personal loans for bad credit)	600-640*

*According to multiple third-party sources Methodology

WalletHub used 23 different metrics when evaluating PNC personal loans. These metrics fell into 7 major categories: APR, fees, loan amounts, loan requirements, the application process, transparency and customer satisfaction. Some metrics received higher priority in the ranking than others, depending on important they were for consumers. Below, you can see WalletHub’s categories and metrics.

• APR: Our editors looked at the minimum and maximum interest rates on PNC personal loans. We also checked whether they are fixed or variable.
• Fees: WalletHub researched the fees on PNC personal loans. Most importantly, we considered origination fees, fees for early payoff and late fees.
• Loan amounts: We checked the minimum and maximum PNC personal loan amounts offered, plus the range of months available for payoff.
• Requirements: We considered what credit score and income PNC require, along with their requirements regarding citizenship and identification.
• Application process: WalletHub checked into the different ways available to apply, plus whether PNC provides the opportunity for joint applications. We also looked at whether PNC offers pre-qualification, along with the time it takes for approval and funding.
• Transparency: We determined how clear PNC is about how to get approved for their loans and what the terms of their loans are.
• Customer satisfaction: Our editors looked at complaints filed against PNC with the Consumer Financial Protection Bureau, PNC’s Better Business Bureau rating and WalletHub user reviews.

from Wallet HubWallet Hub


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