PNC Personal Loan Full Review

Discover a loan that can cover various expenses and give your finances a boost with loan amounts going as high as $35,000.

Get to know an unsecured personal loan with a super competitive interest rate that’s among the best out there.

PNC Bank is offering loans up to $35,000 for new customers, and you can take your time to repay it over 5 years, depending on what suits you best.

Learn about the main benefits, discounts, fees, and everything else you need to understand about PNC Bank’s personal loans.

A Quick Look at PNC Bank

One of the most well-known banks in the United States, PNC Bank has a history dating back over 160 years.

Originally founded as the Pittsburgh Trust and Savings Company, the bank was created in 1852 and has since grown to serve over 8 million customers across 19 states.

As of today, PNC Bank offers a comprehensive range of financial services, including personal banking, mortgages, personal loans, asset management, retirement services, and more.

In addition to its banking operations, PNC Bank is also known for its philanthropic efforts and community outreach programs.

How PNC Personal Loans Works?

PNC loans can serve a wide array of purposes. Whether it’s covering bills, effecting repairs, consolidating debt, or addressing unforeseen expenses, this loan offers the adaptable flexibility and convenience you seek.

As of today, PNC offers unsecured loans, which means you don’t need to put up any collateral like a car or house to get the loan. This can be a good choice if you don’t have assets to secure the loan.

You can borrow from $1,000 to $35,000 with PNC Bank, and you have from six months to five years to pay it back.

Plus, PNC’s interest rate is one of the best, starting as low as 5.99% APR. For an unsecured loan, that’s really good.

Joint Loans

Here’s a neat feature: PNC Bank lets you apply for a personal loan with someone else to boost your chances of getting approved.

This is particularly advantageous for individuals with less favorable credit histories, enabling them to share installment and repayment terms with another party, potentially resulting in reduced installments or extended terms

Main Benefits

Besides the high loan amounts and longer terms, PNC Bank gives you more advantages, including a discount on the interest rate.

If you set up automatic payments for your loan and pay on time, PNC Bank can cut up to 0.25% from your interest rate.

Another great thing about PNC’s personal loans is they don’t charge any fees. Right now, there are no charges to apply for a loan or if you want to pay off your loan early.

Some other good things about PNC Bank’s personal loans are:

  • Competitive interest rates
  • Flexible repayment options
  • No need for collateral
  • Same-day funding for existing online banking customers.
  • You can use the money for different things
  • Loans available in 50 states and Washington, D.C.

Possible Downsides

Like anything, there are downsides to PNC’s personal loans, especially if you miss payments.

If your monthly payment is more than 15 days late, PNC Bank adds a late fee. It’s either 10% of the payment amount or $40, whichever is more.

If you really struggle with payments and don’t pay back the loan, it can hurt your credit score and the bank might even take legal action.

It is also important to note that PNC fees and rates may vary from state to state, with some regions of the United States having higher interest rates.

Ready to Apply?

With all the good stuff PNC Bank’s personal loan offers, it’s a smart choice if you need quick, unsecured money.

Interested? Just click the green button below to see how to apply for a PNC Bank personal loan online.

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