What You Need to Know
The smallest loan amount offered through PNC is $1,000. Their loan amounts range from $1,000 to $35,000. You may not receive the amount you apply for. The personal loan amount you receive depends on your qualifications.
The personal loans with PNC do not have many fees. There is not an application fee or an origination fee. Their loans do not have fees for paying your loan off early. PNC does charge a late fee if your payment is later than the due date.
There is a fee for paying your PNC personal loan payment over the phone. Each time you make a payment over the phone, PNC charges a $10 fee. You can make your payments through automatic transfers or online without a fee. There is also not a fee for paying with checks or money orders.
PNC offers personal loans up to $35,000. They do not offer personal loans higher than that amount. The smallest loan amount is $1,000. When you apply for a loan, you may not receive the amount you applied for. PNC lends the amount they feel you can pay back. You must qualify for the $35,000 amount.
Qualifications to Apply for PNC Loans
- Annual Income: DOSCC
- Job History: Not specified
- Debt-to-Income Ratio: DOSCC
- Minimum Credit Score: >600
- Credit History Length: DOSCC
- Credit Bureau Inquiries: DOSCC
- Bankruptcy History: >7 years
- Past Loan Denial: Can reapply immediately with a cosigner
- U.S. Citizenship Required: Yes
- Required Age: 18
- SSN Required: Yes
- Valid Bank Account Required: Yes
Useful Information About PNC Loans
- Business Loans Offered: Yes
- Cosigner Loans Offered: Yes
- Joint Loans Offered: Yes
- APR Range: 5.99-36%
- Fixed Interest Rates: Yes
- Repayment Options: ACH, check, money order, online, phone
- Payments Due: Monthly
- Payment Methods Fees: $10 for phone payments
- Smallest Loan: $1,000
- Largest Loan: $35,000
- Loan Term Lengths: 6-60 months
History and Achievements
PNC began as Pittsburgh Trust and Savings Company in 1845. Due to the Great Fire of Pittsburgh, the bank did not start operating until 1852.
In 1982, Pittsburgh National Corporation and Provident National Corporation merged. The new name became PNC Financial Corporation. At the time of the merger, it was the largest bank merger in American history. Their combined assets totaled over $10 billion.
In 2006, PNC began issuing credit cards. By December of 2017, PNC had $221 billion in outstanding loans. Over $73 billion of that was consumer loans.
PNC is a financial service corporation with headquarters in Pittsburgh, Pennsylvania. PNC has over 2,400 branches in 19 states and the District of Columbia.
Frequently Asked Questions
Can I apply for a loan entirely online?
Yes. Customers can complete their PNC personal loan applications online.
What is the lowest my credit score can be?
PNC does not require a minimum credit score. Credit scores above 600 do have a higher approval rate.
What is the smallest loan amount available?
The minimum loan amount for PNC loans is $1,000.
What is the largest loan amount available?
The maximum loan amount for PNC personal loans is $35,000. You must qualify to receive that amount.
What are the loan term lengths?
The PNC repayment terms range from six-months to 60-months.
Are the interest rates competitive?
Yes. PNC rates are competitive with other online lending options. The interest rates you receive varies depending on your qualifications.
Are the interest rates fixed?
Yes. PNC personal loans offer fixed interest rates for the life of the term.
What types of loans are available?
PNC offers personal loans for debt consolidation, life events, and home improvements. They offer loans for car repairs, moving expenses, and vacations.
What information do I need to apply for a loan?
PNC requires your address, phone number, and SSN. You must verify your income, bank information, and employment status. Additional information may be necessary, depending on your information and qualifications.
How long does approval take?
After you complete all the required tasks, PNC tries to approve your loan within 24-hours. This may take longer, depending on your qualifications.
How long will it take the money to enter my account after approval?
PNC tries to transfer the funds into your account the next business day. It may take one to three business days for your bank to process the funds.
If I have been denied a loan before, how long do I have to wait to apply again?
You can reapply immediately with a cosigner.
What are the payment options to repay my loan?
PNC payments are due monthly. Make payments online, with electronic transfers, checks, or money orders. You can make payments over the phone, but there is a $10 fee per payment.
Can I pay my loan off early?
Yes. There are no fees for paying your PNC loan off early.
Is my information secure?
PNC offers security measures that comply with federal laws. Their computers, files, and buildings have safeguards in place. PNC trains employees to comply with their privacy standards. This also helps protect customer information.
Does this loan company offer a mobile app?
Yes. PNC offers a mobile app.
How do I contact customer service?
Contact customer service through phone, email, or visiting a local location. Their hours are Monday through Friday from 9 a.m. to 9 p.m. EST. Saturday and Sunday from 10 a.m. to 5 p.m. EST. You can also follow PNC on Facebook, Instagram, LinkedIn, Pinterest, Twitter, and YouTube.
Bank Contact Information
PNC
877-947-8785
