Personal LoansLender Reviews

PNC Personal Loan Review

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.

Banks like PNC are known for offering some of the most competitive interest rates and terms, but since PNC Bank doesn’t make any of its eligibility requirements public, it’s difficult to tell who would qualify. It’s also worth noting that the rates and terms for this loan may change depending on your location. Those who are interested in a personal loan should contact PNC Bank for more information. However, in this PNC Bank personal loan review, we reveal our findings on the lender’s product.

PNC Bank personal loan highlights

  • Low base APR: Those with excellent credit can get a relatively competitive interest rate, specifically if they are able to use a PNC checking account to make their monthly payments and thereby get a rate discount.
  • Flexible terms: PNC personal loans can range from as little as $1,000 up to $35,000, with repayment terms ranging from six months to five years.
  • Unclear requirements: PNC doesn’t flesh out its requirements for borrowers, including things like minimum credit score or income. That makes it difficult to know if you can get this loan.
  • No origination or prepayment fees: While many of the specifics of this loan are unclear, the PNC website does state that the personal loan does not come with any origination or prepayment penalty fees, as some loans do.
  • Location-dependent terms: The various rates and terms for this loan can vary from location-to-location, so those who are interested will have to contact PNC directly to view the rates and terms that are available in their area.

PNC Bank at a glance

Keep in mind that these rates and terms may change depending on your location:

  • APR range: 5.99% to 24.99%
  • Minimum credit score: Not Specified
  • Terms: 6 to 60 months
  • Origination fee: No origination fees

By clicking “See Offers”, you may or may not be matched with any lender mentioned in this article. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.

Terms Fees and penalties
  • Terms: 6 to 60 months
  • APR: 5.99% to 24.99% (includes a 0.25% interest rate discount for automatic payments from a PNC checking account
  • Loan amounts:  $1,000 to $35,000
  • Time to funding: Not specified
  • Credit check: Not specified
  • Origination fee: No origination fees
  • Prepayment fee: None
  • Late payment fee: Not specified

Eligibility requirements

  • Minimum credit score: Not specified.
  • Minimum credit history: Not specified.
  • Maximum debt-to-income ratio: Not specified.

PNC doesn’t provide information about the eligibility requirements for a personal loan. But the site does note that you should be able to provide some form of photo ID as well as your annual income, and any other income you want to be considered when you apply.

Applying for a personal loan from PNC Bank

You can apply for a PNC personal loan by visiting a branch, going online or calling 1-877-CALL-PNC. You’ll need to provide the following information:

  • Full legal name
  • Social Security number
  • Date of birth
  • Desired loan amount
  • Previous addresses, if you have resided at your current address for less than two years
  • A valid photo ID
  • Annual income details

If you’re applying with a co-applicant, they will also need to provide a current address (and previous ones if they lived there for less than two years) as well as their income information.

Unfortunately, PNC does not provide information regarding the rest of the application process, nor do they specify things like the average amount of time it takes to process and approve a loan, or how quickly an approved applicant would be able to access those funds. Those who are interested in this personal loan should contact PNC to learn more.

Pros Cons
  • Decent rates for highly-qualified applicants: Those who can qualify for the lowest rates, the APR associated with this loan is generally much better than you’d get with something like a credit card.
  • Wide loan amount range: This loan can cover many borrowers needs, whether they are fairly high or relatively small.
  • Rate discount available: Those who have and use a PNC checking account to make their loan payments can get a 0.25% rate discount on their personal loan.
  • No origination fee or prepayment penalty: Unlike some personal loans, this one does not charge borrowers an origination fee, and borrowers can pay back their loan ahead of time without penalty.
  • Co-applicants accepted: PNC allows you to add a co-applicant, which can make this personal loan more accessible for certain borrowers.
  • Unclear qualification requirements: Since PNC doesn’t disclose the various requirements they have to approve an application, it’s difficult to know if you’re a good candidate for this loan.
  • Unclear timelines: PNC doesn’t mention how long the application process takes, or when those who are approved might expect the funds to be deposited into their account. That means those looking for fast-cash may want to look elsewhere.
  • Terms vary by location: You’ll need to get in touch with the lender to learn what terms are like in your area.

Who’s the best fit for a PNC Bankpersonal loan?

For those who already bank with PNC and have excellent credit, this loan is a solid option. That’s because those borrowers would be most likely to qualify for the lowest rates available for this personal loan, and they could score the rate discount if they choose to make their loan payments out of a PNC checking account.

Because the timelines and requirements for this loan aren’t clear, it may be best suited to those who don’t necessarily need to get their funds right away and prefer a more person-to-person or brick-and-mortar loan experience (provided you live in an area where those are available).

For example, potential applicants could choose to head to their local branch (or give them a call), rather than simply sending in their online application, to get more information about the rates and terms that are available in their area, and get a better idea of whether or not they’d make a good candidate from PNC’s perspective.

Even if that’s not you, however, it’s always a good idea to understand the specifics of the loan and borrower requirements before sending in an application.

Alternative personal loan options


  • APR: 3.99% to 19.99%
  • Minimum credit score: Not specified
  • Terms: 24 to 144 months
  • Origination fee: No origination fee

With zero fees and a wider borrowing range (qualified applicants can borrow between $5,000 and $100,000), LightStream’s personal loan may be a great alternative to PNC’s loan. For those looking for fast cash, LightStream also notes that borrowers can receive their funds as fast as the same day that their loan is approved. But keep in mind that the rates will change depending on the way you plan to use the funds, and if you don’t opt for autopay before your loan is funded, your APR will be 0.50% higher than those quoted above.

Marcus by Goldman Sachs®

  • APR: 6.99% to 6.99%
  • Minimum credit score: Not specified
  • Terms: 36 to 72 months
  • Origination fee: No origination fee

The personal loan from Marcus, a division of Goldman Sachs, is another fee-free option for those in need of a loan. Qualified borrowers can take out up to $40,000 and the lowest rates are generally reserved for shorter-term loans. If the lower range of APRs is out of reach, however, you may be better off looking elsewhere since the upper range of rates for this loan is comparable to that of some credit cards.

Although the lender doesn’t specify the minimum credit score needed to qualify for the loan, it’s worth calling out that more than 80% of borrowers had a FICO score above 660, according to the 2017 Annual Report from Goldman Sachs. It also offers prequalification, which allows you to see if you’re likely to qualify for this loan without damaging your credit score.


  • APR: 5.99% to 24.99%
  • Minimum credit score: 640
  • Terms: 24 and 60 months
  • Origination fee:up to 5.00%

Rounding out the list of personal loan alternatives is the Payoff loan, which gives qualified borrowers the option to take out up to $40,000 and is framed as an alternative to credit card debt.

This lender is the most transparent of the bunch when it comes to the various credit requirements associated with this loan. Borrowers should have a FICO score of 640 or higher, a debt-to-income ratio of 50% or less and at least three years of good credit. Although it does have an origination fee, the company says that it has eliminated most “common fees,” like prepayment, late, check processing and annual fees. And for those who are interested, Payoff also offers prequalification, which can help you understand if you’re a good candidate for the loan before committing to the lender.


Get personal loan offers from up to 5 lenders in minutes