PNC Personal Loans Review

PNC Bank is one of the largest banks in the nation, ranking seventh according to the Federal Reserve. It provides a wide range of financial services, such as checking and savings accounts, credit cards, home loans, auto loans, and small business and corporate services.

PNC offers personal loans to pay down or consolidate high-interest debt or pay for a large purchase for which you otherwise don’t have the cash. Read on to see if a PNC personal loan is a good choice for you.

  • Product Specifications
  • Pros & Cons
  • Fees

Product Specifications

Pros & Cons


  • Co-applicant option

  • Autopay discount

  • Low APR


  • Limited availability

  • Terms vary by location


  • Origination fee: none
  • Prepayment penalty: none
  • Late fee: $40 or 10% of your amount due, whichever is more

Pros Explained

  • Co-applicant option – While PNC doesn’t specify a minimum credit score to qualify for a personal loan, you have the option to apply with a co-signer in case you don’t think you can qualify for one on your own.
  • Autopay discount If you already have a PNC checking account and sign up for autopay, you can get a 0.25% discount on your interest rate on some products (not available on footprint unsecured installment loan).
  • Low APR Your location partly determines your interest rate, but annual percentage rates (APRs) can start as low as 6.39% (with autopay) or as high as 16.39%. For those with poor or fair credit who qualify, the highest APR is low compared with some other personal loan lenders, who can charge as much as 35.99%.

Cons Explained

  • Limited availability Even though PNC is available nationwide, it isn’t available everywhere. There are 2,400 locations in 37 states and the District of Columbia, but no branches in Alaska, Arizona, California, Hawaii, Idaho, Iowa, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, and Wyoming.
  • Terms vary by location Not every state or regional area offers the same products. Your location determines what’s offered and your APR. This might impact what’s available, and you might not get what you need where you live.

Time to Receive Funds

PNC doesn’t disclose how fast you’ll receive your funds after getting approved for a personal loan. 

PNC Personal Loan Features

  • Apply online, over the phone, or in a branch
  • Co-applicant option available
  • Repayment terms of varying lengths
  • No prepayment penalty
  • Low APR
  • Autopay available for PNC customers

Apply for a PNC Personal Loan

As there’s no prequalification option for a PNC loan, you’ll need to get your paperwork and files in order for a full application. You’ll need:

  • Your name, Social Security number, and date of birth
  • How much you want to borrow
  • A photo ID, such as a driver’s license or passport
  • Your address (both current and previous if you’ve been at your current one for less than two years)
  • Your income

If filing with a co-applicant, you’ll need their address and earning information as well.

Can I Refinance a Personal Loan with PNC?

PNC doesn’t offer personal loan refinancing at this time.


For current PNC banking customers, taking out a personal loan here is a good idea. There’s an autopay discount if you link a PNC checking account to your personal loan.

It’s also a good option if you have decent credit. Most borrowers have a high fair credit score, which means you might qualify if your credit score isn’t stellar. If you don’t have a great credit score or don’t think you’d qualify for a PNC personal loan on your own, co-applicants are welcome. Keep in mind that both you and your co-signer are responsible for your loan if you don’t pay it back. If you miss payments, your credit score will tank—and so will your co-signer’s.

The various ways to apply and many different levels of repayment terms also make PNC enticing. It’s a great option for potential borrowers who don’t need that much money—as little as $1,000. You can pay your loan back in as few as six months or even sooner, as there’s no prepayment penalty. It’s a good alternative to a payday loan.

However, there are some drawbacks. The lack of a prequalification option means that the only way to know if you qualify for a PNC personal loan is to apply first. If you don’t get approved, you’ll still have a hard credit inquiry on your credit report, which temporarily reduces your credit score. And you’ll still need to apply to other lenders for a personal loan.

Not all personal loan products are available nationwide, which means certain amounts and terms may not be an option where you live. If you don’t have some choices available, you might want to look at other personal loan options that are more in line with your needs.


Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of personal loan lenders. We collected over 25 data points across more than 50 lenders—including interest rates, fees, loan amounts, and repayment terms—to ensure that our content helps users make the right borrowing decision for their needs.

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