PNC Personal Loans Review: Rates, Terms & Fees

PNC personal loans work best for borrowers with good to excellent credit who want no origination fees and a competitive rate ceiling. Rates run from about 6.99% to 26.94% APR, loan amounts span $1,000 to $35,000, and terms stretch from six to 60 months, though your actual offer depends on your credit profile, income and ZIP code.

Key Takeaways

• No origination fee or prepayment penalty means the rate you're quoted is close to the true cost of borrowing, and paying off your loan early won't cost extra.

• Loan amounts run from $1,000 to $35,000, a lower minimum than many online lenders, which can help if you only need a small debt consolidation loan.

• Co-applicants are accepted, which can help you qualify or land a better rate if your credit or income alone doesn't get you there.

• Reports vary on prequalification. Some sources describe PNC as offering no soft-pull prequalification, meaning checking your rate generally means a hard inquiry, while a couple of other reviews describe a prequalification step; confirm this directly with PNC before applying.

• Availability is limited to 27 states plus Washington, D.C., so confirm your ZIP code is eligible before you apply.

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Summary generated by AI, verified by MoneyLion editors

What Are PNC Personal Loans?

A PNC personal loan is an unsecured loan offered directly through PNC Bank, one of the largest banks in the U.S. Because it's unsecured, you won't need to put up your home, car or any other asset as collateral, and approval is based on your credit, income and overall financial profile.

PNC Personal Loans at a Glance

Rates and terms are subject to change and vary by loan amount, term, credit qualifications and ZIP code, so confirm current numbers directly with PNC before applying.

Are PNC Personal Loans Worth It? Pros and Cons

Weigh these before you apply:

Pros

• No origination fee or prepayment penalty.

• Low minimum loan amount of $1,000, useful for smaller borrowing needs.

• Co-applicants accepted, which can improve approval odds or help you land a better rate.

• A 0.25 percentage point APR discount for autopay from a PNC checking account.

• Competitive top-end rate compared with several no-fee bank competitors.

Cons

• Checking your rate may require a hard credit inquiry, depending on current prequalification availability.

• Available in only 27 states plus D.C., with added restrictions in a handful of states.

• Funding can take up to a week for non-PNC customers, slower than some online lenders' next-day options.

• PNC doesn't publish a minimum credit score or income requirement, so you won't know exactly where you stand before applying.

• Customer service reviews on Trustpilot run heavily negative, even though PNC holds an A+ rating with the Better Business Bureau.

MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms and fees from different lenders and choose the best offer for you.

What Rates and Terms Does PNC Offer?

PNC personal loan rates are fixed and generally range from about 6.99% to 26.94% APR, depending on your ZIP code, credit and loan terms. PNC's own calculator shows loans of $5,000 to $35,000 over 12 to 60 months priced between 6.99% and roughly 25.29% APR, including the autopay discount.

What Credit Score Do You Need for a PNC Personal Loan?

PNC doesn't disclose a minimum credit score for its personal loans, but its marketing and rate structure target borrowers with good credit or better, so aim for a FICO Score in the high 600s or above for the best shot at approval and competitive rates.

PNC also reviews income, employment and debt-to-income ratio. A co-applicant with strong credit or income may help if you fall short on your own.

What Fees and Costs Should You Expect?

PNC keeps its fee structure relatively simple compared with many online lenders.

• No origination fee.

• No prepayment penalty, so you can pay off your loan early and save on interest.

• A late fee applies if you miss a payment, though PNC doesn't publish a fixed amount; some third-party sources cite fees around $40 or 10% of your payment, whichever is greater, so confirm the exact figure in your loan agreement.

• A returned payment fee may apply if a payment is returned for insufficient funds.

Here's what a monthly payment might look like at a few loan amounts and terms. These are estimates only and will vary by your credit profile and PNC's current pricing.

How Do You Apply for a PNC Personal Loan?

1. Check availability. Enter your ZIP code on PNC's website to confirm personal loans are offered in your area. PNC only lends in a limited set of states.

2. Start your application. Existing PNC online banking customers can sign in and apply directly. New customers can apply online, by phone or at a branch.

3. Provide your information. You'll need your Social Security number, date of birth, address, income details and, if applicable, a co-applicant's information. Review our guide on personal loan requirements before you start.

4. Wait for a decision. PNC performs a hard credit inquiry once you formally apply. Some applicants get a same-day decision, while others wait a few business days.

5. Sign your loan documents. Existing customers may be able to sign electronically. New customers often need to visit a branch or receive documents by mail before funds are deposited.

Important: Reports vary on whether PNC offers a soft-pull prequalification option, so confirm current availability directly, since a formal application and hard inquiry may be required to see your rate.

Where Are PNC Personal Loans Available?

PNC personal loans are currently offered in the following states plus Washington, D.C.:

• Alabama

• Arizona

• Colorado

• Connecticut

• Delaware

• Florida

• Georgia

• Illinois

• Indiana

• Kentucky

• Maryland

• Massachusetts

• Michigan

• Missouri

• New Jersey

• New Mexico

• New York

• North Carolina

• Ohio

• Pennsylvania

• South Carolina

• Tennessee

• Texas

• Virginia

• Wisconsin

• West Virginia

How Does PNC Compare to Other Lenders?

Shopping around helps you confirm whether PNC's no-fee structure beats the alternatives for your situation. Compare personal loan offers to see options side by side, including Upgrade, LightStream and SoFi.

Is PNC a Legitimate, Trustworthy Lender?

Yes, PNC is a legitimate, well-established lender. PNC Bank is a subsidiary of The PNC Financial Services Group (NYSE: PNC), headquartered in Pittsburgh, tracing its roots to 19th-century predecessor banks that later merged to form PNC Financial Corp. Today, PNC is one of the largest banks in the country, with thousands of branches and hundreds of billions of dollars in assets, though exact figures shift as PNC continues to grow.

PNC holds an A+ rating with the Better Business Bureau, but Trustpilot reviews skew heavily negative, averaging around 1.3 out of 5 stars. Common complaints cite customer service delays, funds holds and fee disputes, and reflect PNC's full banking business, not personal loans specifically.

Who Is a PNC Personal Loan Best For?

Choose PNC if you:

• Have good or excellent credit and want a competitive rate ceiling with no fees.

• Only need a smaller loan, since PNC's $1,000 minimum is lower than many online lenders.

• Want to add a co-applicant to improve your approval odds or rate.

• Already bank with PNC and can set up autopay from a checking account for the 0.25 percentage point discount.

• Want to use your loan for debt consolidation or another documented purpose without paying an origination fee.

Consider looking elsewhere if:

• You want to prequalify with a soft credit pull before committing to a hard inquiry, and can't confirm PNC currently offers one.

• You need a loan larger than $35,000 or a term longer than five years.

• You want an entirely online process and don't already have or want a PNC account.

• You've compared personal loan offers from other lenders without finding a better rate than PNC's.

The Bottom Line

PNC personal loans are a solid fit for borrowers with good to excellent credit who want a smaller-dollar, fee-free loan with a competitive rate ceiling. Rates run roughly 6.99% to 26.94% APR on loans from $1,000 to $35,000, with no origination fee and no prepayment penalty. Co-applicants are accepted, which can help borderline borrowers qualify or secure a better rate.

The tradeoffs: PNC's soft-pull prequalification availability is reported inconsistently across sources, so confirm this directly, and the bank only lends in a limited set of states plus D.C. Compare personal loan offers before applying to confirm PNC is your best deal.

Key Terms

• Annual percentage rate (APR): The yearly cost of borrowing, expressed as a percentage, that includes your interest rate plus certain fees. PNC's APR already reflects any autopay discount you qualify for.

• Unsecured loan: A loan that doesn't require collateral like a home or car. Approval is based on your credit, income and financial profile alone.

• Origination fee: A one-time charge some lenders deduct from your loan proceeds before you receive funds. PNC does not charge one.

• Prequalification: A soft credit check that shows estimated rates without affecting your credit score. Reports vary on whether PNC currently offers this for personal loans.

• Hard inquiry: A credit check that occurs when you formally apply for credit, which can cause a small, temporary dip in your credit score.

• Co-applicant: A second borrower who applies for the loan with you and shares responsibility for repayment, which can improve approval odds or pricing.

• Debt-to-income ratio (DTI): The percentage of your gross monthly income that goes toward debt payments. Most lenders, including PNC, weigh this alongside your credit score.

• FICO Score: A credit score model ranging from 300 to 850 that lenders use to gauge repayment risk; a "good" score generally falls between 670 and 739.

Summary generated by AI, verified by MoneyLion editors

Sources

• PNC Bank: Unsecured Personal Loan

• PNC Bank: Personal Lending Rates and Fees

• PNC Bank: Personal Loans Customer Service and State Availability

• myFICO: What Is a Credit Score?

• Consumer Financial Protection Bureau: What Is a Debt-to-Income Ratio?

Summary generated by AI, verified by MoneyLion editors

FAQ

Here are quick answers to common questions about PNC personal loans:

Does PNC do a hard or soft credit pull for personal loans? Reports vary by source. Some describe PNC as requiring a hard credit pull with no soft-pull prequalification option, while a couple of other reviews describe a prequalification step. Confirm directly with PNC before applying, since a formal application may be the only way to see your actual rate.

What credit score do I need for a PNC personal loan? PNC doesn't publish a minimum credit score, but borrowers with good credit, generally a FICO Score of 670 or higher, have the best chance of approval and competitive rates. A strong income and low debt-to-income ratio can also help if your score is on the lower end.

Can I add a co-signer or co-applicant to a PNC personal loan? Yes, PNC accepts co-applicants on personal loan applications. Adding a co-applicant with strong credit or income can improve your approval odds or help you qualify for a better rate, though you can't add one after the loan has already been issued.

How fast can I get my money from a PNC personal loan? Funding speed depends on how you sign your loan documents and whether you're already a PNC customer. Existing customers who sign in person or online may receive funds almost immediately, while new customers typically wait several business days, and it can take up to about a week if documents are mailed.

Can I use a PNC personal loan to pay off credit cards? Yes, a PNC personal loan can be used for debt consolidation, including paying off credit cards. Combining higher-interest credit card balances into one fixed-rate loan with no origination fee may simplify repayment and reduce the total interest you pay, depending on your new rate.