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Fees
Late fee of $40 or 10{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} of the payment (whichever is greater)
Regular Annual Percentage Rate (APR)
6.99{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} to 15.04{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}
Fees
Late fee of $40 or 10{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} of the payment (whichever is greater)
Regular Annual Percentage Rate (APR)
6.99{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} to 15.04{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}
Details
Regular Annual Percentage Rate (APR)
6.99{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} to 15.04{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}
Fees
Late fee of $40 or 10{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} of the payment (whichever is greater)
Pros & Cons
Highlights
Pros and cons of PNC Bank personal loans
PNC is best for borrowers with great credit who qualify for PNC’s lowest rates. You might find it difficult to find better rates elsewhere. If you want to avoid origination fees, PNC is also an excellent choice. Origination fees eat into your loan proceeds and increase your loan cost.
How PNC Bank personal loans compare
Side-by-side snapshot
Editor’s rating
Regular Annual Percentage Rate (APR)
6.99{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} to 15.04{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}
Editor’s rating
Regular Annual Percentage Rate (APR)
6.99{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} to 35.99{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}
Editor’s rating
Regular Annual Percentage Rate (APR)
6.99{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} to 23.24{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} (with relationship discount)
You can borrow up to $100,000 with Wells Fargo, which is a much higher maximum loan amount than PNC’s top amount of $35,000 and Prosper ‘s maximum of $40,000. If you need a larger personal loan, Wells Fargo may be a better option.
Wells Fargo’s repayment terms range from one to seven years, while PNC’s range from 6 to 6 months. If you want a shorter term length — and to save money on overall interest in the process — PNC may be the choice for you.
Prosper will charge you an origination fee between 2.41{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} and 5{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} of your total loan amount, while Wells Fargo and PNC won’t charge an origination fee at all.
See our ratings methodology for personal loans »
How to apply for a PNC Bank personal loan
1. Check what rate you qualify to receive. Depending on where you live, you may be able to prequalify for a PNC loan. You’ll need to send in basic information, such as your name, address, income, Social Security number and birthday to see what rate you’ll get. Your credit score won’t be affected by this because PNC will only perform a soft credit check.
2. Look over different loan offers and choose the one you can afford. After you submit your initial information, PNC bank will give you different term options. A shorter term length means larger monthly payments — but you’ll save more in interest.
3. Send in a formal application. You may need to also submit W-2s, pay stubs, and bank statements to confirm the information you initially provided. When you submit a formal app, PNC will conduct a hard credit check, which may temporarily lower your score. If you weren’t eligible to prequalify as listed in step one, you’ll have to submit a formal application to get your rate.
4. Accept your loan terms and plan for repayment. After you sign the document accepting your loan terms, your loan will be approved and funded. Make sure you’ve worked your loan payments into your budget — late payment may add significant costs to your loan.
Frequently asked questions
PNC Bank has a top-notch A+ rating from the Better Business Bureau, a non-profit organization focused on consumer protection and trust. The BBB crafts its ratings by evaluating at a business’ responses to consumer complaints, honesty in advertising, and clarity about business practices.
Note that a top-notch BBB rating doesn’t ensure you’ll have a great relationship with the lender. Reach out to anyone you know who has taken out an personal loan with PNC and learn about their experiences with the company.
PNC hasn’t been involved in any recent scandals. Between its clean history and excellent BBB rating, you might feel comfortable borrowing from the lender.
PNC Bank doesn’t disclose its minimum credit score requirements, so its unclear how difficult it is to qualify for a personal loan with the lender. Apply to see if you’re eligible and to determine your rate.
You might be approved the day you apply, or within one to two business days.
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