Does PNC Bank issue personal loans?

PNC offers several different types of loans for individuals and businesses, including personal loans & lines of credit, mortgage purchase and business loans & lines of credit. Each type of loan is used for a different purpose and has different requirements to get approved.

Types of PNC Loans

• Personal Loans & Lines of Credit… read full answer
• Mortgage Purchase
• Home Equity Lines of Credit
• Auto Loans
• Student Loans
• Business Loans & Lines of Credit
• Business Vehicle Finance Loan
• Commercial Real Estate Loan

If you think a personal loan is best for you, check out the free pre-qualification tool on WalletHub. This tool allows you to see which lenders may approve you and what rates may be available to you.

To apply for a PNC personal loan, first check for pre-qualification and decide which way you will apply (online, by phone, or in person), then enter your personal and financial information on the application. Next, verify the accuracy of the information, submit the application, and wait to receive a decision.

How to Apply for a PNC Personal Loan

1. Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for a PNC personal loan. It doesn’t hurt your credit. You can check for pre-qualification on the PNC website.
2. Decide which way to apply. You can apply for a PNC personal loan online, by phone, or in person. Applying online is the best way because it typically offers the fastest decision.
3. Enter your personal information on the application. PNC requires the following personal information on the application: full name, Social Security number, date of birth, ID, email address, and phone number.
4. Enter your financial information on the application. PNC requires the following financial information on the application: housing status, occupation, employer, length of employment, annual gross income, and other types of income.
5. Double check the application for accuracy. To ensure that your PNC personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
6. Submit your application. PNC will typically provide a decision on your application within minutes.

If you are approved for a PNC personal loan, you will generally receive the funds within 1 - 2 business days after approval. After that, it’s your responsibility to make monthly payments until you have fully paid back your loan, including interest.

No, PNC does not allow cosigners on personal loans, but it does allow joint applicants. Joint applications enable two people to apply for a PNC personal loan together, then share equal responsibility for paying back the loan.

There are two major differences between having a cosigner and submitting a joint application for a personal loan. For starters, during the application process, a cosigner’s credit and income matter more than those of the primary applicant. In contrast, with a joint application, both people’s credit score and income matter equally.… read full answer

The other major difference between having a cosigner and submitting a joint application has to do with the repayment process. A cosigner is only responsible for making payments if the primary applicant fails to do so. Conversely, joint applicants both share the same level of responsibility for regular monthly payments.