What bank does PNC use for personal loans? This question is about PNC

What bank does PNC use for personal loans?

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This question is about PNC

Grace Enfield, Content Writer

@grace_enfield • 07/21/22 This answer was first published on 07/21/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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PNC uses PNC Bank to fund personal loans. The company offers loans of $1,000 - $35,000 with APRs of 5.99% - 32.24%, depending on an applicant’s creditworthiness, and gives borrowers 12 - 60 months to repay their loans. You will need a credit score of 660+ to qualify.

Key Things to Know About PNC Personal Loans

Loan Amounts: $1,000 - $35,000
APRs: 5.99% - 32.24%
Repayment Periods: 12 - 60 months
Credit Score Requirement: 660+
Late Fee: Varies
Origination Fee: None
Prepayment Fee: None

For more information, check out the full PNC review on WalletHub.

Answer Question

Are PNC personal loans legit?

Yes, PNC personal loans are legit because PNC is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why PNC personal loans are legit is that the lender has a rating of A+ from the Better Business Bureau.

Why PNC Personal Loans Are Legit

PNC is registered as a business in the states it services.
PNC has a Better...

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Does a PNC personal loan affect your credit score?

Yes, a PNC personal loan does affect your credit score, both when you apply and during the entire time that you are paying the loan off. Initially, a PNC personal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.

How a PNC Personal Loan Affects Your Credit Score

Hard pull: When you apply for a PNC personal loan,...

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What credit score do you need for a PNC personal loan?

Applicants need a credit score of 650 to get a personal loan from PNC, according to multiple third-party sources. That means the PNC personal loan credit score requirement is in the fair credit range. To put this in perspective, most other lenders' credit score requirements for personal loans range between 585 and 700.

Keep in mind that just having a 650 credit score is not enough to qualify you for a PNC personal loan....

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