PNC personal loans have low APRs, ranging from 9.24% to 19.44%, based on applicants’ creditworthiness. While you might be able to find a lower minimum rate from other lenders, PNC’s maximum is one of the lowest around. That means even people who just barely qualify for a loan will still get a good rate. Plus, PNC further minimizes costs because they don’t charge an origination fee. PNC offers up to $20,000 in funding, with up to 60 months to pay the loan off.
There are a few drawbacks to PNC personal loans, such as the fact that rates vary heavily by ZIP code. PNC isn’t as transparent as they could be about approval requirements, either. However, the benefits definitely outweigh the shortcomings.
PNC Personal Loan Review Highlights:
• PNC personal loan rates: 9.24% to 19.44%
• Processing timeline: 1 to 2 business days
• PNC personal loan requirements: 18+ years old; SSN, ITIN or passport
• Loan amounts: $1,000 to $20,000
• Payoff periods: 6 to 60 months
• Origination fee: $0
• Late fee: Varies
• Customer satisfaction: PNC holds an A+ rating from the Better Business Bureau and a 3.6/5 user score.
Overall, PNC offers personal loans with very attractive rates, though it’s a bit difficult to get some information on those loans. Fortunately, you can pre-qualify for a PNC personal loan online without hurting your credit. You can also try out WalletHub’s pre-qualification tool to check your status with other lenders.
Below, you can see how WalletHub rates PNC in three key categories: Terms, Requirements & Application, and Reviews & Transparency.
PNC Ratings by Category:
Terms: 5 / 5
Requirements & Application: 4.5 / 5
Reviews & Transparency: 3.3 / 5
Overall Score: 4.6 / 5