7/12/2023
PNC Bank has more than 2,600 branches throughout the United States. It is a bank that offers you unsecured financing with fixed rates that vary by state and without the need to be a customer. Do you want to know how to apply for a loan at PCN Bank?
PNC Bank Loan Features
In general, this bank offers unsecured installment loans ranging from $1,000 to $35,000. Since terms vary by state, the maximum time to repay starts at 6 months and can go up to 5 years.
They do not say how long the money will be deposited and the interest rate (APR) will be subject to your score, state, the amount you request and the term you want to have to pay it back, which will affect the amount of your monthly payment.
- Amount: between $ 1,000 and $ 35,000
- Term: 0 months
- Interest: 7.89%
- APR: 7.89%
- Amount: between $ 5,000 and $ 50,000
- Term: between 1 year and 6 years
- Interest: 6.59%
- APR: 6.59%
- Amount: Up to $ 250,000
- Term: between 5 months and 0 months
- Interest: 4.59%
- APR: 4.59%
- Amount: between $ 1,000 and $ 25,000
- Term: 0 months
- Interest: 16%
- APR: 16%
How to apply for a PNC Bank personal loan?
When applying for a loan at PNC Bank, you can do it by phone, in person or through their website. The fastest way is to use the online form, for which you must provide the following information:
- The amount you want.
- Full name, date of birth and SSN.
- Current identification: Driver's license, passport or state ID with photo.
- Annual income and any other sources of money you want the bank to evaluate.
- Current address and previous address if you have less than 2 years where you live now.
When you are already a customer of this financial institution, they have a pre-filled application in your name. If you are applying for financing with a co-applicant, you must also provide that person's information.
Online information about the approval process is not very extensive. What we do know is that residents of some states have to go to a branch office to sign closing documents before obtaining funds.
In case you have questions about credit options or other issues, you can call 888-762-2265 from 7 am to 10 pm (ET) Monday through Friday. Saturday through Sunday hours are 8 am to 5 pm. You also have the app for iOS or Android to manage your PNC loan.
Advantages and disadvantages of PNC Bank loans.
We often choose a lender because we have made a thorough comparison on Busconómico or other portals, because they were recommended to us or for other more subjective reasons.
When it comes to PNC Bank personal loans, we want to give you a list of pros and cons so that you have more elements to know if it is what you are looking for.
Advantages
- Few commissions. This financing has no origination or application fees. In addition, this bank lets you pay the loan in advance without penalties.
- Additional benefits for customers. When you already have a checking account with PNC Bank, you have the opportunity to receive a discount on the APR of the loan. If you activate automatic payment, the discount is 0.25%.
- Option to add a co-signer. Unlike other conventional banks, this institution lets you apply for a loan as an applicant, which increases your chances of approval.
Disadvantages
- You may be required to go to a branch. This depends on where you currently reside. The fact that you have to travel can be an inconvenience that you will not have with online financing platforms.
- Products vary by state. In this case, both the APR and repayment terms are conditioned by where you are living. Also, it is not easy to get the information on PNC Bank's official website.
Tips for Getting Approved for a Personal Loan
Whether you choose a personal loan from PNC Bank or another entity, these tips can help:
Keep an eye on your credit
Your credit score will be critical when you apply. While you don't have to have an excellent score to get financing, having over 650 is starting off on the right foot. Make sure you have a copy of your file before you apply for a personal loan.
Don't be afraid to ask
When you talk to a loan officer or financial counselor, ask for pay stubs, tax returns and anything else you need to complete the application.
Also, clarify anything you don't understand regarding terms and conditions. Only when you know how to proceed and get organized should you apply for credit.
Prepare ahead of time
Gather all the documents you think you may be asked for when you apply for a personal loan with PNC Bank. Personal IDs, utility bills, pay slips and other proof of income are likely to be requested, so if you already have them you can expedite the process.
Applying for a loan at PNC Bank is not complicated when you meet the requirements. If you prefer another option, at Busconómico we analyze personal loans from other banks, such as Citizens Bank or Ally Bank so you can compare and choose more easily.
Español: ¿Cómo solicitar un préstamo personal en PNC Bank?