PNC Bank Personal Loans & Lines of Credit: How to apply and requirements

Last Updated on February 11, 2023 by admin

United states National bank, PNC offers Personal Loan or Line of Credit to it’s customer’s to enable them consolidate debt such as unexpected expenses and make home improvements without stress.

Were are going to take a look at various PNC Personal loans as adumbrated below.

Also read: What is good Credit score:How to get it and Factors that Affect Credit Scores

1. PNC Bank Personal Loans & Lines of Credit

The bank Personal Line of Credit create room for customer’s decide how much to borrow, up to their approved credit limit and it doesn’t required any collateral before you can access this facility at your finger tips.

It currently operates in all or part of the following States in America: Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, Washington DC, West Virginia and Wisconsin.

Read: Best Banks For Small Businesses In United states of America

On the other hand, PNC bank Personal Loans has Competitive interest rates and NO prepayment fees is needed to during loan application process.The APR start from 6.54% (with auto-pay

Though the products vary by location.The bank has 0.25% interest rate discount for customers with a PNC checking account

2. Personal Installment Loan- Unsecured

PNC provides unsecured personal installment loans with fixed rates that vary by location. While borrowers don’t need an existing relationship with PNC to get a loan, those with a PNC checking account who opt for automatic loan payments receive a discount on their interest rate.

The bank unsecured personal loans range from $1,000 to $35,000 and repayment terms of six to 60 months in some states. The bank’s fixed rates start at 6.54 percent in some ZIP codes, but the rates available to you depend on creditworthiness, loan amount and where you live.

Eligibility requirements

The Minimum credit score not disclosed but show Proof of income and it best for existing
PNC customers and not good for borrowers with bad credit.

Also read: Best Auto {Car} loan Rates in United states

3. PNC Bank Investment Line of Credit- Secured

Borrower can use their PNC Investments account as collateral to get the following benefit

1. Get quick access to cash when you need it
2. Keep your investment strategy in place
3. No application or set up fees
4. Pay interest only on the portion of the line of credit used

4, PNC Bank Unsecured Personal Installment Loan

This a Personal Unsecured Installment Loan that provides borrower the access to the money they need without using their property as collateral

The Personal Installment Loan at a Glance

1. Minimum Loan Amount- $1,000
2. Maximum Loan Amount- $35,000
3. Collateral- None
4. Terms Available- Various repayment terms available
5. Rate- Fixed*
6. Prepayment- No prepayment penalty
Payment Frequency Monthly.

Also read: List of Best Credit Cards for Bad Credit in USA

How to Apply for a PNC personal loans

Borrowers can apply online, you must be a PNC Bank Business Banking customer. If not, you can apply at any PNC Bank branch.

2.You should Know the amount, type of loan you are applying for, borrowing purpose and collateral information, if applicable

3. Applicant’s full legal name, social security number and date of birth

4. Provide One form of photo ID (driver’s license, state-issued ID or US passport)
5. Previous address, if at current address less than two years
6.Your annual income and any other income to be considered

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Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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