PNC Bank Personal Loans Review
Pittsburgh National Corporation (or PNC bank) is one of the leading US financial services providers especially of personal loan service.
PNC stands out due to its individual focused approach to each and every customer as well as solid market reputation.
When it comes to borrowing, personal banking services by PNC include the entire standard spectrum: personal credit line and personal loans, mortgage, auto and education loans as well as caring support and useful tools like calculator to count home affordability.
PNC Bank Personal Loans – Types of Personal Loan at a Glance
There are some prejudices connected with personal loans among borrowers.
For instance, only high credit score owners are accepted, or too sky-high interest rates.
However, in most cases these prejudices are only partially true-to-fact.
There are actually several types of personal loans offered by PNC bank both for high and average or even low credit score owners:
- personal unsecured loans from $1,000 which do not require any collateral or perfect credit history, have agreeable repayment terms and fixed rates paid on monthly basis.
- personal secured loans. They offer a bigger loan amount up to $100,000, however, they also require collateral (non-real estate one), grant stable fixes interest rates and no prepayment penalty.
Another option as for personal borrowing is also at your service at PNC, and it is personal line of credit.
The comparison of key points and differences can be found below.
Personal Loan vs. Personal Line of Credit
If to compare these two services, they both have advantages for certain financial situations and customer’s possibilities.
Let’s compare PNC Bank Personal Loans options with credit line offers:
|Personal Loan||Line of Credit|
|From $2,000 up to $100,000||From $1,000 up to $25,000|
|Loan with a fixed unchanged term||Can be used anytime when needed|
|Collateral required (non real-estate one)||No collateral required|
|Fixed interest rate for the loan term||The rate is not fixed and varies|
|One-time access to funds||Access when needed by transfer or check.|
How to Apply PNC Personal Loan
Several options offered by PNC include phone support and application, application in person in the office or online application form.
Unfortunately, only PNC short-term loans or unsecured ones have an online application form available to proceed.
All the other loans can only be applied by phone which can be found on the contact box or at the nearest branch office.
Prior to applying for any type of personal loan consult the support service which loan type suits your particular situation and budget the most.