PNC Bank Personal Loans

PNC bank is the ninth largest bank in the United States by total assets. The bank has many branches and a solid financial reputation. It offers both secured and unsecured personal loans which you can borrow for different reasons such as debt consolidation, home improvement, refinancing and so much more.

PNC offers the following secured and unsecure personal loans and lines of credit;

Personal Installment Loan (unsecured) – in this loan you can be able to access the money you need without putting down any collateral. You therefore need to have a stellar credit score ranging from good to excellent. The money that you borrow in the loan is repaid back in small affordable installments.

With this loan you cannot be penalized for paying the entire loan at once. Since the monthly installments are fixed, you are able to arrange your finances to ensure you make payments religiously. You can also be able to quickly determine whether you can afford this loan if you are able to determine how much you can afford per month.

In this loan you can get a minimum of $1,000 and a maximum of $35,000. There are various repayment terms available so you can always choose the one that will not push you too hard.

Personal Installment Loan (Secured) – if you want a loan to buy a new recreational vehicle, a car for your personal use, a boat, or to refinance another loan then this is the loan for you. In this loan the bank offers a minimum of $2,000 and a maximum of $100,000. The collateral you use doesn’t have to be real estate.

You can apply for this loan through the phone or at a branch. There are various repayment terms available so you can get terms that will be okay with you. Furthermore, with a fixed rate and fixed monthly repayments the loan is very convenient.

The application is quick with 15 minutes to fill out the form you will be done. After that approval and disbursement of the fund will take about 2 days.

Personal Line of Credit– at PNC bank you can get a personal line of credit that is unsecured. There are no collateral constraints with the personal line of credit like there are with other financial institutions. A line of credit is a great way to get money on demand when you need it.

With PNC personal line of credit you can get a minimum of $1,000 and a maximum of $25,000. Prepaying your loan doesn’t come with any penalties. The rate for the personal line of credit is variable and based on the Wall Street Journal prime rate.

Service members enjoy benefits at PNC bank as stated out by SCRA. If you are a service member of a family member is you can speak with PNC bank to know what benefits you are eligible for. With the personal line of credit you decide when to borrow and how much you should borrow up to your allowed credit amount.