Strongly not recommended
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Where does PNC Bank do business?
PNC Bank is based in Pittsburgh, PA. It was founded in 1845 and offers student loans in 50 states (and Washington, DC).
What rates does PNC Bank offer for in-school private student loan?
PNC Bank offers variable rate APRs that range from 4.18% to 11.26% APR. PNC Bank offers fixed rate APRs that range from 6.19% to 12.99% APR. Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.
How much can you borrow from PNC Bank?
Available loan amounts may vary by applicant but PNC Bank has a minimum loan amount of $1,000.
Does PNC Bank charge an origination fee?
No, PNC Bank does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does PNC Bank charge prepayment fees?
No, PNC Bank does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
What terms does PNC Bank offer?
PNC Bank provides repayment terms ranging from 1 to 15 years.
What type of borrowers will PNC Bank consider?
PNC Bank considers loans applications from:
- undergraduate students
- graduate students
- parents of students
What do you need to qualify for a loan with PNC Bank?
Applicants with a credit score of at least 600 can apply for a loan via PNC Bank.
Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Proof of income
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- Employed Full-Time
- Employed Part-Time
- U.S. Citizen
- U.S. Permanent Resident
- Proof of Income
- Proof of Residence
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)