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  PNC Bank Student Loans

PNC Bank Student Loans

in Private Student Loans from PNC Bank

Unaffiliated

PNC Bank Student Loans

Unaffiliated

in Private Student Loans from PNC Bank

Net Recommendation Score -50

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Loan Amount $1,000 - $100,000
Fixed APR 4.49% - 11.49%
Variable APR 4.41% - 11.41%

PNC Bank Student Loans Review

PNC Bank Student Loans is offered by PNC Bank, a bank founded in 1845 and based in Pittsburgh, PA. PNC Bank Student Loans is available in 50 states (and Washington, DC).

PNC Bank Student Loans FAQ

What rates does PNC Bank Student Loans offer for in-school private student loan?

PNC Bank Student Loans has a variable APR that ranges from 4.41% up to 11.41%.

It offers a fixed APR that ranges from 4.49% up to 11.49%.

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 Student Loans?

Available loan amounts may vary by applicant but PNC Bank Student Loans has a minimum loan amount of 1K and offers loans up to 100K.

Does PNC Bank Student Loans charge an origination fee?

No, PNC Bank Student Loans 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 Student Loans charge prepayment fees?

No, PNC Bank Student Loans 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 Student Loans offer?

PNC Bank Student Loans provides repayment terms ranging from 1 to 15 years.

What type of borrowers will PNC Bank Student Loans consider?

PNC Bank Student Loans considers loans applications from:

  • undergraduate students
  • graduate students
  • parents of students

What do you need to qualify for PNC Bank Student Loans?

Applicants with a credit score of at least 600 and up to 850 may be eligible for PNC Bank Student Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

PNC Bank Student Loans does not have or does not disclose a minimum annual income eligibility requirement. PNC Bank Student Loans only considers borrowers who are employed.

U.S. citizens are, of course, eligible for the services offered by PNC Bank Student Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
  • Proof of residence
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Message From Our Editor

What Do We Love About the PNC Students Loans?

PNC offers different types of customizable student loans for the bar exam, healthcare profession, undergraduate programs, and other professional exams. It serves as a viable credit solution to avail private loans when there is no coverage in the form of scholarships, grants, or federal loans.

If you opt for automated payment registration, you can count on PNC on interest rate discounts. PNC also offers flexible and convenient repayment options. In the event of death, PNC also offers forgiveness and charges no application or origination fees.

Although PNC doesn’t provide service for its loans, can’t help but praise its customer service. From loan servicing, flexible rates, terms, repayment assistance, loan forgiveness, scholarship sweepstakes, and useful resources, PNC offers a wide array of features with student loans.

What Could the PNC Student Loans do better?

The grace period of six months might not be enough to make the repayments. Furthermore, the application window for graduate and undergraduate programs is significantly shorter. In comparison, the application window for a residency loan is more than a year. It would also make sense to extend the application window for bar exams from six months to a year.

Also, the application process of PNC is quite complicated and needs more simplification. Since the eligibility requirements depend on the type of loan you want, the key parameters that can impact the qualification should be more clear to the individuals.

The Backstory of PNC

PNC has roots in corporate financial services in Pittsburgh, Pennsylvania. In late 2016, PNC had around $366 billion worth of assets. The company is diverse in its services and serves personal, business, and corporate clients. In a span of few years, PNC has managed to expand its services from conventional borrowing and banking to modern wealth management and investment offerings.

The Verdict

PNC is a practical solution for individuals who don’t have scholarships, grants, or federal loan coverage.  It offers loans to different graduate and undergrad programs that can help students move forward in their academic and professional careers.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 6:00pm
  • Tuesday 9:00am - 6:00pm
  • Wednesday 9:00am - 6:00pm
  • Thursday 9:00am - 6:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 2:00pm

Other Services by PNC Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 6 days
No Origination Fee
No Prepayment Fee
Late Fee Amount $5
Cosigner Optional
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Age 18
Verification Documents Required
  • Proof of Income
  • Proof of Residence
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Funding Time Range 7 - 14 days
Loan Term 1 - 15 years
Fixed APR 4.49% - 11.49%
Variable APR 4.41% - 11.41%
Loan Amount $1,000 - $100,000

PNC Bank Student Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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