When it comes to easy access to credit, putting out a loan is an excellent option because of the flexible repayment terms. PNC Bank’s Unsecured Personal Loan may let individuals borrow money without using a property as collateral.
Compared to normal loans, unsecured loans usually have a higher interest rate, but with flexible borrowing powers, and no collateral required. In the case of PNC Bank, individuals can possibly borrow up to $35,000.
Interested in PNC Bank Loan? Read on to find out more information about PNC Bank’s Unsecured Personal Loan features, interest rates, and other fees.
Features of PNC Bank’s Unsecured Personal Loan
The reason why people apply for unsecured loans is because of the benefit of having no collateral. Unlike other loans that require property as collateral, unsecured loans rely on bank accounts and credit scores in order to approve loans.
Typically, when the borrower cannot make monthly repayments, the bank may seize collateral such as property, jewelry, paper investments, savings accounts, etc.
Another great thing about PNC’s Unsecured Personal Loan is the ability to tailor loan amounts and monthly repayments. Borrowers can set the payoff date to settle monthly repayment at the most convenient day of the month.
Borrowers can also get a 0.25% discount for setting up automatic payments, but this can only be determined once a personal loan account is closed. The APR will depend on a borrower’s credit rating, as this determines the risk level.
How to Apply for PNC Bank’s Unsecured Personal Loan
An online application system is provided for individuals who want to submit a personal loan application online. Simply visit PNC’s website to start the application and begin filling out the form.
The application will require you to provide employment information, personal information, such as your full name, date of birth, Social Security Number, housing payments, and housing information.
Interested applicants can also call PNC Bank to inquire about the Unsecured Personal Loan and to submit the application. A credit report is also required to submit the application.
Personal Loan Interest Rates and Fees
Listed below are the interest rates and fees that accompany PNC Bank’s Unsecured Personal Loan.
- If you were to have an unsecured personal loan of $5,000 dollars, then the APR rates will be as low as 8.99% – 12.34%. These rates vary. As mentioned, the interest rates will also depend on an applicant’s credit score and income. This interest rate will be lower or higher depending on the score.
- While the interest can be higher for individuals with lower credit ratings, the monthly repayment is fixed to give borrowers more flexibility. The minimum loan amount to borrow is $1,000 and a maximum of $35,000 for the unsecured personal loan.
- PNC Bank also charges no origination and application fees.
PNC Bank Contact Information
For more information about PNC Bank’s Unsecured Personal Loan, you can speak with a bank representative at 1-877-947-8785 or through the online support chat.
We have also listed PNC Bank’s mailing address below.
PNC Bank
P.O. Box 747066
Pittsburgh, PA 15274-7066
Conclusion
Putting out a personal loan isn’t a bad idea as long as you’re employed, and able to meet payments each month. The PNC Bank Unsecured Personal Loan is not only affordable but also requires no collateral. It is best suited for individuals who need extra money for personal reasons.
For more information, visit the website of PNC Bank today.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.