The PNC Bank has been servicing members since 1959, and in that time has learned a thing or two about lending student loans. It has branches in 22 states but offers its services to the whole nation.
Why get a student loan from PNC Bank?
There are some benefits to loans with this lender, such as a discount of .5% when using autopay, and the option to refinance your loan even if you didn't graduate.
What student loans does PNC Bank offer?
It allows you to either take out a new student loan or refinance a current one. Loans are available to undergraduates and graduate students across the whole country.
Student loan refinancing information (July 2020)
While you don’t need a degree to refinance your loan with PNC Bank, you’ll need to have paid loans for at least 24 months to be eligible. The minimum credit score requirement is also not stated, and you’ll need to do a hard credit check to see if you qualify.
Fixed rates from: | 3.44% - 6.24% |
Variable rates from: | Variable rates from: 2.79% - 5.59% |
Loan repayment terms: | Loan repayment terms: 5, 10, or 15 (Years) |
Loan amount: | Loan amount: $10,000 to $75,000 |
Private student loans
It has some reasonable starting APRs, but the lack of options for deferral makes it a risky investment. As with refinancing, you also can’t see the minimum requirements without actually applying and doing a hard credit check.
More about rates and fees of PNC Bank’s loan options (July 2020)
This lender has a fairly reasonable discount when using autopay. Below are the further costs and fees.
Fixed rates from: | 4.49% |
Variable rates from: | 4.59% |
Application fee: | None |
Origination fee: | None |
Disbursement fee: | None |
| Late fee: | 5% of the past-due amount after 15 days |
Returned payment fee: | None |
Prepayment penalty: | None |
