PNC Solution Loan

PNC Bank We realize that covering all of your expenses can be a challenge, especially when government loans and financial aid just aren't enough. Apply for your PNC Solution Loan today so you can get the money you need to finance your education.
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Apply With a Co-signer

While not required, we strongly encourage undergraduate students to apply with a creditworthy co-signer if they may have difficulty qualifying for a loan due to limited income and credit history. This may increase an applicant's chances of approval and of possibly obtaining a better interest rate.

Benefits

  • Choose your interest rate option: variable or fixed rate
  • No application or origination fees
  • Save 0.50% off your interest rate when you establish automated payments from any checking or savings account 1
  • Enjoy flexible payment options: defer until you graduate or leave school, or start paying right away and save on interest 2
  • Receive a preliminary credit decision in minutes
  • Stress less about repaying your loan - take up to 15 years 3
  • A co-signer release option is available after the initial 48 consecutive on-time monthly payments and is subject to credit approval
  • Satisfactory academic progress is not required

Qualifications

  • Enrolled at least half-time in a degree program at an approved school
  • You and/or your co-signer must be creditworthy:
    • Must have a satisfactory credit history and employment history of at least two years
    • Must have proof of current income
    • Must be U.S. citizens or permanent residents who have resided in the U.S. for at least two years
  • Credit ready option available for graduate students who qualify

Loan Terms

  • $1,000 minimum loan amount
  • Monthly interest payments are not required during the in-school period and during the 6-month grace period, but by doing so, you can avoid capitalized interest.

PNC Solution Loans are subject to credit approval.

1 If automatic payment is discontinued, you will no longer receive an automatic payment discount. A federal regulation limits the number of transfers that may be made from a savings or money market account. Please contact your financial institution for more information on transfer limitations on savings accounts.

2 Students may choose to defer repayment until six months after graduation or ceasing to be enrolled at least half time in school. Interest-only and immediate repayment options are also available. Interest will accumulate while the student is enrolled in school if payments are deferred. If interest is not paid, the accumulated interest will be added to the principal at repayment.

3 Effective 4/1/2014, variable loan interest rates range from 3.46% to 10.41% and APRs range from 3.39% to 10.41%. Fixed loan interest rates range from 6.26% to 12.99%. The monthly payment for the immediate repayment option at a variable rate range of 3.46% to 10.41% for 180 months on a $10,000 loan means you would make 180 payments which may range from $71.29 to $109.98 based on 30 days to first payment due date. The monthly payment for the immediate repayment option at a fixed rate range of 6.26% to 12.99% for 180 months on a $10,000 loan means you would make 180 payments which may range from $87.06 to $126.46 based on 30 days to first payment due date. Monthly payments vary for the interest only and fully deferred repayment options. All figures are for PNC Solution Loan for Undergraduates. Other terms and conditions may apply to other PNC Solution Loan programs.

Please note: PNC reserves the right to modify or discontinue the terms of this program at any time without notice. Visit pnconcampus.com for additional information, terms and conditions about our loan programs.

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