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PNC Solution Loan
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. Apply Now
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
- 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
- Borrow up to the full cost of your education, less other aid received
- 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
Apply for the PNC Solution Loan
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.
Apply for the PNC Solution Loan
PNC Solution Loans are subject to credit approval.
1 0.50% interest rate reduction is available as long as payments are automatically deducted from any checking or savings account. The interest rate reduction benefit is lost if automatic payment deduction is discontinued.
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 1/1/2012, interest rates range from 3.55% to 11.25% and APRs range from 3.41% to 11.25%. The monthly payment for the immediate repayment option at a rate range of 3.55% to 11.25% for 180 months on a $10,000 loan means you would make 180 payments which may range from $71.73 to $115.23 based on 30 days to first payment due date. 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.
© 2012 The PNC Financial Services Group, Inc. All rights reserved. PNC Bank, National Association.
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