Choice Home Equity Line of Credit

You choose when to borrow money and how to pay it back[1] — with the experienced lending help of PNC.

Fast, Easy, Secure

Apply online today!

Let's Talk

Fill out a short questionaire and we'll get in touch with you.

What is the zip code of your collateral property?

PNC product and feature availability varies by location. By using your zip code, we can make sure the information you see is accurate.
Please enter your property's zip code and click submit.

Check Current Home Equity Rates*

Details & Fees*

Interest Rate Type Variable
Payment Type Principal + Interest
Discounts Applied* 0.25% interest rate discount for automated payment from a PNC checking account.
Annual Fee* $50

*Certain restrictions and conditions apply. For important information on rates, fees and applied discounts, click on the "Important Disclosures" link(s) in the rate chart.

Key Features

Competitive Low Rates

Enjoy the flexibility to lock in a fixed rate on all or any part of the variable-rate balance.[2]

Easy Access

Access the funds by check, by phone, Choice Access Card, online or at a PNC Bank branch.

Tax Benefits

The interest you pay may be tax


Features and Benefits

Two Choices of Variable Rate Payment Options

  • Principal and interest - 1/360th of the principal balance in the variable rate part at the end of the billing cycle plus accrued interest and fees
  • Interest-only - The sum of accrued interest and fees during the billing cycle while in the draw period

A Fixed Rate Lock Payment Option

  • Principal and interest fixed rate with terms from 5-30 years

Flexible Draw and Repayment Terms

  • Principal and Interest Contract: 10-year draw period, followed by a 30-year repayment period
  • Interest-only Contract: 7-year draw period, followed by a 30-year repayment period
    • 0.25% interest rate discount when your monthly payment is automatically payed from your PNC checking account[4]

Fees & Costs at Closing

Home Equity Line of Credit Costs at Closing

  • No application fee
  • Insurance: you are required to carry property insurance on the property that secures your account. Flood insurance may be required. Title Insurance may be required for lines of $500,000 or more and for lines of lesser amounts depending on a number of factors, including the manner in which the property was acquired. Payments on this account do not include taxes or insurance
  • Annual Fee: $50
  • $10 GA Residential Mortgage Act Fee, applicable in GA only

Home Equity Line of Credit Servicing Fees

  • Cash Advance Fee - $0
  • Late Charge - The greater of $40 or 10% of the total amount of the payment
  • Return Payment Fee - $30
  • Stop Payment Fee - $20
  • Return Credit Line Check Fee - $30
  • Overlimit Fee - $30
  • Fixed Rate Transfer Fee - $100

The fees shown herein are the current PNC Closing Costs and Servicing Fees for new loans and lines of credit as of November 7, 2018 11:58:23 ET, and may not necessarily be applicable if your loan or line of credit was originated at an earlier or later date or by a PNC predecessor. Please call 1-888-PNC-BANK (1-888-762-2265) for information about servicing fees specific to your account.

How to Apply
Contact Us
Frequently Asked Questions

Is this your zip code?


PNC product and feature availability varies by location. By using your zip code, we can make sure the information you see is accurate.
If your zip code above is incorrect, please enter your home zip code and select submit.


Important Legal Disclosures and Information

  1. Certain conditions apply.

  2. APRs applicable for either option vary and will depend on the fixed rate index value at the time a Fixed Rate Part is established. Once a Fixed Rate Part is established, the APR for that Part will not change. The minimum amount to establish a Fixed Rate Part is $5,000.

  3. Interest on home equity loans/lines that are not considered home acquisition debt may not be tax deductible.  Please consult your tax advisor.

  4. Discount only applicable as long as payments are set up for automated payment from a PNC checking account. The removal of any discount, such as automated payment or employee, will increase the rate.

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.