Credit is subject to approval. Certain restrictions and conditions apply.
Limited Time Introductory Rate and Cash Offer for New CHELOCs
For select borrowers taking advantage of equity in their home.[1]
How it Works
Limited Time Introductory Offer
The introductory rate offer applies to new CHELOCs secured by eligible property in targeted Low-to-Moderate income census tracts within the PNC Bank Assessment Area in your state.
For the First Six Months
0.25% Intro Rate APR.[1,2]
After Six Months
7.49% to 11.35%Variable APRs.[1,3]
Plus get $2000.[1,4]
Choice HELOC Application Process
Once you complete your application, you will be assigned a Loan Processor to guide you through closing until you've signed your final paperwork.
Contact Us
Take the Next Steps.
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During the Six-Month Introductory Period: During the six-month period that begins on the closing date (“Introductory Period”), the Introductory Annual Percentage Rate of 0.25% (“Introductory APR”) applies to credit advances taken from the Variable Rate Part of the CHELOC. The Introductory APR is available for applicants with approved line sizes of $10,000 or greater. The Introductory APR does not apply to any balances you transfer to a Fixed Rate Part. No employee or other discounts (such as the automatic payment discount, described below) are available for the Variable Rate Part during the Introductory Period. The 0.25% Introductory Rate Offer applies only to CHELOCs secured by eligible property in targeted low-to-moderate income census tracts within the PNC Bank Assessment Area. The Offer is available for CHELOC applications received from December 1, 2024, through December 31, 2025, and that close by February 28, 2026. The Offer may be discontinued at any time without notice.
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After the Six-Month Introductory Period: After the Introductory Period ends, any outstanding balance in the Variable Rate Part will convert to the Variable Annual Percentage Rate (“Variable APR”) per the terms of your CHELOC Account Agreement, which also applies to all subsequent advances. The Variable APR is higher than the Introductory APR and is based on the prime rate published in The Wall Street Journal plus a margin, but it will never be greater than 24% and will never be less than 2.25%.DEPENDING ON THE BALANCE OF YOUR CHELOC, YOUR MINIMUM MONTHLY PAYMENT WILL INCREASE, POSSIBLY SUBSTANTIALLY, AFTER THE INTRODUCTORY PERIOD ENDS. Variable APRs for loan amounts from $10,000 to $1,000,000 range from 7.49% to 11.35% as of November 1, 2025. Variable APRs shown also reflect a 0.25% interest rate discount for automatic payments from a PNC checking account. Your Variable APR may be higher or lower and will be based on the then-current variable-rate index value, your credit qualifications, amount of the line, loan to value, the property type, lien position and whether you elect the automatic payment feature from a PNC current checking account. If automatic payment is discontinued, you will no longer receive an automatic payment discount.
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For a limited time, PNC Bank is offering a check in the amount of $2,000 (the “Offer”) to eligible customers who obtain a CHELOC secured by certain qualifying collateral. To be eligible for the Offer, your CHELOC application must be approved, and your collateral property must be in a low-income census tract within targeted PNC Bank Assessment Areas. The Offer is subject to credit and property approval. If you meet the eligibility criteria and open a CHELOC account, a $2,000 check will be mailed to you within 30 days after the CHELOC account opening. We are required to report the value of the Offer to the IRS using the appropriate forms, and it may be considered taxable income to you. Please consult your tax adviser regarding your specific situation. The Offer may be modified or discontinued at any time. The Offer is available for CHELOC applications received 3/1/2025 through 12/31/2025, and that close by 2/28/2026. The advertised discounted margin is only available in targeted census tracts and is subject to change. Offer may be discontinued at any time without notice.
PNC is a registered mark of The PNC Financial Services Group, Inc. (“PNC”). All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.
©2025 The PNC Financial Services Group, Inc. All rights reserved.
PNC Bank, National Association.
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