Compare a Personal Loan and Line of Credit
| Type | ||
Installment loan with a fixed term |
Line of credit that you can draw against as the need arises |
Line of credit that you can draw against as the need arises |
| APR | ||
Fixed Rate |
Variable Rate, based on Wall Street Journal Prime Rate |
Variable Rate, based on Wall Street Journal Prime Rate |
| Monthly Payment | ||
Fixed, based on initial disbursement |
Variable, based on a percentage of the outstanding balance |
Variable, based on a percentage of the outstanding balance |
| Access to Funds | ||
One-time, lump sum |
As needed, by check or online transfer |
Continuous draw period until the line terms after 5 years |
| Loan Amounts | ||
Min: $1,000 |
Min: $1,000 |
Min: $25,000 |
| Collateral | ||
None |
None |
Yes, at least double the line size |
| Ways to Apply | ||
Apply online, by phone or at a branch. |
Apply by phone or at a branch. |
Apply online |
Personal Installment Loan - Unsecured
Installment loan with a fixed term
Fixed Rate
Fixed, based on initial disbursement
One-time, lump sum
Min: $1,000
Max: $35,000
None
Apply online, by phone or at a branch.
Personal Line of Credit
Line of credit that you can draw against as the need arises
Variable Rate, based on Wall Street Journal Prime Rate
Variable, based on a percentage of the outstanding balance
As needed, by check or online transfer
Min: $1,000
Max: $25,000
None
Apply by phone or at a branch.
Investment Line of Credit
Line of credit that you can draw against as the need arises
Variable Rate, based on Wall Street Journal Prime Rate
Variable, based on a percentage of the outstanding balance
Continuous draw period until the line terms after 5 years
Min: $25,000
Max: $5,000,000
Yes, at least double the line size
Apply online
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Important Legal Disclosures and Information
Credit is subject to approval. Certain restrictions and conditions apply.
PNC is a registered mark of The PNC Financial Services Group, Inc.
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