PNC Investment Line of Credit
A secured line of credit where you can get quick access to cash while maintaining your investment strategy in your PNC Investments account.
Reach your financial goals with help from an Investment Line of Credit[1]
A PNC Investment Line of Credit allows you to pay for what you want - a home renovation, consolidating debt or just to cover an unexpected expense.[2]
Quick access to cash
Your PNC Investment Line of Credit can provide you with the money you need for large projects or big ticket items. It's up to you just how you use it!
No set up or application fees
Access to cash is easy. No waiting for cash disbursements, or applying for a new loan every time you need cash.
Keep your investment strategy in place
Get the cash you need when you need it without withdrawing the money from your investment account. Simply use your eligible PNC Investments account as collateral.
Pay interest only on the amount used
There's no cost to have access to the cash you need. You'll only pay interest on the amount that you use.[3]
Follow these steps to Apply for an Investment Line of Credit
1
Use your current Online Banking user ID and password to begin.
2
Complete the application, then agree to the terms and conditions.
3
Access your line of credit, typically within 2 business days.
An eligible PNC Investments account and Online Banking access is required.
Don't have an investment account? Contact a Financial Advisor to learn more »
What do I need to be eligible?
You’ll need a PNC Investments account and Online Banking access. Please note: Certain PNC Investments account types, such as retirement, trust, joint, business and margin enabled accounts are not eligible.
What is the minimum to qualify?
$50,000 in eligible assets in a PNC Investments account.
How much of a credit line could I obtain?
You can get a line of credit for up to 50% of your eligible assets. Minimum credit line amount is $25,000 and maximum credit line amount is $5,000,000.
What are the rates for the Investment Line of Credit?
The Annual Percentage Rate (APR) is a variable rate based on the line of credit amount and creditworthiness and will vary based on Prime Rate.
Why can’t I use my IRA or other retirement account as collateral?
Retirement accounts are subject to legal and regulatory restrictions that prevent using them to secure a loan or line of credit.
What are some of the potential uses for a PNC Investment Line of Credit?
- Home renovations and improvements
- Paying off higher-interest debt
- Covering unexpected expenses and major purchases
What are the benefits of using this Line of Credit?
- Access to cash quickly, typically within 2 business days after agreeing to terms and conditions
- Apply online with no setup or application fees
- Maintain your investment strategy by using your existing PNC Investments account as collateral
- Paying interest only on the amount used keeps your out-of-pocket cost at a minimum
What are some of the risks of using a PNC Investment Line of Credit?
- Securities markets can be volatile. If the value of eligible collateral decreases as a result of a market downturn, your credit line may be lowered, you may have to deposit more eligible collateral to your PNC Investments account, or PNC Bank may sell some of your securities in order to meet a maintenance call and maintain the amount of collateral required to support your credit line.
- If you default on the line of credit, PNC Bank can liquidate assets without contacting you and this can result in a tax liability in the form of capital gains taxes or losses on the assets sold.
- Because the Investment Line of Credit is a variable-rate loan, an increase in the Prime Rate will increase the cost of your loan. Other loans may have more favorable rates.
- Additional details of potential risks are contained in the PNC Investment Line of Credit Client Acknowledgment and other loan documents, which you will be required to review, acknowledge and sign during the application process.
Are there any fees?
Late Payment fee of $40.
Important Legal Disclosures and Information
1. Credit is subject to approval. Certain terms and conditions apply. An eligible PNC Investments account and Online Banking access is required.
2. Through your Investment Line of Credit you can borrow up to 50% of the value of the eligible assets in your PNC Investments account. Certain PNC Investments account types, such as retirement, trust, joint, business and margin enabled accounts are not eligible.
3. The Investment Line of Credit is a variable rate loan. The Minimum Monthly Payment during each billing cycle will be the greater of $45 or the sum of any Interest Charges. In no event will the Minimum Monthly Payment be greater than the entire outstanding balance on the account.
BBVA USA has been acquired by The PNC Financial Services Group, Inc. and is operating as an affiliate of PNC Bank, National Association. (PNC Bank, N.A.) until approximately October 12, 2021 when BBVA USA will be merged into PNC Bank, N.A. Both banks will continue to offer independent products. Product offerings may differ in underwriting guidelines, product features, terms, fees and pricing. You are free to apply at either bank for the products of your choice. You can also learn more by contacting us at 1-888-PNC-BANK.
Bank deposit, treasury management and lending products and services are provided by PNC Bank, National Association.
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