Medical Residency Loan

PNC Solution Loan® for Health Professions Residency.[1]

Medical Residency Loan Rates

Fixed APR

4.74% - 11.19%

Variable APR

5.09% - 11.54%

Includes a 0.50% discount for automated payment.[3] Range covers repayment terms from 5 to 15 years.[2] 
Rates may vary by term. Additional Rate Details

Key Features & Benefits

With a PNC Solution Loan you can use the funds for any education-related expense.

Flexible Repayment

  • 5, 10, and 15 year repayment terms available.[2]
  • Immediate repayment, interest-only payments while in school and full deferment of principal and interest options available.[5]
  • For deferred payments, repayment begins six months after you graduate or cease to be enrolled in school at least on a half-time basis.[5]

Save Money

  • No application fees or origination fees.
  • Get 0.50% off your rate with automated payments from your checking or savings account.[3]

Product Details

  • Funds are sent directly to the borrower.
  • Cosigner Release: Borrower can apply for a cosigner release after 48 consecutive on-time monthly payments.[4]

Rate Ranges for PNC Solution for Health Professions Residency[2]

  5 Year
10 Year
15 Year
Fixed APRs
4.74 - 9.99%
5.54 - 10.79%
5.94 - 11.19%
Variable APRs
5.09 - 10.34%
5.89 - 11.14%
6.29 - 11.54%
Monthly Principal & Interest
Payment on a $15,000 loan
$281.83 - $322.59
$163.46 - $208.77
$126.40 - $176.44

Rates include a 0.50% discount for automated payments.[3] and are for the immediate repayment option.[5]
Lowest rates for well-qualified applicants. View Loan Application and Solicitation disclosure

What You Need to Apply

Before you start your application, review the list
of information you'll need to provide.


Student must:

  • Be enrolled or enrolling in a graduate or professional degree or certificate program.
  • Be enrolled or enrolling at least half time as determined by your school.
  • Be participating in a PNC-approved MD, DDS, DO or DVM residency programing or planning to participate in a residency program within a year.
  • Both the student and cosigner (if any) must be a U.S. Citizen or permanent resident.

Additonal Information to Provide

You (and your cosigner, if applicable) will need to provide personal information like:

  • Social Security number, driver's license (or State ID), date of birth.
  • Home phone number, home address and the number of years you lived there.
  • Email for your cosigner (if applicable).
  • Information like your mortgage or rent payments, where you work and how much you make per year.

Tell us a little more about your school

You'll need specifics about the school you want to attend:

  • Information like your school's name, major and degree type.
  • School enrollment date, academic term(s) that the loan will cover (full year, one semester, etc.) as well as expected graduation date.
  • Verification of Enrollment - A letter from the eligible school, a bill, class schedule or letter of acceptance.


Student and cosigner, if any, must:

  • Have satisfactory credit and proof of employment and income history.
  • Have been in business for at least two years if self-employed.
  • Meet debt-to-income requirements.

Start Your Application Today

Apply now to receive a preliminary
decision within minutes.[1]

Calculate Rate & Payments

You’re a few steps away from finding your preferred option to
funding your education.

Use the tool below to see different rates and payment information.

Estimate the cost of your student payment using our customizing payments tool.

Student Lending Payment Calculator

Additional Information

For additional rate and loan cost information view loan Application and Solicitation Disclosures

  • Unpaid interest is capitalized one-time at start of repayment. This interest is added to the principal amount of your loan.
  • Interest may be tax deductible; consult your tax advisor.
  • Outstanding debt will be forgiven upon the death of the borrower.
  • Borrow up to $15,000.

Applying with a creditworthy cosigner may increase chances of approval. A cosigner is typically required for undergraduate students; a creditworthy cosigner is required for 17-year old students.

You may choose from immediate repayment, interest-only payments or full deferral while enrolled. Full principal and interest payments begin 180 days after you cease to be enrolled in a medical residency or internship. Interest will continue to accrue through any deferment and is capitalized at repayment.[5]

Have Questions?

If you have any questions, our customer service
consultants are available to assist you.

Call Us

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Related Resources

Student Lending

Student Loan Center

Learn the facts, get answers and find the right private student loan for you.

Tools and Resources

Student Loans - FAQs

Get some answers to frequently asked questions and learn how PNC can help you with your borrowing options.


PNC Education Refinance Loan

Looking for a way to simplify your college or grad school debt repayment? Our PNC Education Refinance Loan maybe just the solution for you. Simplify your college or grad school debt repayment with one lender, one monthly payment.