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PNC Bank: 2022 Auto Loan Review

2022-05-24 10:00:00

At a glance


Bankrate Score

  • Availability
  • Affordability
  • Customer Experience
  • Transparency
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About PNC Bank

  • Moneybag

    Loan amount

    $7,500 - $100,000

  • Credit Good

    Min. credit score

    Not specified

  • Rates

    APR from

    3.29% - 20.24%

  • Funds available in

    As soon as one day

PNC Bank features

Consider these aspects of an auto loan with PNC Bank before applying.


  • Checkmark

    In-person availability

  • Checkmark

    Quick funding

  • Checkmark

    Customer service


  • Close X

    Undisclosed eligibility requirements

  • Close X

    High minimum loan amount

PNC Bank is one of the biggest banks in the U.S., with more than 2,600 branches across the country. PNC offers auto loans in person, online and over the phone. It stands out for its PNC Total Auto program, powered by TrueCar. This service allows you to search for vehicles in your area, compare prices, apply online and receive funding overnight. Along with this, PNC offers competitive APR rates and a wide range of repayment options.

Pros and cons of PNC Bank auto loans

Consider these benefits and drawbacks of an auto loan with PNC Bank before signing off on an application. 
  • Fast funding timeline. With PNC Bank’s Check Ready Loan, you can apply online for a new or used car loan and receive a check in the mail overnight. Private party purchases and auto loan refinancing require a branch visit, but you can still pick up your check the same day you apply. 
  • PNC Total Auto program. PNC Total Auto guides you through the car-purchase experience from car comparison to loan application. It lets you see what other people in your area paid for cars, letting you better estimate the loan amount to apply for. 
  • Large branch footprint. If you prefer in-person service, PNC could be a good option. It has more than 2,600 branches in more than 25 states. 


  • High minimum loan amount. PNC’s minimum loan amounts are on the higher side. If you are looking to finance a new or used car through a dealer, you must be willing to spend at least $7,500, and you must refinance at least $5,000. 
  • Requirements not specified. PNC does not specify its requirements when it comes to income and credit score. This makes it harder to determine whether you will qualify for a loan with the company. 
  • Branch visit required for some loans. If you are hoping to purchase a used car from a private seller, you will need to visit a branch. If you don’t live in one of the states where PNC operates, this loan option isn’t available to you. 

Who is PNC Bank best for?

An auto loan from PNC bank is best for drivers who prefer in-person customer service and who live near a PNC branch; keep in mind that you must visit a branch if you are buying from a private party. PNC is also good for drivers who are on a short timeline, since it’s possible to receive a check on the same day you apply or overnight, depending on the type of loan you’re applying for.

Types of auto loans offered

PNC Bank offers auto loans for new and used vehicles and for vehicle refinancing.

New and used vehicle loans

PNC offers new and used auto loans for both dealership purchases and purchases from a private seller, although the details are slightly different for each type.

If you’re buying from a dealer, you can apply online for any amount between $7,500 and $50,000. Loan amounts up to $100,000 are available, but you will have to call to learn your options. If you are buying a used car from a private seller, you can borrow anywhere from $5,000 to $100,000. In both cases, you can choose a repayment term of 12 months to 72 months.


If you want to refinance your vehicle, PNC lets you choose a loan amount between $5,000 and $100,000 and a term between 12 and 72 months.

Lease buyout

PNC allows customers to take out an auto loan to purchase a leased vehicle. If you are looking to take home your leased car instead of return it, you can borrow as much as $100,000 from PNC for up to 72 months.

Interest rates and terms

PNC offers a discount of 0.25 percent off your interest rate if you set up automatic payments from a PNC checking account. The rates below include this discount.

Loan product Interest rate
New car from dealer 3.29% to 14.89% APR (with autopay)
Used car from a dealer 3.29% to 14.89% APR (with autopay)
Used car from a private party 8.89% to 20.24% APR (with autopay)
Lease buyout 6.89% to 18.24% APR (with autopay)
Refinance 6.89% to 18.24% APR (with autopay)

How to apply for a loan with PNC Bank

Applying for a new or used vehicle from a dealership using PNC’s Check Ready Loan is the easiest option. The application can be filled out entirely online, and if you are approved, a check can be mailed to you overnight.

The process looks different for private party auto loans and refinancing loans. With a private party auto loan, you need to visit a branch to apply, and you can either pick up your check at the branch or have it mailed to you once you’re approved. 

For refinancing, you can apply online, by phone or at a branch, but to close your loan you will need to either visit a branch or have the documents mailed to you.

Be prepared to provide:

  • Personal details, like your address, income and employer.
  • Vehicle information.
  • Photo ID, such as a driver’s license or U.S. passport.
  • 30-day payoff amount if you are refinancing.
  • Personal details about your co-applicant if you’re submitting a joint application.

Auto loan requirements

PNC does not specify its credit score or income requirements to get an auto loan. However, you may use its loans to finance only vehicles with a model year of 2014 or newer, and borrowers using the Check Ready Loan must work with a U.S. franchise dealer.

Customer service

PNC earns an “A+” rating with the Better Business Bureau, which tracks customer complaints and businesses’ responses to those complaints. An A+ is the highest rating given.

PNC has both online and app availability, as well as in-person appointments in its banks. Customer care consultants are available at 888-762-2265 Monday through Friday from 7 a.m. to 10 p.m. ET and on Saturday and Sunday from 8 a.m. to 5 p.m. ET.

How Bankrate rates PNC Bank

Overall score 3.7  
Availability 3.3 While PNC offers good maximum loan amounts, its minimum loan amounts are slightly higher than those of competitors.
Affordability 3.6 PNC has average minumum rates, but it does not disclose any of its eligibility requreiments or fees.
Customer experience 4.4 PNC standss out for its quick funding timeline and fairly wide range of customer service hours.
Transparency 3.5 PNC offers prequalification in some states and scores high for disclosed expected APR.
Editorial disclosure: All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.
Written by
Rebecca Betterton
Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car.