PNC Bank and TD Bank are large regional banks offering personal loans. TD Bank offers a wide range of financial products and serves almost 10 million consumers and has physical locations mostly along the East Coast. PNC Bank has over 2,600 physical locations across the U.S. and offers several lending products in addition to personal loans, including auto loans, student loans and credit cards.

PNC Bank and TD Bank are good options for personal loans. Comparing each option and understanding their pros and cons can help you assess which one might be a better fit for you.

PNC Bank vs. TD Bank at a glance

PNC and TD Bank offer similar minimum loan amounts. But there are some key differences to consider, like loan amounts, repayment terms and funding speed.

PNC Bank TD Bank
Bankrate Score 4.6 4.8
Better for Applying with a co-borrower, shorter loan terms Fast funding, larger loan amount
Loan amounts $1,000-$35,000 2,000-$50,000
APRs Varies by ZIP code 8.99%-23.99% (with autopay and direct deposit discount)
Loan term lengths 6-60 months 36-60 months
Fees Not disclosed Late fee of $10 or 5% of outstanding balance, whichever is less
Minimum credit score Not disclosed 660
Time to funding Within three business days As quick as the next business day

PNC Bank personal loans

Pros

  • Autopay discount.
  • Wide range of terms available.
  • Joint loans are available.

Cons

  • Higher maximum rate
  • Slower funding speed.
  • Product availability varies by zip code.

PNC bank offers unsecured bank loans up to $35,000. It offers flexible repayment terms — six months to five years, making it a good option for borrowers regardless of whether they’re seeking a short- or long-term loan.

PNC also allows applicants to apply with a co-borrower, which may help increase your approval odds.

However, a downside is that PNC has a higher maximum rate in some locations. For instance, when we checked the rates for a Houston Zip Code, the maximum APR listed was 31.49%.

TD Bank personal loans

Pros

  • Low APR range.
  • Fast funding.
  • Higher loan amount.

Cons

  • Need good credit to qualify.
  • Doesn’t allow co-borrower applications.
  • Not available in all states.

TD Bank offers a “FIT TD” loan, an unsecured personal loan option designed for borrowers with good credit  — the minimum credit score is 660. Applicants can choose from a wide range of loan amounts from $2,000 to $50,000. Plus, the lender doesn’t charge any origination fee. Once approved, you can receive funds as soon as the next business day.

That said, TD Bank loans do have some drawbacks. A significant con is that it’s only available in 19 states. Another disadvantage is that, unlike PNC Bank, TD Bank doesn’t allow applicants to apply with a co-borrower.

How to choose between PNC and TD Bank

While PNC Bank and TD Bank are both top lenders, they’re not right for everyone. Here’s how to decide which one may better fit your needs.

PNC Bank is better for applying with a co-applicant

If you want to apply with a co-borrower to increase your approval chances, PNC is a better fit. Note that applying with a co-borrower could help you qualify for a higher loan amount.

It’s also a better choice if you want a repayment term that is shorter than 36 months. PNC offers repayment terms as short as 6 months, but keep in mind that choosing such a short term typically results in higher monthly payments.

TD Bank is best for fast funding

If you’re approved for a loan with TD Bank, you can receive funds as quickly as the next business day, two days sooner than the average funding time for PNC Bank. This makes TD Bank a better fit if you need money for an emergency.

In addition, TD Bank may be a better option if you want a better rate depending on your credit. Its maximum rate is 23.99% with autopay, while PNC Bank’s maximum rate is 31.49% in some locations.

Compare lenders before applying

PNC Bank and TD bank are good options to consider if you need an unsecured personal loan. That said, if you prefer a repayment term that’s less than 36 months, PNC Bank might be a better option.

If you want to borrow more than $35,000 or want to receive funds faster, TD Bank better matches your borrowing needs. Before you submit an application with either lender, prequalify with them to get estimated rates and terms. Also, compare other lenders to ensure you’re making the best decision for you.