Personal Loan Comparison: Wells Fargo vs PNC

Due to the variety of options for ordering a personal loan online, traditional banks have been forced to improve their offers. This is the case of Wells Fargo and PNC, who do not want to lose ground in this category. If you want to know what they offer you, be sure to review this comparison.

How much money can I ask for with Wells Fargo and PNC?

In Wells Fargo you can request an amount $ 100,000 maximum, while the minimum is at $ 3,000. This personal loan is available for current clients and also for those who do not have a relationship with this bank. Depending on your time with them, you could receive a discount.

With respect to PNC, the least you can request is $ 1,000 and the highest amount they give you is $ 35,000. In the same way, these quick credits can be obtained by clients of this entity with a checking account and they even give you a 0.25% discount on the interest rate if you enable automatic payment.

How long do I have to return the money?

As it is about personal loans and not fast loans, you have more time to pay back the money. With PNC you have a term ranging from 6 months to 5 years. The same is true of Wells Fargo, which gives you between 24 and 84 months to repay the borrowed capital.

Personal loanPersonal loan

  • APR: 5.24%
  • Minimum term: 12 months
  • Deadline: 60 months

 

  • Interest: Consult
  • Minimum amount: € 3,000
  • Maximum amount: € 100,000

More infoRequest
Personal loanPersonal loan

  • APR: 5.99%
  • Minimum term: Check months
  • Deadline: Check months

 

  • Interest: 5.99%
  • Minimum amount: € 1,000
  • Maximum amount: € 35,000

More infoRequest

How much do Wells Fargo and PNC personal loans cost?

We must emphasize that these financial entities offer quite competitive rates with respect to other options in the market.

If you are applying for a personal loan in Wells Fargo, the lowest APR can be 5.49% and go up to 24.49%. Besides that you can receive a loyalty discount, they do not charge you origination fee nor do they penalize you for advance payments.

On the other hand, the PNC also shows similar interest rates. The least they will charge you is an APR of 5.95% and the maximum is 25.44%. Like the institution above, They do not penalize you for paying in advance or require an opening commission.

If you don’t have a PNC checking account, you will have to pay an additional 0.25%.

How do I apply for a personal loan at Wells Fargo and PNC?

Applications for these personal loans have become easier, both for clients and for those who do not have an account at these institutions. In PNC you can visit an office, make a phone call or use their online form, which is the fastest way.

Once the information is sent through the online form, its processing is almost immediate. If you receive the approval, you will have to visit the closest branch to sign the documents and receive this personal loan.

As for Wells Fargo, you can apply in person, by phone or online. If you do not have an account with them, then you will have to visit a branch. Regardless of the option you choose, it is a simple process and you receive the approval the same day, as well as the requested amount.

How long does it take to give me the approval and the money?

According to the official information of these renowned banks, it is a fast financing. In Wells Fargo they give you the money The same day, by phone, in person or online (before 2 pm). Instead, with PNC you receive the funds in 1 or 2 business days.

What requirements do Wells Fargo and PNC have?

For any of the applications in Wells Fargo, they require the type of personal loan (secured or unsecured), amount, term and expiration date. This bank asks 600 minimum of score of credit and the following information:

  • Date of birth.
  • Permanent address.
  • Email and main phone.
  • Marital status (Wisconsin only).
  • US citizenship or permanent residence (this does not apply to secured loans).
  • Employment status.
  • Office phone.
  • Name of your employer.
  • Amount of payment for rent or mortgage.
  • Sources of income and gross monthly income.
  • Other additional documents as required.

PNC bank reveals the score minimum when you make the request. To complete the online form, you will need:

  • Full name.
  • Date of birth.
  • Social Security number.
  • Previous address (if you are less than 2 years old at the current one).
  • Valid photo ID.
  • Amount you are going to ask for.
  • Annual income.
  • With a co-applicant, you will also need to enter that person’s information.

How is money returned to Wells Fargo and PNC?

The repayment of the loan with these banks is done automatically.

Since PNC requires a checking account, if you enable automatic payment you receive a discount of 0.25% in the APR. With Wells Fargo the process is similar, you must have a checking account and place that option if you want to receive a discount.

We think both PNC and Wells Fargo are good options for personal loans. In the Business Blog comparator you get more financial products like these.

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