PNC Bank offers aChoice Home Equity Line of Credit, or CHELOC, with variable-rate and fixed-rate options.
Bank branches are located throughout the US, in regions including the Mid-Atlantic, Midwest, Southeast and Southwest.
Customers who set up autopay from a PNC checking account can get a 0.25% rate discount.
No hidden fees:PNC doesnt make customers fret about ambiguous fees.
It promises to disclose, clearly, all fees for its CHELOC.
you might also call the customer service team directly or visit one of PNCs 2,500 branches.
Doesnt advertise rates online:Unlike many lenders, PNC doesnt advertise average rates for its CHELOC online.
Borrowers will have to create an online account with PNC to see estimated rates.
However, checking rates with PNC wont trigger a hard check unless you go forward with an software.
Fees
PNC Bank charges a $50 annual fee forhome equityborrowers.
However, the maximum rate drops to 85% in Connecticut, Kansas, Massachusetts, Minnesota and Tennessee.
The higher your credit score, the more likely you are to qualify.
you’ve got the option to apply online, over the phone or at a branch.
PNC advertises that the system process typically takes about 15 minutes.
You should also expect to provide documents such as pay stubs and tax documents.
Once you submit your utility, the bank will verify your information.
Upon approval, a PNC loan processor will contact you and walk you through the closing process.
Customer service
For home equity questions, new customers can call 877-323-5905.
Current PNC customers can call 800-822-5626.
Automated service is available at the same phone number.
you’re free to also contact customer service via PNCsTwitter account.
Representatives are available Monday through Sunday 3 a.m. to 9 p.m. PT.
