The PNC Bank Resource Loan for Graduate Students may be your answer to meeting the rising costs of a graduate school education. It's quick, easy and affordable!

Program Features

• The variable interest rate is based upon the LIBOR Index plus a margin ranging from 3.10% to 5.60%, and is adjusted quarterly. The interest rate margins vary, depending on the program selected and creditworthiness of the borrower or co-signer (if any)
• Loan origination fees are based on the credit program selected, the creditworthiness of the student borrower and the co-signer (if any), and range from 0% to 9.50% of the total loan amount (requested loan amount plus the origination fee)
• Use the funds for any education-related expense — even to pay off past due balances!
• No application deadlines; apply anytime
• Receive a preliminary decision for a loan within minutes of applying online or by phone
• Defer payments until six months after you graduate or leave school*
• No prepayment penalties or repayment fees
• Borrow up to the cost of your education, less any financial aid received ($45,000 annual cap)
• Borrow up to $20,000 annually with no income or employment requirement
• Interest may be tax deductible (consult your tax advisor)
• Funds are sent directly to the school and can be disbursed within two business days of final approval
• A 0.25% interest rate reduction is available if you elect to have your monthly payments automatically deducted from your bank account*
• A co-signer release option is available to borrowers after the initial 48 consecutive on-time monthly payments and subject to credit approval*

* Interest will continue to accrue during periods of deferment. The interest rate reduction benefit is lost if automatic payment deduction is discontinued. To release a co-signer from the loan after 48 consecutive payments, the borrower must request a co-signer release and pass a credit check.

Eligibility

• A graduate or professional student in a degree or certificate program
• Enrolled at least half-time as determined by your school
• An international student with a qualified credit-worthy U.S. citizen or a permanent resident co-applicant
• Meeting the credit guidelines listed below

Credit Guidelines
There are two credit options available for this program: credit-ready and credit-worthy.

If you are applying as a credit-ready applicant, on your own signature, you will need:

• to have a good or no credit history
• to be a U.S. citizen or permanent resident

• a satisfactory credit history of at least two years
• proof of current income
• if self-employed, to have been in business for at least two years
• to be a U.S. citizen or permanent resident and have resided in the U.S. for the previous two years

How to Apply

• Apply online
• Apply by phone at 800-851-2892
• Apply by fax
  Print and complete the application below and fax it to
  888-329-8374
• Apply by mail
  Print and complete the application below and mail it to:
  
  The PNC Bank Resource Loan
  P.O. Box 838110
  Boston, Massachusetts 02283-8110



• Download an application for The PNC Bank Resource Loan for Graduate Students

If you have any questions, our customer service consultants are available to assist you. Please call us anytime at 888-288-9226.

PNC Bank reserves the right to modify offered interest rates, fees and borrower benefits at any time without notice.