If Stafford and PLUS Loans don't cover the full cost of your education, the PNC Bank Resource Loan can help close the gap.
Resource Loans are alternative/private loans that provide credit-worthy students
and parents the funds needed
to finance undergraduate and graduate education.
It's quick, easy and affordable!
Program
Features
- 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
- Undergraduate borrowers
may choose to defer payments
until after graduation
- No prepayment penalties
or repayment fees
- Flexible repayment options
for undergraduate borrowers
- 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 automatic payment deduction from a 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
To maintain the interest rate reduction benefit, all payments must be directly debited from a bank account. If the auto deduct is stopped, the rate reduction benefit is lost. 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.
How
to Apply
Once
your application has been submitted,
you can check
your loan status online or by calling 800-851-2892 at any time.
If you have any questions,
our customer service consultants
are available to assist you.
Please call us at 800-851-2892, Monday through Friday
from 8am to 11pm and Saturday from 9am to 5pm Eastern time.
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