PNC Banking offers a variety of personal banking services, including secured and unsecured loans, deposit services and PNC Bank debit cards. Customers can earn cash back with PNC Purchase Payback, or they can open a certificate of deposit or and IRA account.
PNC Bank offers personal banking services such as home equity installment loans and home equity lines of credit. A home equity installment loan allows a customer to pay a fixed rate of interest over the entire term of his loan. A home equity line of credit is available when a customer needs it, and he pays interest at a variable rate on the amount of credit utilized. To access a line of credit, a customer simply writes a check or transfers money to other accounts. Customers can choose a home equity line of credit with an interest-only or principal payment and interest option during their draw periods. Customers can also establish secure loans by leveraging portions of their portfolios under management. Customers can put up stocks and bonds for collateral without needing to liquidate those assets.
Customers who do not want to link assets to their borrowing needs can take advantage of PNC's unsecured lines of credit. These loans are separate from the customer's wealth management portfolio or real estate holdings. These lines of credit provide access to ongoing cash needs.