Whether you’re looking to upgrade your furniture, pay off high interest credit card debt, or pay for an upcoming special event, personal loans can be a great source of financing. Especially if you have good credit, taking out personal loans online and in person at your local bank is often a quick and simple way to get the cash you need.
At PCB, we offer Quilo personal loans that give you flexibility on loan amounts up to $20,000, with no application fees. Still not sure if a personal loan is right for you? We’re here to talk you through what you can expect from a PCB personal loan.
What Makes PCB’s Personal Loans Stand Out?
When you work with a community bank like PCB, we’re able to get you the money you need as quickly as possible, often faster than a traditional bank would. Our loans are easy to apply for and built to meet the diverse needs of our customers, whether you’re planning an upcoming vacation or wedding, looking for a new car, or trying to pay off existing, high-interest debts.
At PCB, we use Quilo, a personal loan platform integrated into our own systems that allows you to easily apply for a personal loan at any time. You’ll receive funds of up to $2,500 within minutes of approval.
One of the biggest benefits of applying for a Quilo personal loan through PCB is that your loan application won’t impact your credit score. There’s no origination or application fee, fixed interest rates, and no early repayment penalties if you want to take care of paying off your personal loan early.
Benefits of Applying Online with PCB
When you apply for personal loans near you with your local community bank, you have options for both applying online and in-person at a branch. While both have their pros and cons, applying online is often the fastest and easiest route.
When you apply online, you’ll be able to access personal loan services 24/7, from your home or wherever you might be. Prequalification, or preapproval, is typically available when you apply online, which means you can see all of your possible loan information straight away. You can also use a financial calculator to see what your monthly repayment amount might look like for the loan you’re considering.
Applying online with PCB also means that you’ll have a faster approval time and loan disbursement, which means you can have money in your account ready to use within minutes. Especially if you’re using your personal loan to pay off debts, the faster you can take care of these, the less interest you’ll be paying on them. So having these funds in your account quickly can make a big difference.
Why Pre-Approval Matters
Taking out a Quilo personal loan with PCB comes with pre-qualification, where you fill out some details online and we’ll tell you the amount you’re approved for and the repayment terms, including the interest rate. There are several benefits to being pre-qualified for a loan, including:
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Protecting your credit score. When you start the pre-approval process, we’ll only do a soft credit check, which means your score won’t be impacted until you actually take out the loan.
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Giving you all the information upfront. Knowing exactly what you’ve been approved for and all of the terms around your loan helps you budget more effectively before actually agreeing to the loan. This is one of the best reasons for pre-approval—you’ll be able to manage your finances much easier when you know what to expect.
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Improving your loan approval time. With pre-approval in place, when it comes time to actually accept and take out your loan, this process will be much smoother because the bank already has most of the details needed to approve you. This reduces the time it takes for all of the necessary paperwork to go through and for your money to be disbursed.
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Strengthens your negotiating power. If you’re comparing offers at several banks, having pre-approval can strengthen your ability to negotiate with several banks you might be considering.
Common Uses for PCB Personal Loans
Personal loans are a flexible and versatile tool for helping you manage your finances, pay for unexpected expenses, or consolidate debt into a lower interest repayment. Some of the most common uses for a PCB personal loan are:
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Medical expenses. An unexpected health emergency isn’t only stressful for medical reasons, but it can cause financial anxiety too. A personal loan can help cover costs of anything insurance doesn’t, like surgeries or treatments.
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Car expenses. While you may not need an auto loan to purchase a new car, costly repairs can take a significant amount out of your savings.
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Home improvements. Looking to make some serious updates to your property? Or maybe you’re after some new furniture. Whatever option you go with, a personal loan can help you finance it.
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Weddings or special events. When you’re planning the day of your dreams, or even after an engagement ring that fits a proposal to remember forever, savings might not cover everything. That’s where a personal loan can step in to fill the gaps.
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Moving costs. It may not be renovations to your new home that you need, but some financial support to relocate across town or across the country. Personal loans can help you with moving services, travel costs, and even temporary housing until your new home is ready.
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Education or skill development. Is there a training course you’re looking into that your workplace won’t fund? Or maybe you’re trying to switch to a new career path. Personal loans can cover some or all of these expenses.
How to Apply Online for a PCB Personal Loan
Applying for a personal loan with PCB is easy and only takes three quick steps when you apply online:
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Complete the application for pre-approval. When you apply for your loan, you’ll submit an application with your name, date of birth, address, social security number, current valid debit card information, and the purpose of your loan. We may need some additional details, but typically this is enough for pre-approval. You’ll need to live within PCB’s geographic lending territory and have a credit score over 660.
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Customize the loan to your needs. Select the amount you’re looking to borrow and the repayment plan that works best for you.
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Confirm your loan and receive your funds. Once you have pre-approval, you can review and confirm the amount on your loan. You’ll receive up to $2,500 within minutes, with additional funds available from the second business day.
Why Choose PCB for Your Personal Loan Needs
When you need a fast loan with simple terms, PCB is here to help. We offer speed and convenience through our online loan application with Quilo, with tailored options to fit your specific financial needs and goals. Leverage the integrity and reliability that comes with community banking when you work with PCB.
Secure the funds you need, when you need them, with a PCB personal loan. Apply online today for fast approval and enjoy the flexibility of having your loan ready for life’s planned or unexpected moments!