For the ACHIEVER in you.
Home Home Home

Private Loans for Health Professions Residency

The PNC Solution Loan™ for Health Professions Residency can help you get the money you need to pay for residency interviews and relocation.

The PNC Solution Loan for Health Professions Residency is a private loan offering a convenient way to pay for expenses related to your medical residency program including interview, relocation and living expenses.

Who It's For: MD, DDS, DO and DVM residents

  • Choose your interest rate option: variable or fixed rate
  • No application or origination fees
  • Borrow up to $15,000
  • Apply up to a year before your residency begins
  • Get 0.50% off your rate with automated payments from your checking or savings account1
  • A co-signer release option is available after 48 consecutive on-time monthly payments2
  • Variable rate loan interest rates range from 3.73% to 10.68%
    (APRs from 3.65% to 10.68%)3
  • Fixed rate loan interest rates range from 6.49% to 12.99%
    (APRs from 6.26% to 12.99%)3
  • Receive a preliminary decision within minutes of applying online
  • Take up to 15 years to repay3
  • Payments can be deferred during your residency (up to 4 years) and six months after your residency ends, or you can choose to begin repayment immediately to save on interest expense4
  • One-time capitalization of interest at repayment
  • Funds are sent directly to you
  • Outstanding debt will be forgiven upon the death of the borrower
  • Interest may be tax deductible; consult your tax advisor
  • View loan application and solicitation disclosure


You must:

  • be participating in an approved MD, DDS, DO or DVM residency program, or planning to participate in a residency program within a year

You and your co-signer, if any, must:

  • be U.S. citizens or permanent residents
  • have lived in the U.S. for the previous two years
  • meet the credit guidelines listed below
  • meet debt-to-income requirements

Credit Guidelines

When applying as creditworthy or with a creditworthy co-signer, you or your co-signer need:

  • two years of satisfactory credit history, and two years of continuous income and/or employment history
  • proof of current income
  • if self-employed, to have been in business for at least two years

Considering Applying With a Co-signer?

  • Applying with a creditworthy co-signer may increase your chances of approval.

Deferment and Repayment

You may choose from immediate repayment, interest-only payments or full deferral while enrolled. Full principal and interest payments begin 180 days after you cease to be enrolled in a medical residency or internship. Interest will continue to accrue through any deferment and is capitalized at repayment.

If you have any questions, please contact our customer service center to speak with a student loan specialist at 1-800-762-1001, Monday through Friday from 8am to 5pm Eastern time.

1Get 0.50% off your interest rate with automated payments from your checking or savings account when making scheduled payments that include both principal and interest. If automatic payment is discontinued, you will no longer receive an automatic payment discount. A federal regulation limits the number of transfers that may be made from a savings or money market account. Please contact your financial institution for more information on transfer limitations on savings accounts.

2A request to release a co-signer requires that you have made forty-eight (48) consecutive timely payments with no periods of forbearance or deferment within the forty-eight (48) month timeframe. “Timely payment” means each payment is made no later than the 15th day after the scheduled due date of the payment. “Consecutive payment” means the regularly scheduled monthly payment must be made for forty-eight (48) months straight without any interruption. To qualify for a co-signer release, the borrower must submit a request, meet the consecutive, timely payment requirements, provide proof of income and pass a credit check.

3View important disclosure and repayment information for the PNC Solution Loan for Health Professions Residency. Residency loan range: $1,000 to $15,000. Maximum aggregate educational debt (including both federal and private student loans): $225,000. Interest will continue to accrue during periods of deferment. Applicants may call the PNC Education Loan Center to confirm school eligibility.

4Interest will continue to accrue during periods of deferment. Paying the interest as it accrues each quarter will save you money over the repayment term of the loan because any accrued interest that you do not pay will be added to the principal balance at the end of the deferment period.

PNC reserves the right to modify or discontinue any or all terms of this program at any time without notice. Loans may be sold to other financial organizations; however, the interest rate and term of the loan will not change if a loan is sold. PNC Solution Loans are subject to credit approval.

Customer Service

To speak to a loan specialist, call:


Create Your Own Strategy

Whether you're planning to borrow or preparing for repayment, we offer tools to help you create strategies that work best for you.

AccessReady logo
RepayReady logo

You are encouraged to explore all scholarship, grant and federal borrowing options before applying for a private loan.

PNC does not provide accounting, tax or legal advice. Any calculators provided are intended for educational and estimation purposes only, and their accuracy is not guaranteed. The calculators, and any results displayed, do not constitute the advice of, or reflect actual products, services, rates and/or terms available from PNC Bank or its affiliates, and nothing contained in the calculators shall constitute an offer or solicitation of a product or service by PNC Bank or its affiliates.