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 faster, easier way to pay for expenses related to your medical residency program including interview, relocation and living expenses.
Who It's For: MD and DO 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 the initial 48 consecutive on-time monthly payments2
- Variable rate loan interest rates range from 3.57% to 11.27%
(APRs from 3.50% to 11.27%)3 - Fixed rate loan interest rates range from 7.39% to 13.79%
(APRs from 7.09% to 13.79%)3 - Receive a preliminary decision within minutes of applying online
- Defer payments during your residency (up to 4 years) and 6 months after your residency ends3
- Take up to 15 years to repay2
- Payments may begin immediately to save on interest expense or can be deferred while enrolled at least half time3
- Interest may be tax deductible; consult your tax advisor
- Funds are sent directly to you
- View loan application and solicitation disclosure
Credit and Eligibility
You may qualify if you are participating in an approved MD or DO residency program (may apply up to one year prior) and meet the credit guidelines below:
Credit ready applicants must:
- have a good credit history
- be a U.S. citizen or permanent resident alien
Creditworthy applicants and/or creditworthy co-signers must:
- have a satisfactory credit history, employment history of at least two years and proof of current income (if self-employed, must have been in business for at least two years)
- be a U.S. citizen or permanent resident and have resided in the U.S. for the previous two years
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
1The interest rate reduction benefit is lost if automatic payment deduction is discontinued. 2To release a co-signer, the borrower must request a co-signer release 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. Interest will continue to accrue during periods of deferment. Applicants may call the PNC Education Loan Center to confirm school eligibility.
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.
