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$100,000
Max. Loan Amount
8.49% to 11.24%
APR
| Product Name | M&T Bank Personal Loan |
|---|---|
| Min. Loan Amount | $2,000 |
| Max. Loan Amount | $100,000 |
| APR | 8.49% to 11.24% |
| Interest Rate Type | Fixed |
| Minimum Loan Term | 5 years |
| Maximum Loan Term | 10 years |
M&T Bank is accredited with the Better Business Bureau and receives an A+ rating. But it only averages one star from its reviews, and it has nearly 400 complaints filed against it. On top of that, there has been government action taken against M&T Bank to resolve a claim that it violated the False Claims Act.
M&T customers criticize its numerous hidden fees and charges, suggesting the bank is guilty of “nickel and diming” its customers.
Submit your online application to M&T Bank. If you prequalify for a loan, an M&T Bank loan officer will contact you to verify your submitted information.
Thinking of buying a boat? M&T bank has specific loans for boats, RVs, motorcycles, snow mobiles and jet skis. You can use it to buy a new or used vehicle, which is used as collateral. Amounts start at $2,000 and can cover the majority of your vehicle’s cost. Terms vary depending on your vehicle type:
After you submit your application, you can review your loan agreement upon approval. M&T Bank doesn’t explicitly state on its site what fees are associated with its personal loans, so be on the lookout for prepayment penalties and monthly fees.
You can set up automatic payments by logging into your M&T Bank online account, ensuring you never miss a payment.
If you’re still not sold, then consider the other types of loans that M&T Bank offers and read our guide to personal loans to compare other offers before settling on a decision.
