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M&T Bank loans

An institutional lender offering personal, auto, home and business loans in nine states.

M&T Bank
When you’re ready to apply for personal financing, a mortgage or a business loan, you want to know that you’ve chosen a provider, repayment terms and loan size that fits your specific needs.

M&T Bank is just one lender offering a selection of borrowing options to fund what life throws your way.

What types of loans does M&T Bank offer?

M&T Bank offers a wide selection of loan types, each with competitive terms and rates.

Personal loans

  • Rates. 5.99%–11.24% APR
  • Terms.
  • Loan type. Secured, unsecured
  • Minimum loan. $2,000
  • Maximum loan. $25,000 for unsecured loans, $50,000 for secured loans

Read review

Boat and recreational vehicle loans

  • Terms.
    • Snowmobile, jet ski, and ATV. Up to 36 months
    • Motorcycle. Up to 72 months
    • Boat. Up to 240 months
    • RV. Up to 240 months
  • Minimum loan. $2,000

Student loans

  • Rates. Fixed, variable
  • Terms. Up to 15 years
  • Minimum loan. $1,000
  • Maximum loan. 100% of the school-certified cost of attendance

Read review

Auto loans

  • Rates. 3.39%–8.24% APR
  • Terms.
  • Minimum loan. $2,000

Read review

Business loans

  • Rates. Fixed, adjustable
  • Terms. Up to 10 years
  • Uses. Financing, equipment financing, renovations and business expansion
  • Minimum loan. $10,000
  • Maximum loan. $100,000

Read review

Home loans

  • Rates. Fixed, adjustable
  • Uses. Home purchase, refinancing and home equity
  • Fixed-rate terms. 15–30 years

How could borrowing from M&T Bank benefit me?

  • Comprehensive selection. Choose from personal loans, business loans and home loans. No matter what type of financing you’re in the market for, you’re likely to find a suitable loan product with M&T Bank.
  • Member discounts. If you hold a savings account or certificate of deposit with M&T Bank, you can take out a secured loan and put your account up as collateral — and earn up to 0.50% off your APR.
  • Swift access to funds. Apply for a loan through M&T Bank online, and you could see approval within 24 hours.

How much does it cost to borrow with M&T Bank?

The APR and terms you’re ultimately approved for depend on the type of loan you’re interested in and your overall creditworthiness, among other factors.

M&T Bank doesn’t provide a loan fee schedule on its website for potential borrowers, but be on the lookout for origination fees, prepayment penalties and late fees.

M&T Bank’s unsecured personal loan comes with an interest rate of 8.49% to 11.24% APR. A secured loan will likely yield a lower interest rate after factoring in the bank’s relationship discount, but starting APRs aren’t provided online.

Is it safe to take out a loan through M&T Bank loans?

Yes. M&T Bank is a well-established institution with proven quarterly profits since 1976. During the financial crisis of 2008, M&T Bank was the only lender in the S&P 500 Index that didn’t lower its index.

M&T details on its site the many security measures it’s adopted to keep borrowers safe.

For customer support, contact custserv@mtb.com or 1-800-724-2440 seven days a week. Or visit a local branch for in-person help.

How to apply for a loan with M&T Bank

Submit your online application to M&T Bank. If you prequalify for a loan, an M&T Bank loan officer will contact you to confirm your information.

Required documentation

  • Social Security number
  • Valid email address
  • Income and employment information
  • Available assets and liabilities
  • M&T certificate of deposit or savings account details, if applicable

Pros and cons

Pros

  • Fast turnaround. Many loans are approved in 24 hours.
  • Customer discounts. Shave up to 0.50% off your secured loan’s APR just by holding an account.
  • Comprehensive lending. Choose from personal, auto and home loans.

Cons

  • Limited services. M&T services Connecticut, Delaware, DC, Maryland, New Jersey, New York, Pennsylvania, Virginia and West Virginia only.
  • Site lacks fees. Borrowers will need to apply to see potential fees.
  • Not the best rates. Depending on your needs, you might find lower rates elsewhere.

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Name Product Filter Values Minimum credit score APR Loan term Requirements
PenFed Auto Loans
Varies
Starting at 1.04%
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Active membership with PenFed
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Carvana
No minimum credit score
3.9% to 27.9%
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Get pre-qualified for used car financing and receive competitive, personalized rates.
car.Loan.com Car Loans
300
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Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
No minimum credit score
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
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Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
500
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
LendingTree
Good to excellent credit
Starting at 3.09%
Varies by lender
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Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
myAutoloan.com Car Loans
550
1.79% to 27%
550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.
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Name Product Filter Values Loan amount APR Requirements
OnDeck small business loans
Finder Rating: 4.7 / 5: ★★★★★
OnDeck small business loans
$5,000 – $250,000
As low as 35%
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Fora Financial business loans
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Fora Financial business loans
$5,000 – $500,000
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Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.
Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★
Lendio business loans
$500 – $5,000,000
Starting at 6%
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ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★
ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
LendingClub personal loans for business
$1,000 – $40,000
8.05% to 35.89%
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
Rapid Finance small business loans
Finder Rating: 3.74 / 5: ★★★★★
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Fundbox business loans
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Bottom line

M&T Bank is a trusted and well-established institution with a varied selection of loan types and term lengths. If you live in one of the states it services, you may find a financing option that fits your needs. But ask about fees and possible prepayment penalties — M&T Bank is one of the few banks that doesn’t provide these details online.

Before you sign any loan contract, explore your full borrowing options to find the best rates and terms you’re eligible for.

Frequently asked questions about M&T Bank

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