M&T Bank

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M&T Bank loans

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

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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

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

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

  1. Go to M&T Bank’s website and click Personal Loans.
  2. Select the type of personal loan you’re interested in, and click Apply Online.
  3. Select your state of residency, then review the information you need to complete your application. Click Next.
  4. Provide M&T with your personal information. Information will include your full name, address, email address, telephone number and Social Security number. Select the loan type and amount you’re applying for, and review M&T’s Terms and Conditions.
  5. 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


  • 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.


  • 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 APR Min. Credit Score Loan Amount
Best Egg personal loans
7.99% to 35.99%
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
Credible personal loans
3.99% to 35.99%
Fair to excellent credit
$600 to $100,000
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4.98% – 35.99%
Poor to excellent credit
$1,500 to $100,000
FreedomPlus personal loans
7.99% to 29.99%
$5,000 to $50,000
Consolidate debt and more with these low-interest loans. Cosigners welcome.
Upstart personal loans
5.6% to 35.99%
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Upgrade personal loans
7.46% to 35.97%
$1,000 to $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
SoFi personal loans
7.99% to 23.43%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.

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1 – 3 of 3

Name Product Filter Values Minimum credit score APR Loan term Requirements
No minimum credit score
3.9% to 27.9%
1 to 6 years
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.
Monevo Auto Loans
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.
myAutoloan.com Car Loans
Starting at 2.15%
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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1 – 6 of 6

Name Product Filter Values Min. Amount Max. Amount APR Requirements

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
29.9% to 99.9%
625+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
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.

Fundera business loans
Finder Rating: 4.9 / 5: ★★★★★

Fundera business loans
7% to 30%
$50,000+ of annual revenue, 620+ personal credit score, in business for 6+ months
Get connected with short-term funding, SBA loans, lines of credit and more.

Biz2Credit business loans
Finder Rating: 4.7 / 5: ★★★★★

Biz2Credit business loans
Starting at 6.50%
6+ months in business; $100,000+ annual revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
12+ months in business, $15,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $750,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

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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

What other banking products does M&T Bank offer?

M&T Bank is a full-service institution offering checking and savings accounts, CDs, personal credit cards and business credit cards.

Does M&T Bank offer online banking?

Yes, you can access your account through M&T Bank’s online banking platform.

How do I qualify for M&T Bank’s Relationship Discount?

For a discount of up to 0.50% on your secured loan’s APR, you must own an M&T Bank certificate of deposit or savings account.

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