M&T Bank loans July 2018 | finder.com

M&T Bank loans

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

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.

M&T Bank logo

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. 8.49%–11.24% APR
  • Terms.60 to 120 months
  • Loan type. Secured, unsecured
  • Minimum loan. $2,000
  • Maximum loan. $25,000 for unsecured loans, $100,000 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

Home loans

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

Auto loans

  • Rates. 3.99%–8.24% APR
  • Terms. Up to 84 months
  • Minimum loan. $2,000

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

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.

Compare more loan providers

Rates last updated July 22nd, 2018

Reveal your potential loan offers and rates

Answer two quick questions to filter the loan offers and get the best one for you.

Select your credit score range

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Finally, select where you live.

To get your credit score:

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Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Max. Loan Amount APR
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
580
$100,000
4.99%–35.99% (fixed)
Upgrade Personal Loans*
Affordable loans with two simple repayment terms and no prepayment penalties.
620
$50,000
6.87%–35.97% (fixed)
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
660
$40,000
6.16%–35.89% (fixed)
SoFi Personal Loan Fixed Rate (with Autopay)
No fees. Multiple member perks such as community events and career coaching.
680
$100,000
6.575%–14.865% (fixed)
Credible Personal Loans
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
Good to excellent credit
$50,000
4.99%–36% (fixed)
Best Egg Personal Loans
A prime lender with multiple repayment methods.
640 FICO®
$35,000
5.99%–29.99% (fixed)
Prosper Personal Loans
Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.
640
$40,000
6.95%–35.99% (fixed)
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
550
$10,000
34%–155% (Varies by state) (fixed)
OneMain Financial Personal and Auto Loans
An established online and in-store lender with quick turnaround times. Poor credit is OK.
Varies
$30,000
16.05%–35.99%* (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit score.
580
$100,000
3.09%–35.99% (fixed)
FreedomPlus Personal Loans
Consolidate debt and more with these low-interest loans. Cosigners welcome.
640
$35,000
4.99%–29.99% (fixed)

Compare up to 4 providers

Rates last updated July 22nd, 2018

Reveal your potential loan offers and rates

Answer two quick questions to filter the loan offers and get the best one for you.

Select your credit score range

I don't know my credit score

Finally, select where you live.

To get your credit score:

Experian logo

Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Minimum Credit Score Term of Loan Requirements
car.Loan.com Car Loans
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
300
Varies by lender
Must be at least 18 years old, a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Auto Credit Express Car Loans
Get connected with an auto lender near you, even if you have bad credit.
300
Typically 3 to 6 years
Must be at least 18 years old and a current resident of the US or Canada. Must be employed full-time or have guaranteed fixed income of at least $1,500/month.
LendingClub Auto Refinancing
Lower your monthly car payments and save on interest through a fast and easy online application process.
Fair or poor credit
Minimum of 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
myAutoloan.com Car Loans
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.
550
24 to 84 months
Must be at least 18+ years old; have a Social Security number; make $24,000+/year; have no open bankruptcies.
LendingTree Auto Loans
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
670
Typically 1 to 7 years
Must be a US citizen and 18+ years old. Must have good to excellent credit.
Capital One Auto Financing
You could qualify for a car loan of up to 40000, but not all dealers accept this bank's financing.
Good to excellent credit
36 to 72 months
At least 18 years old, have a valid street address, have existing Capital One accounts in good standing. Car must be a 2006 model or newer with less than 120,000 miles.
Wells Fargo Auto Loans
Auto loans with high loan amounts to cover your car purchase or refinancing needs.
Good to excellent credit
1 to 6 years
Your income and assets must support your existing debt obligations and the desired loan amount.

Compare up to 4 providers

Rates last updated July 22nd, 2018
Unfortunately, none of the business loan providers currently offer loans for these criteria.
Name Product Product Description Min Loan Amount Max. Loan Amount Requirements
LoanBuilder, A PayPal Service Business Loans
Customizable loans with no origination fee for business owners in a hurry.
$5,000
$500,000
Annual business revenue of at least $42,000, at least 9 months in business, personal credit score of 550+.
LendingClub Business Loans
With loan terms that vary from 1 to 5 years, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.
$5,000
$300,000
2+ years in business; $50,000+ in yearly sales; No bankruptcies or tax liens; At least 20% ownership of your business; Fair or better personal credit
OnDeck Small Business Loans
A leading online business lender offering flexible financing at competitive fixed rates.
$5,000
$500,000
Must have been in business for at least one year with annual revenue of $100K+. Must have a personal credit score of 500+.
Kabbage Small Business Line of Credit
A simple, convenient online application could securely get the funds you need to grow your business.
$2,000
$250,000
Must have been in business for at least 1 year. Revenue minimum is $50,000 annually or $4,200 per month over the last 3 months.
Lending Express Business Loan Marketplace
$5,000
$500,000
At least 3 months in business and $10,000+ in monthly revenue. Your business might also qualify if it's been in business at least 6 months with $3,000+ in monthly revenue.
National Business Capital Business Loans
Get a large business loan to cover your financing needs, no matter what the purpose is. Startups welcome with 680+ credit score.
$10,000
$5,000,000
Your company must have been in business for at least 6 months and have an annual revenue of at least $180,000.
BizLoans.io Business Loan Marketplace
Get connected with wide range of loan amounts and multiple loan types from reputable lenders.
$20,000
$500,000
Must have good credit and at least 6 months in business.
Fora Financial Business Loans
No minimum credit score requirement and early repayment discounts for qualifying borrowers.
$5,000
$500,000
Business age 6+ months. Monthly revenue $12,000+. No open bankruptcies.
Excel Capital Management Small Business Loans
Get personalized financing options that suit your unique business needs in just a few simple steps.
Varies by loan type
Varies by loan type
Your business must operate in the US, be at least 1 year old and have monthly revenue of $15,000+.
Balboa Capital Small Business Loan
Short-term business financing with no minimum credit score or physical paperwork required.
$2,500
$250,000
Must make $300,000 in annual revenue and be established for at least one year prior.
LendingTree Business Loans
Multiple business financing options in one place including: small business loans, lines of credit, SBA loans, equipment financing and more.
Varies by lender and type of financing
Varies by lender and type of financing
Varies by lender, but you many require good personal credit, a minimum business age and minimum annual revenue.

Compare up to 4 providers

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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US Personal Loans Offers

Important Information*
Even Financial Personal Loans

Get connected to competitive loan offers instantly from top online consumer lenders.

Prosper Personal Loans

Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.

LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

SoFi Personal Loan Fixed Rate (with Autopay)

No fees. Multiple member perks such as community events and career coaching.

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