M&T Bank loans

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

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M&T Bank

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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.

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

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. 4.69%–8.24% APR
  • Terms. Up to 84 months
  • 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.

Compare more loan providers

Updated November 17th, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
5.95% to 35.99%
Fair to excellent credit
$100,000
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
3.84% to 35.99%
Good to excellent credit
$100,000
Get loan offers from multiple lenders at once without affecting your credit score.
6.98% to 35.89%
600
$50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
3.84% to 35.99%
550
$100,000
Get connected to competitive loan offers instantly from top online consumer lenders.
34% to 155% (Varies by state)
No minimum
$10,000
Check eligibility in minutes and get a personalized quote without affecting your credit score.
3.99% to 35.99%
450
$100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
6.49% to 17.99%
650
$25,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
6.95% to 35.89%
640
$40,000
A peer-to-peer lender offering fair rates based on your credit score.
5.99% to 17.88%
680
$100,000
No fees. Multiple member perks such as community events and career coaching.

Compare up to 4 providers

Updated November 17th, 2019
Name Product Filter Values Minimum credit score Loan term Requirements
300
Varies by lender
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.
600
Varies by lender
Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
300
Varies by lender
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.
500
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.
Good to excellent credit
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Good to excellent credit
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

Compare up to 4 providers

Updated November 17th, 2019
Name Product Filter Values Min. Amount Max. Amount Requirements
$5,000
$500,000
Annual business revenue of at least $42,000, at least 9 months in business, personal credit score of 550+.
Customizable loans with no origination fee for business owners in a hurry.
$5,000
$500,000
600+ personal credit score, 1+ years in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
$50,000
$1,000,000
2+ years in business, 620+ credit score, not a sole proprietorship or nonprofit, strong financial history
Financing for high-risk industries with transparent rates and terms.
$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 $100,000.
Get a large business loan to cover your financing needs, no matter what the purpose is. Startups welcome with 680+ credit score.
$500
$250,000
1+ years in business, $50,000+ annual revenue or $4,200+ monthly revenue over last 3 months
A simple, convenient online application could securely get the funds you need to grow your business.
Varies by lender and type of financing
Varies by lender and type of financing
Varies by lender, but many require good personal credit, minimum annual revenue and minimum time in business
Multiple business financing options in one place including: small business loans, lines of credit, SBA loans, equipment financing and more.
$500
$5,000,000
Must operate a business in the US or Canada, have a business bank account and have a personal credit score of 560+.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.

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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