Eligibility Requirements:
- Must have an M&T Bank CD or Savings Account
- Must reside in a supported state (e.g., CT, DE, NY, etc.)
- Must maintain at least 100% of loan value in deposit account
- Must be at least 18 years old
- Must demonstrate ability to repay
Loan Application Steps:
- Go to M&T Bank’s official website
- Select the “Cash-Secured Loan” option
- Log in or create an M&T account
- Fill out the application form
- Link your deposit account as collateral
- Submit your request and wait for approval
Frequently Asked Questions
How long does it take to get approved for a Bank M&T loan?
Most applications are approved within 1 business day.
Is it required to explain why the credit is being used?
No. You are not required to disclose the purpose of the loan.
Do I need to have a good credit score to be approved for a Bank M&T loan?
No. This loan is designed for borrowers with limited or no credit history.
Can I apply for a loan if I am self-employed?
Yes. Self-employed individuals can apply as long as income can be verified and a qualifying deposit account is available.