What you need to know about this loan:
- Loan Amounts Offered: From $2,000 to $50,000
- Loan Terms (monthly): Flexible terms available, including 36-month options for the lowest APR
- Payment methods: Automatic payments from an M&T checking account (0.25% rate discount)
- Interest rate: APR ranges from 7.74% to 13.94% (as of 03/17/25), based on credit profile and checking account type
Pros
- No Collateral Required: Enjoy the benefits of an unsecured loan without needing to pledge assets
- No Application or Origination Fees: Keep more of your money from the start
- No Prepayment Penalty: Pay off your loan early without extra charges
- Rate Discounts for M&T Clients: Lower rates when using qualifying checking accounts or auto-pay
- Quick and Easy Approval Process: Streamlined loan approvals tailored to your profile
Cons
- Late Payment Fees May Apply: Timely payments are essential to avoid additional charges
- Geographic Availability: Offer limited to select U.S. states
Why Choose M&T Bank for Your Loan?
Getting a personal loan from M&T Bank comes with a host of advantages compared to loans from Wells Fargo, Chase, Bank of America, Capital One, and PNC.
Unlike Chase, which may charge application or origination fees, M&T Bank eliminates these upfront costs entirely, making your financing more affordable from the start.
M&T Bank offers flexible repayment terms, while institutions like Wells Fargo might require stricter credit qualifications and longer processing times.
Additionally, Bank of America and Capital One often base approvals heavily on credit scores. By contrast, M&T offers more adaptable credit criteria, particularly for existing clients.
When compared with PNC, M&T Bank provides more transparent discount incentives through checking accounts and autopay enrollment—making it easier to secure a lower rate.
How to Apply for Your M&T Bank Personal Loan
Applying is simple and takes just a few minutes. Click the button below to begin your application and enjoy a loan experience designed with you in mind.