Features of an Unsecured Loan from M&T
- No collateral required
- Competitive fixed-interest rates
- Fast approval process
- No application, origination or prepayment penalty fees
- Relationship discounts for customers with qualifying M&T Bank consumer checking accounts
Maximum Loan Amount
Minimum Loan Amount
6.24% - 12.99% APR
Up to 84 months
There are no application, origination or prepayment penalty fees, but late fees and returned payment fees may be charged when applicable.
Loan amounts greater than $25,000 require an existing M&T relationship tenure of 6 months or greater.
To qualify for the lowest APR available: 1) the term of the loan must be 36 months or less and; 2) the loan amount must be between $30,000 – $39,999.99 and; 3) you must have or open an M&T MyChoice Premium or Power Checking account at time of application; and 4) automatic payment deductions from any M&T checking account must be established. Your final APR will be based on your credit profile (as reported to M&T Bank by an outside reporting agency) and deposit relationship. Current APRs range from 6.24% - 12.99% and are subject to change. M&T Unsecured Personal Loans must be for an eligible purpose. Offer good in NY, MD, NJ, PA, DE, CT, VA, WV and DC.
For a term greater than 60 months, the loan amount must be at least $15,000. A payment example on a $5,000 M&T Unsecured Personal Loan with a 60-month term at a non-discounted APR of 8.99% would be $103.77 per month.