Unsecured Personal Loans

Whether you need money quickly for a planned event or to cover sudden expenses, M&T unsecured personal loans could give you the coverage you need.

All loans and lines of credit are subject to credit approval. Additional terms and conditions may apply, depending on the type of collateral and other terms offered or chosen.

Get the cash for what is important to you

Your financial needs are unique, but some examples include:

Home Improvements

Finance home repairs or buy new furniture.

Debt Consolidation

Save by consolidating higher-interest bills.

Sudden Expenses

Cover bills for medical or vet expenses.

Major Life Events

Pay for a wedding, vacation or costs to care for a new addition to the family.

our approach

Why choose a personal loan from M&T?

 

  • Quick approval process: Get cash in as little as 24 hours
  • Save on fees: No application, origination, or prepayment penalty fees
  • Flexible options: Loans from $2,000 to $50,000
  • Easy to budget: Choose from terms of one to seven years 
  • Easy to apply: No collateral is required
​There are no application, origination or prepayment penalty fees, but late fees and returned payment fees may be charged when applicable.
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.

The tools are in your hands

Discover your rate today.

With our interactive rate calculator, you can estimate your rate right now and begin the process of applying for your loan.

 

Rates as low as 6.49% APR 

Compared to higher-interest financing options, you'll save with rates from 6.49% to 14.24% APR. 

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 6.49% to 14.49% 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.
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 6.49% to 14.49% 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.

Enter an amount between $2,000 and $50,000.

Small savings can turn into bigger savings over time.

Compare average credit card rates to the potential cost savings of consolidating to a M&T personal loan. 

The examples noted are for illustration purposes and assume the following: M&T Unsecured Personal Loan rate includes a discount for automatic payment deductions from an M&T MyChoice Premium Checking account. Credit card APR is based off of the average credit card APR displayed on Bankrate.com as of 12/1/21, and the payoff schedule is based on 2.5% minimum payment, and assumes no additional purchases or late fees are incurred.

Loan vs Credit Card Example

M&T Personal Loan Average Credit Card
Total Balance: $10,000 $10,000
APR: 7.99% 16.32%
5 Year Interest Paid: $2,163 $5,930

M&T could save you over $3,700 in interest. 

The examples noted are for illustration purposes and assume the following: M&T Unsecured Personal Loan rate includes a discount for automatic payment deductions from an M&T MyChoice Premium Checking account. Credit card APR is based off of the average credit card APR displayed on Bankrate.com as of 12/1/21, and the payoff schedule is based on 2.5% minimum payment, and assumes no additional purchases or late fees are incurred.

Personal Loan Resources

Make a loan payment

We offer a number of different ways to make your loan payment.

Apply for an unsecured loan

Get the money you need today with an unsecured personal loan up to $50,000.

Cash-secured loans

You can use your M&T savings account or CD to get better rates on personal loans.

All loans and lines of credit are subject to credit approval. Additional terms and conditions may apply, depending on the type of collateral and other terms offered or chosen.
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Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for details.