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M&T Bank Personal Loan Guide

M&T Bank offers both unsecured and cash-secured personal loans with competitive rates, flexible terms, and quick approval.


Best Loan Option For You

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Relationship Rate Rewards

Get up to 0.50% APR off with qualifying checking + autopay

Choice: Unsecured or Cash‑Secured

Pick traditional unsecured loans or secure with CD/savings for lower rates

Big Loan Up to $100K

Cash‑secured loans go as high as $100K with terms up to 120 months

APR as Low as 4.74%

Cash‑secured rates can drop to mid‑4s%; unsecured from high‑7s

  • Secure It with Savings: M&T Cash‑Secured Loans+

    Borrowers can pledge savings or CDs to back a loan—unlocking lower APRs (4.74%–6.99%), longer terms (up to 120 months), and larger amounts (up to $100K). Ideal for those with savings who want competitive rates and a credit-builder without risking other assets. Connects directly to CARD advantages like low rates and high borrowing power.

  • Unsecured Flexibility: Traditional M&T Loans+

    Go unsecured for amounts between $2K–$25K, fixed terms up to 60 months, and APRs starting around 7.49%. Relationship-based discounts (up to 0.50%) and autopay make this option accessible to everyday borrowers who want no collateral and fair pricing.

  • Planning for the Unexpected: Repayment Assistance+

    M&T offers hardship support if you fall behind—like extending your term or rescheduling payments. Handy during income disruptions from job loss, medical needs, or seasonal work gaps. This aligns with CARD’s repayment support theme.

  • Digital Tools + Branch Support+

    Use M&T’s online calculators and mobile banking for managing payments, or visit one of 950+ Eastern U.S. branches for face-to-face help. A hybrid model balances tech convenience with personal service.


Top Personal Loan Options in the US

  • M&T Bank Personal Loans – Loans up to $50,000 (unsecured) or $100,000 (cash-secured), fixed APRs as low as ~7.7%, no origination or prepayment fees, and decisions in as little as 24 hours. Relationship discounts further lower rates. 
  • LightStream (by Truist) – Ultra-low rates, no fees, and same-day funding.
  • SoFi – Fee-free loans plus perks like unemployment protection.
  • Discover – Fixed APRs, no origination fee, and next-business-day funding.
  • Marcus by Goldman Sachs – No-fee consolidation loans with flexible repayment.
Traditional Bank Personal Loans

Like other major banks (e.g., Wells Fargo or TD Bank), M&T provides fixed-rate personal loans with set monthly payments, both in-branch and online. These loans are ideal for consumers who prefer trusted relationships, structured terms, and branch-level support.

M&T Unsecured Personal Loan: Fast, Fee-Free, and Flexible
  • No application, origination, or prepayment fees—you pay strictly interest. 
  • Fast approval—decisions may arrive within 24 hours, and funds often follow quickly. 
  • Rate discounts (0.15%–0.5%) for qualifying checking accounts and auto-pay. 

Ideal for borrowers needing transparency, flexibility, and speed—with no surprise costs.

M&T Cash‑Secured Personal Loan: Lower Rates via Collateral

Secured by your M&T savings account or CD, this option offers lower rates and possible rate discounts through checking relationships. Great for those with large deposits who want minimal interest costs. 

Loan Automation & Application Process

You can apply fully online or in-branch. Use M&T’s rate estimator (soft pull) to preview rates without affecting credit. Final applications involve a hard inquiry. Loan setup includes autopay options for added convenience and discounts. 

Personal Loans for Bad Credit

If your credit score is lower, consider providers like OneMain, Avant, or NetCredit. These lenders typically offer smaller, often secured or credit-builder loans with APRs ranging from 18%–36%, aimed at rebuilding credit through on-time payments. They serve consumers traditional banks may decline.

How Personal Loans Impact Your Finances and Credit Score in the US

Applying starts with a soft pull—protecting your FICO score until you formally apply. The official application incurs a hard inquiry, which may cause a slight dip. On-time payments—making up ~35% of your score—help build credit, while converting revolving balances into fixed installments can improve credit utilization. Loans also add to your debt-to-income (DTI) ratio, which lenders consider for future financing. M&T’s fee-free structure and optional rate discounts promote responsible borrowing—just ensure the monthly payment fits your budget.

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Debora Roque

A credit card expert, she utilizes her expertise to create informative content on credit cards, empowering others with financial knowledge.

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