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LAST UPDATED: March 17th, 2021

M&T Bank was established in 1856 under the name Manufacturers and Traders Bank. Today the business is titled M&T Bank Corporation. Even after being in operation for over 150 years, M&T remains one of the best performing regional banks in the nation, offering reliable banking solutions as well as M&T Bank personal loans if you need some extra cash.

Continue reading for a full review of this company and M&T Bank personal loan reviews from real customers.

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The Good

  • Unsecured and Cash-Secured Loans Available
  • Large, Well-Established Company
  • Charitable Organization

Unsecured and Cash-Secured Loans Available

Two types of personal loans are offered through M&T: Unsecured Personal Loans and Secured Personal Loans.

Unsecured Personal Loans are available from $2,000 to $50,000 with no collateral required. Rates range from 6.24 percent to 13.49 percent APR and are determined based on state of residency, loan type (RV, motorcycle, snowmobile, etc.), and the amount being borrowed. Repayment terms range from 12 to 84 months. If you have a strong credit score (700+), an unsecured loan could be a good option for you as you aren't required to put up collateral and you could qualify for a lower interest rate.

Secured Personal Loans are available from $2,000 to $100,000. Loans are secured by cash deposits, such as a Certificate of Deposit or a Savings Account. Rates range from 4.24 percent to 6.49 percent APR and are determined based on your state of residence, loan type, and the amount being borrowed. Repayment terms range from 12 to 120 months. A secured personal loan is a helpful option, especially for those who have a less-than-perfect credit score and are looking to build their credit.

Once approved, cash can be made available in as little as 24 hours for both loan types.

Large, Well-Established Company

Large, well-known companies inspire confidence in potential consumers. With over 650 branches employing upwards of 15,000 individuals and more than 1,500 ATMs across 15 states, M&T Bank is a notable company that clients can feel comfortable working with. For even more peace of mind, clients may note that M&T is one of the 20 largest U.S. headquartered commercial bank holding companies, with assets totaling more than $97 billion as of June 30, 2015.

Charitable Organization

M&T Bank employees are actively involved with community-based organizations. In addition to spending thousands of hours per year doing volunteer work for others in their communities, M&T donates a significant amount of money to a wide range of charities — over $165 million has been gifted in charitable contributions over the last 10 years, and more than $21 million was donated to 3,300 not-for-profit organizations in 2014 alone.

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The Bad

  • Limited State Availability
  • No Customer Reviews

Limited State Availability

M&T Bank's services and products are only available in the following states:

  • Connecticut
  • Delaware
  • Maryland
  • New Jersey
  • New York
  • Pennsylvania
  • Virginia
  • Washington, DC
  • West Virginia

Unfortunately, if you don't reside in any of these states you won't be able to use M&T Bank's services.

No Customer Reviews

Currently, there are no M&T Bank personal loan reviews, making it difficult to know what the experience is like in borrowing from this company. M&T's vision statement does outline a commitment to customers and their needs at any point of the banking and/or borrowing journey, but without reviews it is hard to know how customer service operates.

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The Bottom Line

For borrowers living in the states served by M&T — Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, Washington, DC, and West Virginia — this is a great company to consider when looking to apply for a personal loan, especially if you are an existing customer with a M&T Bank checking account and/or savings account.

With both an unsecured loan option and secured loan option, M&T Bank can meet specific client needs and a considerable amount of current assets, and potential clients can feel confident that M&T will meet their needs. Plus, all the donations the company makes-in human capital and monetary capital-just might give borrowers a little extra enthusiasm about doing business with M&T.

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