Where does M&T Bank Auto Loans do business?
M&T Bank Auto Loans is a bank based in Buffalo, NY. It was founded in 1856 and offers auto loans in 9 states (and Washington, DC).
How much can you borrow via M&T Bank Auto Loans?
M&T Bank Auto Loans auto loan amounts start at $2,000 and go up to $100,000.
What APR does M&T Bank Auto Loans offer on its auto loans?
M&T Bank Auto Loans has a variable APR that ranges from 3.24% up to 7.49%.
What is the maximum loan term you can get with M&T Bank Auto Loans?
M&T Bank Auto Loans has auto loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does M&T Bank Auto Loans charge an origination fee?
Yes, M&T Bank Auto Loans may charge a loan origination fee.
Does M&T Bank Auto Loans charge a late fee?
Yes, M&T Bank Auto Loans charges borrowers with a late payment penatly fee
Does M&T Bank Auto Loans charge prepayment fees?
No, M&T Bank Auto Loans will not charge you a fee for paying your loan early. Whenever possible choose lenders like M&T Bank Auto Loans that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
What do you need to qualify for a loan with M&T Bank Auto Loans?
Applicants with a credit score of at least 650 can apply for a loan via M&T Bank Auto Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
What is the estimated funding time for an auto loan via M&T Bank Auto Loans?
M&T Bank Auto Loans will typically approve (or deny) an auto loan application within 48 hours and fund the loan within 7 business days of approval.
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- Washington, DC
- New Jersey
- New York
- West Virginia
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time
- Active Duty Military
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)