Last Updated: 04/18/2025
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Highlights
Amount Range
$2,000 - $100,000
APR (Fixed APR)
3.64% - 14.29%(Verified 06/21/2024)
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Credit Score Range
650 - 850
Loan Term (Months)
Up to 84
M&T Bank Auto Loans Review
M&T Bank Auto Loans is offered by M&T Bank, a bank founded in 1856 and based in Buffalo, NY. M&T Bank auto loan are available in 9 states and Washington, DC.
M&T Bank auto loan FAQ
How much can you borrow via M&T Bank auto loan?
M&T Bank auto loan loan amounts start at $2,000 and go up to $100,000.
What APR does M&T Bank auto loan offer on its car loans?
M&T Bank auto loan offers a fixed apr car loan product that ranges from 3.64% APR up to 14.29% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with M&T Bank auto loan?
M&T Bank auto loan has car loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.
Does M&T Bank auto loan charge an origination fee?
Yes, M&T Bank auto loan may charge a loan origination fee .
Does M&T Bank auto loan charge a late fee?
Yes, M&T Bank auto loan charges borrowers with a late payment penatly fee
Does M&T Bank auto loan charge prepayment fees?
Yes, M&T Bank auto loan does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my M&T Bank auto loan loan?
Yes, you can. However, M&T Bank auto loan charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.
What do you need to qualify for M&T Bank Auto Loans?
Applicants with a credit score of at least 650 and up to 850 may be eligible for M&T Bank Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. M&T Bank Auto Loans does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via M&T Bank auto loan?
M&T Bank auto loan will typically fund the car loan within 7 business days of approval.Does M&T Bank perform a hard credit pull?
Yes, M&T Bank auto loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is M&T Bank a legit company?
M&T Bank was founded in 1856, it is a well-established company that has been in business for 170 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from M&T Bank auto loan
Message from our editor
What we love about M&T Bank Auto Loan
You can use M&T Bank auto loans for purchases from dealerships and private individuals. That means that you can use the loan to purchase a vehicle in almost any situation. Another perk is that the minimum loan is just $2,000, which makes these loans useful for even small purchases.
The loans don’t have any upfront fees and you can extend the loan term for as long as 84 months, making it easy for borrowers to customize their monthly payment to make sure the loan is affordable.
M&T also offers a repayment assistance program for those who are struggling to make their monthly payments. This can include extending due dates or rewriting your loan to lower your monthly payment.
What could M&T Bank Auto Loan do better?
One drawback of M&T Bank auto loans is that the company doesn’t list explicit eligibility requirements for things like credit score or minimum income. That means you might apply for a loan only to find out you have no chance to qualify.
The company also only offers fixed-rate loans. If you like the idea of a variable-rate loan, which often starts with a lower interest rate, you won’t be able to get one from M&T.
M&T Bank Auto Loan’s backstory
M&T is a bank holding company headquartered in Buffalo, New York. It has almost 800 branches located mostly in the Mid-Atlantic. The bank was founded in 1856 and has a reputation for stability. For example, it was the only bank in the S&P 500 not to reduce its dividend during the 2007-2008 financial crisis.
The Verdict
M&T is a stable and reputable lender that offers flexible loans at good rates. If you’re shopping around for a loan, it’s definitely worth checking with M&T Bank auto loans to see if you get a good offer.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed