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 Loans is available 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 offers a fixed APR auto 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 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?

Yes, M&T Bank Auto Loans 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 Loans loan?

Yes, you can. However, M&T Bank charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto 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. M&T Bank Auto Loans only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via M&T Bank Auto Loans. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Driver's license
• Proof of citizenship or residence permit

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.