M&T Bank Auto Loans Reviews (2022) | SuperMoney
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).
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.
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 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 a car loan via M&T Bank auto loan?
M&T Bank auto loan will typically approve (or deny) a car loan application within 48 hours and fund the car loan within 7 business days of approval.
Is M&T Bank auto loan a legit company?
M&T Bank auto loan will typically approve (or deny) a car loan application within 48 hours and fund the car loan within 7 business days of approval.
M&T Bank auto loan was founded in 1856, it is a well-established company that has been in business for 166 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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