M&T Bank Marine & Recreational Vehicle Loans

Updated

ATVs, boats, motorcycles and other adventure transportation have become a way of life for many. If you have one that you want to trade in, you can use it as collateral to borrow an RV loan from M&T, a flexible, online solution with terms that fit your budget.

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General
APR: 7.24%
Interest: 7.24%
Loan commissions
Study commission: Consult
Opening commission: Consult
Commission for advance payment: Consult
Loan limits
Minimum amount: $ 2,000
Maximum amount: Consult
Minimum of months: Consult
Maximum of months: 240

Marine & Recreational Vehicle Loans Info

You don't have to be an M&T customer to get the RV loan, but it does help. In fact, if you want to qualify for the lower rate, you must open a Power Checking or MyChoice Premium account ($25 minimum initial deposit) and set up automatic payment from either account.

This financing for marine and recreational vehicles is characterized by offering you competitive rates and flexible terms. Along with this, there are other advantages that distinguish this credit:

  • Timely and professional attention
  • Fast online application and approval process
  • New or used recreational vehicle underwriting
  • Membership discounts for customers with qualified checking accounts

Getting the best rate in each category will also depend on certain conditions:

  • Motorcycles. Warranty must be 2018 or newer and the term must be less than 60 months.
  • ATVs, snowmobiles and jet skis. The term must be no longer than 36 months and the collateral must be from 2018 onwards.
  • RV. LTV must be 80% or less, amount equal to or greater than $250,000 and 2016+ collateral.

The M&T RV loan gives you the opportunity to get that transportation you need for your family's fun and new adventures.

With this bank you can also access an auto loan to finance the purchase of a car or refinance your existing car loan.

Español: Préstamo para vehículos recreativos del M&T Bank