Unsecured Personal Loans Info
M&T Bank's catalog is filled with many attractive financial products, and its personal loans are no exception. Whether you have a specific purchase in mind or a free investment, you can opt for:
- Secured loans. If you own an important asset (house, car, etc.), you can use it as collateral to get extra cash. In addition, with this bank you can use your account balance as a guarantee of financing and obtain better rates by extending your linkage.
- Unsecured loans. For this financing you do not need collateral and you can use it on a discretionary basis. It is conditioned to those who live in Connecticut, Delaware, DC, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, Virginia and West Virginia.
You should know that approvals for these personal loans take 24 hours and they deposit the money in a few days. The APR is fixed, so you don't have to worry about it changing. However, the rate you receive will depend on the amount you apply for, the term, the purpose, your credit history and your income.
There are two factors that you also have to take into account when applying for a personal loan with this bank: your FICO score and minimum income. Although a good-to-excellent score is recommended, over 600 may be sufficient. And the more you earn, the more money you can get.
M&T personal loans are a good alternative to credit cards and other ways to get money now. Still, you have the Busconomico search engine to compare the best banking products in this category.
Español: Préstamo personal de M&T Bank