Looking for an affordable way to borrow using your own money as leverage? You’ll love the M&T Cash Secured Loan.
With APRs as low as 7.24%, it’s a great alternative to traditional personal loans — and it could even help boost your credit score.
About M&T Bank:
M&T Bank has served customers for over 165 years, building trust across 12 states in the Northeast and Mid-Atlantic.
From checking accounts to mortgages and credit cards, it offers a full suite of financial solutions for individuals and businesses alike.
Main characteristics of M&T Cash Secured Loan
- Minimum loan: $2,000
- Maximum loan: $100,000
- APR range: 7.24% to 9.49%
- Terms from 12 to 120 months
- Requires funds in a savings or CD account as collateral
Disadvantages
- Must have 100% of the loan amount available in your deposit account
- Not available in every U.S. state
Here is advice for you
If you have funds in savings and need a loan with minimal risk and better rates, this is one of the smartest choices on the market.
It’s a strategic way to put your savings to work without withdrawing a penny, while still gaining access to needed credit.
Requirements to apply for this loan
- Must have an M&T savings or CD account
- Collateral must equal or exceed the loan amount
- Loan and rates subject to credit approval
- Available in select states only
How to apply for the loan
- Open or verify your M&T savings or CD account
- Choose your loan amount and term
- Submit your application online or at an M&T branch
- Receive quick approval
- Start your repayment plan
Apply for your Loan
This cash-secured loan is ideal for those who want to borrow without risk, at rates much better than most unsecured loans.
Tap the button below to check all conditions and start your application in just a few clicks.