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What is a loan segment?

April 26, 2017loan segment

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What is a loan segment?

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An M&T CHOICEquity or Total CHOICEquity account has two parts, a Line of Credit Segment and a loan segment. The loan segment allows you to lock-in a specified amount of your outstanding balance into a fixed rate, fixed term loan. A fixed payment structure will be established for that loan with flexible terms, according to your choice. M&T Bank allows for easy set up of loan segments by phone – no reapplying, no additional paperwork or approvals.