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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Home Equity Loan Plan

Turn your home equity into cash. A Home Equity Loan Plan lets you use your home as collateral to borrow up to 80% of its current value minus what you owe. It's perfect for your larger purchasing or renovation needs for a vacation home.

  • A minimum loan amount of $10,000
  • Repayment period up to 25 years
  • Fixed interest rate with flexible repayment schedule. Choose monthly, semi-monthly, bi-weekly or weekly
  • Allows for flexible repayment
  • Defer one month's payment up to 2 times a year1
  • Optional Creditor Life and Disability Insurance

1 Some conditions apply.

Questions? Ready to Apply?
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