Choose the BMO loan that works for you.
A loan is a lump sum of money paid to the borrower that must be repaid in full within a set time period with a predetermined interest rate.
Personal Loan
- Available for virtually any purchase
- Loans starting at $5,000
- Make fixed payments
- Repayment period of up to 60 months
Retirement Savings Plan (RSP) Loan
- Take advantage of unused RRSP contribution room
- Choose from two loan options based on your needs
- Flexible payment options
- Make contributions year round
Home Equity Loan Plan
- Turn your home equity into cash
- Finance a vacation home purchase or renovation
- Starting at $10,000
- Make fixed monthly payments
- Flexible payment options
Semi-Revolving Installment
- Withdraw what you need when you need – no re-application necessary
- Access between $5,000 and $15,000
- Choose fixed or variable interest rate
- Fixed monthly payment schedule
