BMO Bank of Montreal – Apply for a Loan
Contact Information
BMO Bank of Montreal – Repayment Schedule
Estimated monthly payments at APR 8.49%. Actual payment is determined at loan approval.
| Amount \ Term | 12 mo. | 24 mo. | 36 mo. | 60 mo. |
|---|---|---|---|---|
| $5,000 CAD | $436.08 | $227.26 | $157.81 | $102.56 |
| $10,000 CAD | $872.15 | $454.51 | $315.63 | $205.12 |
| $15,000 CAD | $1,308.23 | $681.77 | $473.44 | $307.68 |
| $20,000 CAD | $1,744.30 | $909.02 | $631.26 | $410.23 |
| $25,000 CAD | $2,180.38 | $1,136.28 | $789.07 | $512.79 |
| $30,000 CAD | $2,616.45 | $1,363.53 | $946.89 | $615.35 |
Representative Example
Loan Amount
$5,750 CAD
Repayment Term
60 months
APR
8.49%
Monthly Payment
$117.94
Total Interest Cost
$1,326.54
Total Amount Payable
$7,076.54
* This example is for illustrative purposes. APR includes the interest rate and any applicable fees. Actual terms are determined upon signing the loan agreement.
Quick Overview
Loan Amount
$1,500 CAD – $35,000 CAD
Term
12 – 60 months
APR from
8.49%
Approval
2-3 business days
Eligible Age
18+ years
Online Application
Yes
Eligibility Requirements
- ✓ Age 18+ years
- ✓ Canadian citizen or PR
- ✓ Minimum income $20,000/year
- ✓ Credit score 640+
- ✓ Valid government-issued ID
Loan Features
- No hidden fees or origination fees
- Fixed monthly payments
- No prepayment penalty
- Fast online application
- Canada's oldest bank founded 1817
Ready to apply?
Go to BMO Bank of Montreal Official Site ad