- Rate
- Quoted when you apply
- Amount
- Up to $25,000
- Term
- Revolving
- Annual fee
- Check terms
Borrower-specific quote required. No advertised minimum is a likely personal rate.
Loans
BMO · Personal Line of Credit — existing-customer online unsecured
Prime rate today: 4.7% Banks rarely publish personal loan rates. Their variable rates are prime plus a margin set when you’re approved, so your quote depends on your credit, income and the term. Source: RBC
What BMO publishes
- Rate type
- variable
- Interest calculation
- Daily used balance; interest charged monthly
- Application channel
- Existing customer online; branch for other requests
- Minimum payment
- 2% of balance or $50, whichever greater; interest-only option subject to terms
Ask the lender before you sign
BMO doesn’t publish these details online. They are set in your loan offer, so ask for them in writing and compare the APR, not just the interest rate.
- Published interest rate
- Published APR
- Mandatory fees
- Annual fee
- Early repayment
- Collateral
- Payment frequency
- Province availability
- Applicant conditions
- Cosigner
- Credit inquiry
- Funding
Official sources and verification
- Official evidence · checked 2026-11-03
$25,000 is the scoped existing-customer online maximum, not the universal branch maximum.
Pricing observations expire after seven days; product/fee/identity observations after 30 days. Verification is manual.
Every fact above comes from BMO’s own website. We don’t estimate a total cost from a marketed minimum or a fee we haven’t seen.
Estimate payments with your own rate and term
WalletReturn compares information and hypothetical costs. No application, identity collection or credit check takes place here. Lender approval, current contract terms and province eligibility must be confirmed with the lender.