Is this right for you?

You are looking for longer term loans to acquire new or existing business, to buy fixed assets such as equipment and machinery, or refinance existing debt. You want protection against interest rate fluctuations. You need longer amortization periods for lower monthly payments. A BMO Bank of Montreal Fixed Rate Term Loan may be the answer.

The Details

• Terms of up to 5 years are available.
• Interest is fixed for the term selected.
• An amortization period of up to 15 years is also available.
• Principal repayment options are monthly, quarterly, semi-annual and annual.
• Interest is paid monthly.
• Blended monthly payments (to include both principal and interest) will be fixed for the term selected.
• Prepayment only on an exception basis and is subject to a penalty during the period of the term selected.
• Loan cannot be called unless in default as stipulated in the loan agreement.
• Security in addition to asset(s) being financed may be required.

Is there anything else I need to know?

The BMO Bank of Montreal Commercial Loan Insurance Plan is available to qualified borrowers.

The Next Step

Apply online, contact us at 1 877 262-5907
or visit your BMO Bank of Montreal branch.