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 to protect against interest rate fluctuations. You need longer amortization periods for lower monthly payments. A BMO Bank of Montreal Installment Loan Plan may be the answer.

The Details

• ILP is available to all customers with aggregated authorizations of $500,000. Maximum permitted amount is $200,000 per customer with individual loan limited to $100,000.
• Loans are also available to individuals and professionals for business purposes.
• Terms of up to 5 years are available.
• An amortization period of up to 15 years is also available.
• Principal repayment options are monthly, quarterly, semi-annual and annual.
• Blended monthly payments (to include both principal and interest) will be fixed for the term selected.
• Loan can be prepaid at anytime without penalty.

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

To discuss further, contact us at
1 877 262-5907
or visit your BMO Bank of Montreal branch.