Personal Lending Solutions
Discover flexible personal lending options tailored to your financial needs with competitive rates and streamlined processes
Flexible Personal Lending Options
Whether you're consolidating debt, financing home improvements, or covering unexpected expenses, our personal lending solutions provide the financial flexibility you need. With competitive interest rates starting as low as 6.99% APR and loan amounts up to $50,000, you can achieve your financial goals with confidence.
Our streamlined application process makes it easy to get the funds you need quickly. Most applications are processed within 24-48 hours, and approved funds can be deposited directly into your account within 2-3 business days.
Popular Personal Lending Uses
Debt Consolidation
Combine multiple high-interest debts into one manageable monthly payment with potentially lower interest rates.
Home Improvements
Finance kitchen renovations, bathroom upgrades, or major home repairs to increase your property value.
Education Expenses
Invest in your future with funding for tuition, certification programs, or professional development courses.
Vehicle Purchase
Finance your next car, motorcycle, or recreational vehicle with flexible repayment terms.
Special Events
Make your wedding, vacation, or milestone celebration memorable without compromising your savings.
Medical Expenses
Cover unexpected medical bills, dental work, or elective procedures with affordable financing options.
Loan Comparison Guide
| Loan Type | Interest Rate Range | Loan Amount | Repayment Terms | Best For |
|---|---|---|---|---|
| Unsecured Personal Loan | 6.99% - 24.99% APR | $2,000 - $50,000 | 2 - 7 years | Debt consolidation, home improvements |
| Secured Personal Loan | 5.99% - 18.99% APR | $5,000 - $100,000 | 3 - 10 years | Large expenses, lower rates with collateral |
| Line of Credit | Prime + 2% - Prime + 8% | $5,000 - $25,000 | Revolving credit | Ongoing expenses, flexible access |
| Home Equity Loan | 4.99% - 12.99% APR | $10,000 - $250,000 | 5 - 20 years | Major home renovations, large purchases |
Eligibility Requirements
Basic Requirements
- Age 18 or older
- Valid government-issued ID
- Proof of income
- Active checking account
- U.S. citizenship or permanent residency
Financial Criteria
- Minimum credit score of 580
- Stable employment history
- Debt-to-income ratio below 40%
- Minimum annual income of $25,000
- No recent bankruptcies
Application Process
Apply Online
Complete our secure online application in just 5-10 minutes
Document Review
Upload required documents through our secure portal
Quick Decision
Receive approval decision within 24-48 hours
Fund Transfer
Approved funds deposited directly to your account
Understanding Repayment Terms
Choose repayment terms that fit your budget and financial goals. Our flexible options range from 24 to 84 months, allowing you to balance monthly payment amounts with total interest costs.
Sample Monthly Payments
All loans include no prepayment penalties, allowing you to pay off your loan early without additional fees. Automatic payment discounts of 0.25% APR are available when you set up autopay from your checking account.
Expert Guidance for Smart Borrowing
Calculate Before You Borrow
Use our loan calculator to determine monthly payments and total interest costs before applying. This helps you choose the right loan amount and term for your budget.
Consider Your Debt-to-Income
Keep your total monthly debt payments below 36% of your gross monthly income. This ensures you can comfortably manage your loan payments alongside other financial obligations.
Maintain Emergency Savings
Don't borrow more than necessary. Maintain at least 3-6 months of expenses in emergency savings to avoid needing additional credit in the future.
Ready to Explore Your Personal Lending Options?
Discover BMO features and learn about our competitive personal lending solutions. Our experienced team is here to help you understand BMO products and find the right financing option for your needs.
