Loans and Lines of Credit
Personal Loans and Lines of Credit
BMO Harris Express
Need to make a same-day payment to avoid a late fee? With Express Loan Pay, you can make a fast and secure 1 loan payment directly from your BMO Harris checking account.
1. Visit the BMO Harris Security Center for details.
2. Special offers are subject to change. This offer does not apply to any loan that will be used to purchase the subject property.
Costs and Fees:
The introductory rate offer is available on applications received from 8/1/2019 through 10/31/2019 and is subject to change. The introductory rate is fixed during the introductory period. No customer or other discounts are available during the introductory period. Depending on individual credit qualifications, collateral location, and combined loan to value ratio, the introductory rate ranges from 2.99% APR to 3.99% APR for 6 months, 3.99% APR to 4.99% APR for 12 months or 4.99% APR to 5.99% APR for 24 months.
Variable Rate Information
For a Home Equity Line of Credit, the annual percentage rate (APR) is a variable rate based on The Wall Street Journal® Prime Rate (5.00% on 10/01/19) plus a margin that varies depending on the state in which property is located, individual credit qualifications, credit limit amount, combined loan to value ratio and other criteria. Rates shown are for lines of credit of $100,000 secured by an owner occupied 1-4 family residence with a combined loan-to-value (CLTV) of 70% or less. The maximum APR is 18.00% or the maximum permitted by law, whichever is less.
To receive a 0.25% rate discount you must authorize BMO Harris Bank to withdraw your home equity line of credit payment each month from a BMO Harris checking account (Auto Pay).
Closing Costs and Fee Information
BMO Harris will pay closing costs for loans secured by an owner-occupied 1 to 4 family residence in: AZ, FL, IL, IN, KS, MN, MO or WI. Closing costs include: appraisal charges, credit report, flood determination, title insurance and document recording fees. You will be charged a $75 annual fee on the opening date and each year after through the ninth anniversary of loan opening. You may also be required to pay real estate taxes and items such as prior lien release fees. If the property is located in FL or MN, you are responsible for mortgage and government taxes. If you close your account within 36 months, a closing cost recoupment fee may be charged to recover the closing costs we paid on your behalf.
You must obtain property insurance and may be required to obtain flood insurance.