RRSP Loans

Through any of our wealth management businesses, you can access RRSP loans to help you maximize your RRSP contributions or to catch up on any unused contributions that you may have carried forward. Read on for more details on the RRSP loans available from BMO Financial Group.

RRSP ReadiLine^TM Account
With the RRSP ReadiLine Account, you can enjoy a low, variable interest rate specifically for the purchase of BMO Financial Group’s RRSPs (BMO Term Investments, BMO Mutual Funds, BMO InvestorLine or BMO Nesbitt Burns). Credit limits from $1,000 up to $18,000 will allow you to make contributions year round, just by contacting your Financial Services Manager at any time or ask your investment sales professional.

The RRSP ReadiLine Account offers affordable regular payments. You can also defer your first payment for up to 120 days from the day you take out the loan.*

Apply online for your RRSP ReadiLine Account, call BMO Bank of Montreal Direct Banking or visit your nearest BMO Bank of Montreal branch.

Retro-Activator® RRSP Loan
If you have unused RRSP contribution room (the result of not contributing the maximum allowable to your RRSP in past years), you can benefit from a Retro-Activator RRSP Loan.

The Retro-Activator RRSP Loan is an installment loan (minimum $7,500) with a fixed or variable interest rate and repayment periods of up to 15 years.

Apply online for your Retro-Activator RRSP Loan, call BMO Bank of Montreal Direct Banking or visit or your nearest BMO Bank of Montreal branch.

*Applies only to loans opened during the RRSP loan period of December 15, 2006 to March 1, 2007. Some conditions may apply.

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