Independent head-to-head comparison of APR, loan limits, credit requirements and funding speed for two Canadian lenders.
Pioneer of the 130-day mortgage rate guarantee and specialized low-rate Smart Fixed mortgages.
Visit BMO Bank of MontrealCanada's top digital mortgage lender and brokerage using proprietary algorithms to find and fund the lowest mortgage rates with zero commission bias.
Visit nesto Mortgage| Feature | BMO Bank of Montreal | nesto Mortgage |
|---|---|---|
| Lowest APR | 4.99% | 4.69% |
| Highest APR | 11.95% | 6.99% |
| Min Loan | $5,000 | $100,000 |
| Max Loan | $1,500,000 | $2,500,000 |
| Min Credit Score | 650 | 660 |
| Funding Time | 24-48 hours | 3-7 business days |
| Loan Types | mortgage, personal, debt_consolidation, business | mortgage |
| Provinces | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE |
BMO Bank of Montreal starts at 4.99% APR while nesto Mortgage starts at 4.69%. The cheapest option depends on your credit score, loan amount and term. Always compare your personalized APR offers — advertised rates are minimums for the strongest applicants.
BMO Bank of Montreal typically requires a minimum credit score of 650. Below that, consider alternative lenders that specialize in credit-challenged borrowers.
nesto Mortgage typically funds in 3-7 business days after final approval. Same-day funding usually requires e-transfer-eligible accounts and document approval before cutoff.
BMO Bank of Montreal serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU. nesto Mortgage serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE. Province availability is a hard requirement — verify before applying.
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