Independent head-to-head comparison of APR, loan limits, credit requirements and funding speed for two Canadian lenders.
Major Canadian chartered bank featuring innovative mortgage solutions, extended branch hours, and customizable loan options.
Visit TD Canada TrustPioneer of the 130-day mortgage rate guarantee and specialized low-rate Smart Fixed mortgages.
Visit BMO Bank of Montreal| Feature | TD Canada Trust | BMO Bank of Montreal |
|---|---|---|
| Lowest APR | 5.19% | 4.99% |
| Highest APR | 12.49% | 11.95% |
| Min Loan | $3,000 | $5,000 |
| Max Loan | $1,500,000 | $1,500,000 |
| Min Credit Score | 650 | 650 |
| Funding Time | 24-48 hours | 24-48 hours |
| Loan Types | mortgage, personal, debt_consolidation, auto, student | mortgage, personal, debt_consolidation, business |
| Provinces | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU |
TD Canada Trust starts at 5.19% APR while BMO Bank of Montreal starts at 4.99%. 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.
TD Canada Trust typically requires a minimum credit score of 650. Below that, consider alternative lenders that specialize in credit-challenged borrowers.
BMO Bank of Montreal typically funds in 24-48 hours after final approval. Same-day funding usually requires e-transfer-eligible accounts and document approval before cutoff.
TD Canada Trust serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU. BMO Bank of Montreal serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU. Province availability is a hard requirement — verify before applying.
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