Small Preventive Loan

You may qualify for a small loan of up to $8,000 to assist with:

• emergency situations such as compassionate travel
• urgent home and car repairs
• prevention of financial distress
• health and safety related issues
• education, if you have been denied through the BMO Student Line of Credit Program

Monthly Repayment Table
 

	30 months	36 months	42 months
$5000.00	$178.77	n/a	n/a
$5500.00	$196.65	n/a	n/a
$6000.00	$214.52	$181.18	n/a
$6500.00	$232.40	$196.27	n/a
$7000.00	$250.28	$211.37	$183.60
$7500.00	$268.15	$226.47	$196.72
$8000.00	$286.03	$241.57	$209.83

Veterans and their families as well as Regular and Reserve Force serving members and their families as outlined in the Member Personnel Record Resume (MPRR).
 

• Serving members: assistance is available through the local SISIP Financial Counsellor in your area.  Schedules A & D required.
• Assistance for veterans is available through: Veteran’s Affairs Canada and/or National Headquarters of The Royal Canadian Legion at Veterans Services by phone at 877-534-4666 or by email veteransservices@legion.ca (an in-person visit is available by appointment only)

You may be required to provide documentation demonstrating your need, such as copies of recent bills, invoices, or statements. If this documentation is not available, you may provide other information supporting your application such as an email or fax from the provider.