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Learn how the BMO Homeowner ReadiLine� worksThe interest rate on a BMO Line of Credit is approximately 7%. However, this rate is variable and can change based on factors such as your credit score. Prime & Base Rates at BMO. Canada Prime Rate: %. CAD Deposit Reference rate: %. USD Deposit Reference rate: %. US Base Rate: % %. clcbank.org � en-us � main � personal � loans-and-lines-of-credit.