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HereοΏ½s how I get the best balance transfers #canada #credit #creditrepairCancelation notices must be received at least 30 days prior to your next scheduled loan payment due date. BMO BANK N.A. The cut-off time for making payments is 10 p.m. (CT). Loan payments made after 10 p.m. (CT) will be processed the next Business Day. Business Days are Monday. BMO allows a grace period if you repay your balance in full by the due date. You have 21 days to make good on your payment. There is no interest.