Desjardins Personal Loan
Desjardins Personal Loan
Carry out major personal projects
Consider this loan if you want flexible payment options.
Key features
- Flexible payments Choose the payment frequency and method you want.
- Fixed or variable rate Based on your needs and risk tolerance
- Amount available Based on your needs and payment capacity
- Loan Insurance Insured loan balance paid off in the event of death
Features
Interest rate
- Fixed or variable
- Based on the loan amount, term and credit history
Amount available
-
Amount granted is determined by:
- your payment capacity
- the amount of financing required
- on the useful life of the financed product
Loan Insurance
Optional coverage that allows you to pay off your loan in the event of death and disability.
Learn more about Loan Insurance.
Repayment
- Frequencies: weekly, every 2 weeks or monthly.
- Payments can be withdrawn automatically from your account.
- No prepayment penalties: pay off your loan whenever you want, in part or in full, without being charged extra fees.
Loan term
- Flexible terms.
- Your caisse may agree to longer term depending on your use of the loan and, in some cases, on the collateral provided.
Should I get a fixed or variable interest rate?
You are cautious and sensitive to rate fluctuations
Choose a fixed rate:
- Guaranteed for the duration of the term
- Predictable
- Easy to manage
- Convertible to a variable-rate loan at any time without fee or penalty
You are bold and moderately sensitive to rate fluctuations
Choose a variable rate:
- Follows market fluctuations.
- Advantageous when rates are stable or falling.
- Generally lower than the current fixed rate.
- When rates drop, your payment amount remains the same, but the duration of the loan may decrease.
- Convertible to a fixed-rate loan at any time without fee or penalty. The interest rate will be the current fixed rate at the time of conversion.
What are the payments on a personal loan?
See the current rates for the desired amount.