Accord D RRSP financing

Quick facts

Main feature: available in just a few minutes through AccèsD Internet and Telephone services
Interest rate: fixed, between 5.00% and 6.65%, depending on the term
Repayment period: 1 to 5 years, with the option of deferring principal payments for a 6-month period, until you get your income tax refund (if you are eligible for such a refund). 10-year term available for you unused contribution room, in caisse only.

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Who should get this financing?

Accord D financing¹ is a second credit limit on a VISA Desjardins card that is separate from your current transaction limit. The Accord D financing interest rate is different from the credit card rate for normal purchases. The interest rate is equivalent to the rate for an RRSP loan if you invest the cash advance in a Desjardins investment vehicle.

The real cost of this financing is offset by your income tax savings and by the investment income that accumulates tax free².

Features


Interest rate	Fixed rate favourably comparable to the rate on a personal loan³.

Amount available	From $500 to $50,000.

Repayment	Frequency of payments: equal monthly instalments. Payments are included in the minimum amount due on your VISA Desjardins card. Option to pay only the interest on the loan for a 6-month period. No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees.

Repayment period	1 to 5 years based on amount requested.

Other	Application processed in less than 15 minutes⁴. Death and disability insurance⁵ included for the primary VISA account holder.

Compare the RRSP loan with Accord D RRSP financing




	By phone	Call 1-888-283-8333


	At the branch	Make an appointment with an advisor at a branch.

Subject to approval by the Desjardins Card Services credit department.
Borrowing to invest is a leverage opportunity. If the loan amount is invested in investment funds, the risk is even higher. See a Mutual Funds Representative to find out more.
Cash advance must be invested in a Desjardins investment vehicle to benefit from this rate.
During Desjardins Card Services credit department business hours.
Insurance coverages are underwritten by Desjardins Financial Security Life Assurance Company. Certain conditions and restrictions apply.