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Desjardins Personal Loan (over $12,500)

Who should get this loan?

Borrowers who want $12,500 or more to finance a personal project.

Features

Interest rate	Fixed rate or variable rate between 11.75%1 and 12.25%1 based on loan amount and term. See Should I get a fixed or variable interest rate? See current rates.
Amount available	Recommended for amounts over $12,500. Amount granted is determined by: your financial capacity; the amount of financing required; or the useful life of the financed product.
Repayment	Loan payment frequency is flexible: weekly, bi-weekly or monthly. Payments will be withdrawn automatically from your account.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	Your caisse may agree to a longer term depending on your use of the loan (e.g., your unused RRSP contribution room) and, in some cases, on the collateral provided.
Possible uses	Buy furniture. Renovate your home. Purchase a computer. Pay your income tax. Make RRSP contributions. Cover health care expenses. Buy a new vehicle or pay for car repairs. Pay travel expenses.
Other	Get a paper or online monthly statement of account to follow rate fluctuations.

Should I get a fixed or variable interest rate?

Profile	Suggestion
You are cautious and sensitive to rate fluctuations.	Choose a fixed interest 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 daring and moderately sensitive to rate fluctuations.	Choose a variable interest rate: Follows market fluctuations Advantageous when rates are stable or falling. Generally lower interest rate 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.

Compare the personal loan with Accord D financing

	Online	Fill out the form
	At the caisse	Make an appointment with a caisse advisor: online by phone
		Documents to bring to your meeting

1. In Ontario, the annual percentage rate (APR) is equal to the posted interest rate, assuming that there are no additional charges applicable to the loan. Should there be such charges, the APR might be different.