Caisses Desjardins du Québec and Caisses populaires de l'Ontario [Change site]

Desjardins Auto+ Loan

Who should get this loan?

Borrowers who want to finance the purchase of a car, motorcycle, boat, trailer or motor home.

Features

Interest rate
Fixed or variable rate between based on loan amount.
See Should I get a fixed or variable interest rate?
See current rates for auto loans..
See current rates for recreational vehicle loans.
Amount available
Finance up to 100% of the cost of your purchase.
Repayment
  • Loan payment frequency is flexible: weekly, bi-weekly 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  • Payments can be withdrawn automatically from your account.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
6 months to 20 years (based on loan amount and vehicle type)
Other

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.

Calculate

Did you know?

When you take out Loan Insurance, the insurer repays the loan amount in the event of death. In the event of disability, the insurer repays the insured portion of your payments. If the unexpected strikes, Loan Insurance ensures your financial obligations are covered.

How to get this product
Online Online
Apply online
By phone By phone
(Members)
  Montreal area: 514-522-2373
  Elsewhere in Canada and the U.S.: 1-800-CAISSES (1-800-224-7737)
At the caisse At the caisse
Make an appointment with a caisse advisor:
Documents to bring to your meeting
At participating dealers At participating dealers
  Ask your car dealer or salesperson for Desjardins financing.

Interest rate

Auto loan – Fixed rate*
As of November 8, 2009
Amount
Rate
$12,501 to $16,499
8.85%
$16,500 to $22,999
8.85%
$23,000 or more
7.95%
* 1-to 5-year term
Other rates - Auto loan

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