Desjardins Personal Line of Credit

An amount determined according to your needs that you can use as you wish.

Ideal for:

• financing renovations or travel expenses;
• financing your emergency purchases and regular or unexpected expenses;
• overdraft protection.

Advantages

With the Desjardins personal line of credit you can:

• obtain financing without having to reapply every time or justify the purpose as long as you stay within your credit limit;
• meet unexpected expenses or deal with a temporary lack of funds;
• get a very competitive rate;
• maintain a flexible capital repayment schedule.

Repayment terms

You choose your repayment terms:

• a percentage of the monthly balance, or a fixed or variable amount;
• on a daily, weekly or monthly basis;
• you can elect to repay just the monthly interest or repay the interest and the principal at any given time without penalty.

Authorized limit

• minimum line of credit is $5,000;
• amount is established according to your needs, financial situation and ability to repay;
• you can apply to increase an existing line of credit.

Access to funds

• by cheque
• at the ATM
• at the counter
• on AccèsD

For direct access to your line of credit without affecting the balance of your personal chequing account, use the special cheques available from your advisor.

Interest rate

• takes into account the authorized amount, your financial assets and guarantees provided, as required;
• fluctuates in relation to the prime rate charged by financial institutions;
• interest is calculated on the daily balance and is payable on a monthly basis.

Keeping track

All of your line of credit transactions appear on your statement of account. Your statement is available in electronic format in AccèsD or a paper statement can be sent to you in the mail.

Is it for you?

A line of credit the ideal tool for you if you:

• need an amount of $5,000 or more
• manage personal credit well
• are moderately sensitive to fluctuating interest rates
• need access to credit occasionally
• would like to have more leeway in managing your personal finances
• are waiting for the right time to make some new investments

Insurance that protects you

To keep your line of credit from becoming a burden to you and your loved ones in the case of death or disability, apply for Line of Credit Insurance.

Find out more about Line of Credit Insurance

	Online (Members)	Fill out the form
	By phone (Members)	Montreal area: 514-522-2373 Elsewhere in Canada and the US: 1-800-CAISSES (1-800-224-7737)
	At the caisse (Members and non-members)	Make an appointment with a caisse advisor: online by phone