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Desjardins Personal Line of Credit

Who should get this loan?

Borrowers who want to have a pre-approved amount available to use at any time and for any purpose. This line of credit is an excellent choice if you manage your credit well and can withstand moderate interest rate fluctuations.

Features

Interest rate	Variable rate based on the amount, your financial assets and collateral provided, if required. Rate fluctuates in relation to the prime rate charged by financial institutions. Interest is calculated on the daily balance so you only pay interest on the amount you have used.
Amount available	Minimum line of credit of $5,000. The amount available is set based on your needs, financial situation and ability to repay. You can apply to increase an existing line of credit.
Repayment	Loan payment frequency is flexible: daily, weekly or monthly. You can choose to pay: a percentage of the monthly balance; a fixed or variable amount; or just the monthly interest. No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees.
Access to funds	At an ATM, online via AccèsD Internet, by phone at 1-800-CAISSES, by cheque or at your caisse. Use special cheques to directly access your line of credit without affecting the balance of your personal chequing account.
Possible uses	Renovate your home. Pay travel expenses.
Other	Line of credit transactions appear on your monthly statement of account. No administration fees. Line of Credit Insurance (life and disability) available. See Line of Credit Insurance. Eligible for potential member dividends. Find out more about member dividends.

	Online (Members)	Fill out the form
	At the caisse	Make an appointment with a caisse advisor: online by phone