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

Student STRATEGIC Line of Credit

Quick facts

  • Main feature: line of credit for university students in specific fields
  • Credit limit: contact an advisor at a caisse
  • Interest rate: lower rate while you are studying full-time
  • Payment schedule: pay only the interest during your studies

Who should get this loan?

University students who want to meet substantial financial needs related to their program of study. This line of credit is part of the D Capital Solution package reserved exclusively for full-time1 students enrolled in any of the following programs:
  • medicine, dentistry, optometry and pharmacy
  • actuarial studies, law, engineering and pharmacology
  • chiropractic, veterinary medicine, podiatry and accounting

Features

Interest rate
  • During your full-time studies: competitive interest rate
  • After graduation: fixed or variable rate, lower than the rate for a personal loan.
Amount available
High credit limit that increases gradually, according to your needs.
Repayment
  • While you are still a full-time student, you pay interest only on the borrowed amount.
  • Option to pay interest only on your loan for 6 months following your graduation.
  • No prepayment penalties: Pay off your loan at any time during your studies without being charged extra fees.
Loan term
Up to 15 years after graduation.
Access to funds
Directly accessible through your Student STRATEGIC Account.
Possible uses
  • Tuition, entrance fees and expenses.
  • Work study program charges.
  • Books, school supplies, computer2 or special training equipment.
  • Living (food, housing) and transportation expenses.
Line of credit insurance required
You must take out Line of Credit Insurance to secure your Desjardins Student STRATEGIC Line of Credit.

Find out more about Line of Credit Insurance.

Find out more

To find out about all the exclusive products and services in the D Capital Solution offer, see D Capital Solution.
See Frequently asked questions about D Capital Solution (FAQ).

How to get this product
From a youth clientele representative From a youth clientele representative
Find contact information for the youth clientele representative at your university
At the caisse At the caisse
Make an appointment with a caisse advisor:

1. Part-time students in accounting (CA, CGA, CMA) are also eligible.
2. A one-time amount of $3,000 may be added for the purchase of a computer.

Desjardins – Share this pageDesjardins – Rate this page

Interest rate

Desjardins Personal Line of Credit
As of February 10, 2012
Amount
Rate
$5,000 to $12,500
10.50%
Other rates – Line of credit

Suggested links