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

Accord D RRSP financing

Quick facts

  • Main feature: available in just a few minutes through AccèsD Internet and Telephone services
  • Interest rate: fixed, between 4.95% and 7.09%, depending on the term
  • Repayment period: 1 to 5 years, with the option of deferring principal payments for a 6-month period, until you get your income tax refund (if you are eligible for such a refund). 10-year term available for you unused contribution room, in caisse only.
Get this product 10 reasons to choose Desjardins

Who should get this financing?

Accord D financing1 is a second credit limit on a VISA Desjardins card that is separate from your current transaction limit. The Accord D financing interest rate is different from the credit card rate for normal purchases. The interest rate is equivalent to the rate for an RRSP loan if you invest the cash advance in a Desjardins investment vehicle.

The real cost of this financing is offset by your income tax savings and by the investment income that accumulates tax free2.

Features

Interest rate
Fixed rate favourably comparable to the rate on a personal loan3.
See current rates.
Amount available
From $500 to $50,000.
Repayment
  • Frequency of payments: equal monthly instalments.
  • Payments are included in the minimum amount due on your VISA Desjardins card.
  • Option to pay only the interest on the loan for a 6-month period.
  • No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees.
Repayment period
  • 1 to 5 years based on amount requested.
Other
  • Application processed in less than 15 minutes4.
  • Death and disability insurance5 included for the primary VISA account holder.

Compare the RRSP loan with Accord D RRSP financing

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Online Online
(Members)
Apply online
By phone By phone
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

  1. Subject to approval by the Desjardins Card Services credit department.
  2. Borrowing to invest is a leverage opportunity. If the loan amount is invested in investment funds, the risk is even higher. See a Mutual Funds Representative to find out more.
  3. Cash advance must be invested in a Desjardins investment vehicle to benefit from this rate.
  4. During Desjardins Card Services credit department business hours.
  5. Insurance coverages are underwritten by Desjardins Financial Security Life Assurance Company. Certain conditions and restrictions apply.

Interest rate

Accord D RRSP financing ($12,500 or less) – Fixed rate
As of November 21, 2009
Term
Rate
1 year
4.95%
5 years
7.09%
Other rates - RRSP loan

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