Finance your trip

Want to take a trip? First, see where you stand financially and draw up a realistic travel budget. Then, have a look at our line of savings and investment products that will help you bring your dream to life.

For a profitable vacation

Before you plan your trip, you should know where you stand financially and draw up your personal balance sheet (PDF, 135 KB) - This link will open in a new window..

It is also important to make a travel budget (PDF, 275 KB) - This link will open in a new window. that's as realistic as possible: What will you do? Where will you go? How will you get there?

How do you plan to pay for your vacation? People generally pay for their holidays with credit cards, tax refunds or savings. Since the last of these choices is the wisest, you might find savings by instalments useful.

Will you make one trip or several outings? Take the time to draw up a budget so your holidays don't become a drain on your finances.

To easily draw up your budget and have accurate picture of everyday income and expenses, use the My budget tool.

This exercise will help you decide on the type of accommodation you'll choose which, is always the most expensive part of the trip, along with transportation. Be sure to calculate your food, entertainment and purchases and allow some leeway for unexpected expenses.

Generally, the average price of renting a room is half as much in a small establishment as in a large one (with at least 200 rooms).

Family packages are also a good choice. Modest-income families can take pleasant and inexpensive vacations. Many organizations can help you plan your vacation, like the Mouvement québécois des vacances familiales - External link. This link will open in a new window. (site in French only) or Ontario Travel Information Centres - External link. This link will open in a new window..

Financing options

Don't have enough savings to pay for your trip now but have plenty of time to prepare it?

Savings by instalments can help you gradually accumulate the funds you need before you go.

Your investment choices

Regular Deposit Term Savings

  • Main feature: capital 100% guaranteed
  • Terms: 1 to 5 years
  • Interest rate: fixed, guaranteed until maturity
  • Redemption terms: cashable in full without penalty on the 3rd and 4th anniversary dates of the deposit, under certain conditions

10 reasons to choose Desjardins

Get this product - Regular Deposit Term Savings
Who should get this investment?

Savers who want to accumulate capital by making regular automatic deposits to a term savings account for a predetermined time period. Ideal if you want to put aside money on a regular basis to help you carry out your projects or spread out your RRSP contribution over the entire year.

Features
Interest rate

Guaranteed until maturity
See current rates

Eligible for these plans
  • Registered plans: TFSA, RRSP, FTA and RDSP
  • Non-registered plans
Minimum savings objective
  • $1,200 for 1-year term
  • $3,000 for other terms
Deposit amount and frequency
  • Flexible
  • Can be changed at any time
  • Frequency of transfers: weekly, every 2 weeks, twice a month or monthly
Conversion

May be converted to a down payment on a house at any time when the mortgage is obtained from your caisse.

Other
  • Desjardins caisses in Quebec are registered with the Autorité des marchés financiers, in conformity with the terms of the Deposit Insurance Act. In Ontario, deposits in registered savings plans are insured for their total amount by the Deposit Insurance Corporation of Ontario. Other deposits in Canadian dollars are insured up to $100,000. Learn more about deposit insurance.
  • Eligible for potential member dividends . Learn more about member dividends.
  • Savings-Life Insurance available.

Calculate
How much will your investment be worth at maturity - This link will open in a new window.?

Don't have enough savings to pay for your trip now and time is running short to save for it?

These financing options are available to you:

Personal Line of Credit

  • Credit limit: minimum $5,000
  • Interest rate: variable (based on the amount borrowed)
  • Payment schedule: daily, weekly or monthly

10 reasons to choose Desjardins

Get this product - 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 (1-800-224-7737), by cheque or at your caisse.
  • Use special cheques to directly access your line of credit without affecting the balance of your everyday account.
Possible uses
  • Renovate your home.
  • Pay travel expenses.
Other

Did you know?
If you occasionally need financing under $5,000, overdraft transfer may be just what you need.

Personal Loan (over $12,500)

  • Interest rate: fixed rate based on loan amount and term and credit history
  • Loan term: 1 to 10 years
  • Payment schedule: weekly, bi-weekly or monthly

10 reasons to choose Desjardins

Get this product - Personal Loan (over $12,500)
Who should get this loan?

Borrowers who want $12,500 or more to finance a personal project.

Features
Interest rate

Fixed rate or variable rate based on loan amount and term.
See Should I get a fixed or variable interest rate?
See current rates.

Amount available
  • Recommended for amounts over $12,500.
  • Amount granted is determined by:
    • your financial capacity
    • the amount of financing required
    • or the useful life of the financed product
Repayment
  • Loan payment frequency is flexible: weekly, bi-weekly or monthly.
  • Payments will 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

Your caisse may agree to a longer term depending on your use of the loan (e.g., your unused RRSP contribution room) and, in some cases, on the collateral provided.

Possible uses
  • Buy furniture.
  • Renovate your home.
  • Purchase a computer.
  • Pay your income tax.
  • Make RRSP contributions.
  • Cover health care expenses.
  • Buy a new vehicle or pay for car repairs.
  • Pay travel expenses.
Other

Get a monthly account statement (paper or online).

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
What are the payments on a personal loan?

Did you know?
When you take out loan insurance, the insurer repays the insured portion of your loan in the event of death. In the event of disability, Loan Insurance helps you meet your financial obligations by repaying the insured portion of your loan on your behalf.

Accord D financing

The advance is automatically deposited into your caisse account1.

  • Interest rate: fixed rate based on loan amount and term and credit history
  • Terms: 6 months to 10 years
  • Payment schedule: Monthly (according to the billing period of the Desjardins credit card account statement) with option of paying off your loan in part or in full with no prepayment penalties.

10 reasons to choose Desjardins

Get this product - Accord D financing
Features
Interest rate

Fixed rate based on credit history and financing amount and term.
See current rates

Amount available
  • Amounts up to $50,000 may also be available to you.
  • Second, separate credit limit available on your Desjardins card without affecting your current credit limit.
Repayment
  • Payments in equal monthly instalments, included in the minimum amount due on your Desjardins card.
  • No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees.
Terms

6 months to 10 years based on amount requested.

Access to funds
  • Apply for financing at any time on AccèsD Internet (24/7), by phone at 1-800-CAISSES (1-800-224-7737) or at your caisse.
  • Application processed in a few minutes2 whether or not you are a Desjardins credit cardholder.
  • Financing is deposited automatically in your everyday account at the caisse.
Possible uses
  • Renovate your home.
  • Take a vacation.
  • Buy a used car.
  • Accessorize and maintain your car.
  • Purchase household appliances, furniture, electronics and sporting goods.
  • Pay for dental care.
  • Install a swimming pool.
  • Pay unexpected expenses.
  • Contribute to your RRSP.
Other

Calculate
What are the payments on Accord D financing?

1. Subject to approval by the Fédération des caisses Desjardins du Québec credit department. Available at participating caisses only. You must be a Desjardins caisse member.

2. During business hours of the Fédération des caisses Desjardins du Québec credit department.

Odyssey Gold Visa

    • Interest rate on purchases: 20.9%
    • Interest rate on cash advances: 21.9%
    • Annual fee: $110
    • Rewards program : up to 2% of your purchases in BONUSDOLLARS®
    • Additional card: free (members), $30 a year (non-members)
    • Insurance included:
      • comprehensive travel insurance up to 60 days
      • auto rental collision and loss damage
      • mobile devices
      • purchase protection and extended warranty
    • Travel: 50% off the regular admission fee to the Desjardins Odyssey® lounge at Montreal-Trudeau airport

10 reasons to choose Desjardins

Card features
Get this product - Odyssey Gold Visa Odyssey Gold Visa

Other advantages

Options
  • Insure your card balance for a minimal fee
  • Automatically pay your card balance at no charge
  • Lower your interest rate
  • Opt for an online monthly statement of account

To learn more, see the Visa Desjardins card privileges and services section.

Questions about the Odyssey Gold card?

  • Contact us at 1-877-847-8472.

See all credit terms and conditions of the card - Quebec (PDF, 95 KB).
See all credit terms and conditions of the card - Outside Quebec (PDF, 104 KB).