Desjardins Ready-to-Drive Loan

Desjardins Ready-to-Drive Loans will no longer be available through dealers as of June 23, 2016. They have been replaced by Desjardins Auto and Leisure Vehicle Loans. Any financing applications submitted before June 23, 2016 will be eligible for Desjardins Ready-to-Drive Loans.

Learn more about Desjardins Auto and Leisure Vehicle Loans available through dealers.

Key advantages

  • Loan insurance – Ready-to-Drive
    • Life insurance included with no additional charge (payment of loan balance in the event of borrower's death)
    • Optional disability insurance available at a reasonable price (loan payments covered in the event of disability)
  • Roadside assistance free for 1 year
    • Assistance services available 24 hours a day, 7 days a week1
  • Exclusive discount on your insurance2
  • Green option: If you opt for a new hybrid or electric vehicle, you benefit from 2 additional advantages. Learn more

Interest rate

Fixed or variable interest rate

Varies according to loan amount, vehicle type and term.


  • Payment frequency options: weekly, every 2 weeks or monthly
  • Payments are withdrawn automatically from your account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
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
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

1. Available only in Quebec. This discount applies to the payment of the insurance premium of the vehicle financed by Desjardins, only for the first year of the policy. This promotion is available upon purchase of the vehicle and during the subsequent period for a maximum of 1 year.

2. Some conditions apply. In Ontario, the annual percentage rate (APR) is equal to the posted interest rate, assuming that there are no additional charges applicable to the loan. Should there be such charges, the APR might be different.