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Personal loan

Make your projects a reality with an easy-to-manage personal loan. If you’re a member, you can apply for a loan of $1,000 or more via our mobile and online services.

Not a member? Schedule a call to book an appointment.

What is a personal loan?

A personal loan gives you a set amount to carry out a specific project. For example, you can use it to make a big purchase, cover an expense, do renovations or consolidate debt.

Benefits of a personal loan

Immediate access to the full amount 

Get your loan amount1 as a one-time payment, which you can put directly toward your goal or purchase. 

Easy-to-manage payments

Pay it back in fixed payments at a set frequency.

 Variable or fixed rate 

Choose between a fixed or variable rate or even ask to switch from one to the other at any time.

Features

Amount available

Amount granted is determined by:

  • Your payment capacity
  • The amount you're asking for
  • The useful life of the financed product (in certain cases)

Interest rate

  • Fixed or variable
  • Based on the loan amount, term and credit history

Fixed rate

Choose a fixed interest rate if you're cautious and sensitive to rate fluctuations. A fixed rate remains stable for the duration of the loan.

You can switch to a variable rate at any time without fee or penalty.

Variable rate

Choose a variable interest rate if you can tolerate risk and rate fluctuations. A variable rate is generally lower than the fixed rate in effect but may increase or decrease at any time depending on our prime rate.

When rates drop, your payment amount remains the same, but you may be able to pay back your loan faster than expected.

You can switch to a fixed rate at any time without fee or penalty. Your interest rate will equal the fixed rate in effect at the time you switch.

Terms

Flexible terms

Repayment

  • Payments can be made every week, every 2 weeks or every month
  • Payments can be withdrawn automatically from your account
  • Loan can be repaid in part or in full, at any time, without penalty

Applying for a personal loan

If you’re a member, you can apply for a loan of $1,000 or more via our mobile and online services.

Not a member? Schedule a call to book an appointment.

  1.  Step one Estimate your payments

    Use the payment calculator available in our mobile and online services to try out scenarios based on different loan conditions. It’s a good way to assess your ability to repay your loan.

  2.  Step two Apply

    Log in to our mobile and online services and select Personal loans in the Cards, loans and credit section to apply either by yourself or with a co-borrower. You’ll need to provide details about your income and about the project you want to finance.

  3.  Step three Manage your loan

    Once your application is approved, you’ll be able to view and manage your loan online. You can also use our mobile and online services if you want to pay back your loan quicker. Select the account associated with your personal loan, then select Prepay.

Good to know

Your credit report may be affected while we analyze your application. If you’re applying with a co-borrower, you must have a joint account with us.

Tools to guide you on AccèsD

Find your borrowing solution

Have a project that'll cost at least $1,000? Use our tool to help you choose the financing that's right for you.

Find your borrowing solution on AccèsD.

Calculate your payments

Try out different payment scenarios to make sure you’ll be able to pay off your personal loan.

Calculate your personal loan payments on AccèsD.

Loan insurance

When you take out loan insurance, the insurer repays the loan amount in the event of death. In the event of disability, the insurer repays the insured portion of your payments. If the unexpected strikes, it ensures your financial obligations are covered.

Apply for a personal loan

On AccèsD

By phone 

Elsewhere in Canada:
1-800-224-7737 This link opens your phone app. (1-800-CAISSES)

We can also call you when it’s convenient.

With an advisor

Book an appointment on AccèsD if you’re a member, and meet with an advisor online, in person or over the phone.

Loans and financing are subject to Desjardins credit approval. Certain conditions, limitations and exclusions may apply. Loans and financing are offered based on your needs. Speak with a Desjardins advisor to find the right financing for you.