Personal Line of Credit
Get a set amount you can use for expenses great and small. Book an appointment on AccèsD if you're a member to apply for a Personal Line of Credit.
Not a member? Call us at 1-866-647-5013 This link opens your phone app. to book an appointment.
What’s a Personal Line of Credit?
A Personal Line of Credit gives you an authorized amount to use according to your needs. For example, you can use it to pay for short-term expenses, to cover miscellaneous or unexpected costs or to renovate or buy a car.
It’s a good option if you’re able to manage your loan responsibly. You must be able to pay more than the interest each month and to repay any amount used as soon as possible.
Benefits of the Personal Line of Credit
Additional safety net
Rest assured knowing you can access the available funds if the unexpected happens.
Quick access to funds
Use the available amount directly from the everyday account linked to your line of credit.
Easy-to-manage payments
Pay back as little as just the monthly interest per payment period, at the frequency you choose.
Features
Amount available
- Based on your needs, financial situation and ability to repay
- Option to adjust limit of an existing line of credit, if needed
Interest rate
- Variable rate tied to the prime rate and based on the authorized amount, your financial situation and collateral provided, if required
- Interest calculated on the daily balance: only pay interest on what you borrow
Access to funds
- Access and manage your funds quickly and independently.
- Make transactions any time on AccèsD.
- Transfer funds between your lines of credit and their linked Everyday Transaction Account.
Payment options
- Choose to pay daily, weekly or monthly.
- Choose to pay a percentage of the monthly balance, a fixed or variable amount or just the monthly interest.
- Pay off your loan in part or in full, at any time, without penalty.
Member dividends
This product is eligible for Desjardins member dividends.
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.
Make an appointment for your Personal Line of Credit
By phone
Montreal area:
514-253-6473 This link opens your phone app.
Elsewhere in Canada and the US:
1-866-647-5013 This link opens your phone app.