Desjardins group review

Information about Desjardins group

Main Office Address

Desjardins Group has its headquarters in Levis, Canada. It is located at 100, avenue des Commandeurs Levis (Quebec) G6V 7N5, Canada.

Business Hours

• Weekdays: The business centers are open from Monday to Friday, 08:30 am through 04:30 pm. 
• Saturday and Sunday: Desjardins is closed on Saturday and Sunday. 

Desjardins observes all federal holidays. To be on the safe side, you should contact them before you visit the branch.

Email

Desjardins has several email addresses so you can choose the one specific to your needs.  

Phone

Desjardins offers several phone numbers for various banking products and services. For customer service and general inquiries, you can contact 418-835-8444 or 1-866-835-8444.

Types of Loans Offered at the Desjardins Group

The Desjardins Group offers a variety of loans to suit various needs. They have great interest rates and a repayment plan that will suit your budget. Read further to learn about the different kinds of loans offered by Desjardins Group for the one that best suits your needs.

Desjardins Personal Loans

With a personal loan from Dejardins, you can have the money you need to complete your goals because the loans offer flexible payment options.

Key Features

The key features of the Desjardins Personal Loans include:

• Flexible payments: You can choose the payment frequency and the method you want. For example, the payment frequency can be weekly, bi-weekly or monthly. Loan payments can be withdrawn automatically from your bank account. There are no prepayment penalties if you want to pay off your loan before the term is up so you can pay off your loan whenever you want – partially or fully without being charged extra fees. 
• Interest rates: Based on your needs and risk tolerance, you can choose either a fixed or variable interest rate for your loan. The rate is also based on the loan amount, term, and your credit history.
• The amount available: The amount you can qualify for is generally determined by your payment capacity, the amount of financing required, and the useful life of the financed product. 
• Loan insurance: This is optional coverage that allows you to pay off your loan in the event of disability or death. 

Necessary Documents

• Proof of income if no direct deposits made at Desjardins
• For loan consolidation: statements of other loans.

Desjardin Auto Loans

Desjardins Group offers competitive rates and flexible payment  terms on their auto loans.

Key Features

The key features of the Desjardins Auto Loan include:

• Interest rates: Depending on your needs, you can select either a fixed or variable loan rate. 

• Payment options: There are flexible loan payment options such as weekly, bi-weekly or monthly.

• Loan term: You get up to 84 months for an automobile loan and up to 240 months for a recreational vehicle loan, based on the loan amount and the type of vehicle. 

There are different types of the Desjardins Auto Loans:

Desjardins Auto Loan through dealers

These loans are available on the spot when you buy your vehicle. Approval generally takes a few minutes, and the interest rate is lower than the rate on unsecured personal loans since a Desjardins Auto Loan is secured by your vehicle.

Eligible vehicles for this loan include cars, vans, sports utility vehicles, and minivans. Individuals cannot finance commercial used cars.

Desjardins vehicle loans offer fixed or variable interest rates, depending on the loan amount, vehicle type, and term. You can discuss with your dealer the current rates. However, there is a 0.30% discount that is exclusive for members. 

The minimum loan amount is $5,000, with an option of financing up to 100% of the cost of your purchase. The loan term varies between 6 to 96 months, depending on the loan amount and type of vehicle.

In addition, there are flexible repayment options which could be weekly, bi-weekly or monthly. Payments are withdrawn automatically from your bank account, and there are no prepayment penalties so you can pay off your loan whenever you want without being charged extra fees.

Desjardins Leisure Vehicle Loan through dealers

Like auto loans, these loans are available on the spot when you complete your purchase. Approval generally takes a few minutes, and the interest rate is lower than the rate on unsecured personal loans because a Desjardins Leisure Vehicle Loan is guaranteed by your vehicle.

Eligible vehicles for this loan include motorcycles, snowmobiles, personal watercraft, all-terrain vehicles, boats, trailers, and motorhomes.

Fixed or variable interest rates are offered, which vary according to the loan amount, vehicle type, and term. In addition, there is a 0.30% rate discount exclusive for members.

There is a minimum loan amount of $5,000 available with an option of financing up to 100% of the cost of your purchase. The loan term varies between 6 to 240 months, depending on the loan amount and type of vehicle.

In addition, there are flexible repayment options which could be weekly, bi-weekly or monthly. Furthermore, payments are withdrawn automatically from your bank account, and there are no prepayment penalties. You can pay off your loan whenever you want without being charged extra fees.

Desjardins Auto+ Loan

The Auto+ Loans provides payment conditions adapted to your budget. It is ideal if you need to borrow money to buy a car, motorcycle, snowmobile, trailer, or motorhome. You can finance a used or new vehicle of more than $12,500 with flexible repayment options – weekly, bi-weekly or monthly. The Auto+ loan can also finance up to 100% of the total cost of your purchase.

Fixed or variable interest rates are offered, which vary according to the loan amount. The loan term ranges between 6 months to 20 years depending on the loan amount and type of vehicle. Payments are withdrawn automatically from your bank account, and there are no prepayment penalties. This means you can pay off your loan whenever you want without having to pay extra fees.

Desjardin RRSP Loans

These loans are beneficial if you want to use them to contribute to your Registered Retirement Savings Plan (RRSP). The loan’s actual cost is offset by your income tax savings and the investment income that accumulates tax-free.

Key features

Key features of the Desjardins RRSP Loan include:

• Interest rate: You can choose between fixed or variable interest rates, or you can switch between them at any time.
• The amount available: There is no maximum amount.
• Flexible payment schedule: One key feature of this loan is the payment schedule which could be weekly, bi-weekly or monthly. In addition, you get to pay only the interest during the RRSP season. Prepayment can be done in part or in full at any time without being charged extra fees or penalties.
• Loan term: Depending on the amount, you can get a loan term of up to 10 years for an RRSP loan. Your branch may agree to a longer-term depending on the loan’s purpose, e.g., contributing your unused RRSP contribution room and, in some cases, on the collateral provided.

Necessary documents

• Proof of income (pay stub, etc.)
• Investment statements
• Other loan statements (including consolidated loans)
• Tax bills or leases
• Last Federal Notice of Assessment

Why Choose this Desjardins Group?

The Desjardins Group offers a lot of services to its customers. Below, we have given some reasons why you should select this provider.

• caisses are open to everyone: caisses welcome everyone regardless of their financial situation. caisses focus on meeting their members’ needs rather than generating profits for a select few shareholders.
• Members are collective owners of their caisse: Members can participate in the Annual General Meeting and elect the caisse board of directors. This privilege is only offered by cooperative financial institutions.
• Each member has ONE vote: Each caisse member has the right to vote, regardless of their holdings or financial needs. Members are responsible for electing the people they think will best manage their caisse.
• Elected directors represent caisse members: Members can apply to become part of their caisse’s team of elected directors. When selected, they can sit on the Board of Directors or various committees and be called upon to represent their caisse or region at other levels of Desjardins Group.
• Desjardins helps its members become money smart: Desjardins Group wants to help its members and the community take control of their finances and quality of life. This is why cooperative, economic, and financial education is encouraged.
• Dividends go to members: At Desjardins, all members may receive part of the profits of their caisse, depending on its annual results. These shared profits are called “member dividends”.

This longstanding commitment is concrete proof that Desjardins wants to make the world a fairer and more prosperous place for everyone.

How to apply for a loan

You can apply over the phone by calling 514-224-7737 in Montreal or 1-800-224-7737 if you are elsewhere in Canada.

You can apply at a caisse by calling 514-253-6473 in Montreal or 1-866-647-5013 if you are elsewhere in Canada.

Conclusion

Desjardins Group offer a variety of service that caters to diverse needs of customers. With subsidiaries in insurance, banking, securities, real estate, venture capital funds and a whole lot more, you can be sure to enjoy every experience it offers. If you are a Canadian looking for an organization that offers excellent services as well as a good customer experience, become a member of the Desjardins Group.