Personal Loan

Take out a loan and speed up the completion of your project.

Is this loan for you?

  • You want to realize a personal project that is very special to you.
  • You are looking for a flexible loan at a low rate to support your projects.

Interest rate: Fixed or variable rate based on loan amount and term

Terms: 1 to 5 years

Repayment: Weekly, bi-weekly or monthly, with possibility of partial or total repayment at any time, without penalty



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
Interest rate
  • Fixed rate or variable rate based on loan amount and term
Amount available Amount granted is determined by:

  • Your financial capacity
  • The useful life of the financed product
  • 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  • Payments will be withdrawn automatically from your account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 terms
  • 1 to 5 years
  • Your caisse may agree to a longer term depending on your use of the loan (e.g., your unused RRSP contribution) and, in some cases, on the collateral provided


More information

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
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. The interest rate will be the current fixed rate at the time of conversion

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.

Documents to bring to your meeting with an advisor:

  • Personal documents
  • Proof of income (pay stub, etc.)
  • Investment statements
  • Other loan statements (including consolidated loans)
  • Tax bills or leases
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