Desjardins Bank Mortgage Rates

As of January 27th, 2021
Desjardins Bank

Desjardins Bank Background

Desjardins Bank is a Canadian bank that was founded in 1900 by Alphonse Desjardins. They are the largest credit union in North America, with 293 local credit unions operating 1,032 points of service. THey currently have approximately 7 million customers that are primarily located in Quebec and Ontario. Desjardin was originally founded in Levis, Quebec, but is now headquartered in Montreal, Quebec. In addition to retail banking, they also offer several other financial products through their 20 subsidiaries, such as insurance, capital markets services, mortgages and venture capital funds. Desjardin has also become active in 30+ developing countries through technical assistance programs and long-term based investments.

Desjardins Bank Fixed-Rate Mortgages

Desjardins Bank Fixed Rate Mortgages reduce the risk of future interest rate fluctuations by “locking in” a specific interest rate for the term. This can create peace of mind for homeowners, which makes it a fundamentally appealing program for home buyers. If you are arranging a new mortgage for a future or current home, your fixed interest rate can be guaranteed up to 120 days before the closing date of your home. If interest rates go up during that time, you will be guaranteed the lower rate.

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
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Desjardins1-Year Fixed
2.89%
$1,874
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Desjardins2-Year Fixed
3.04%
$1,905
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Desjardins3-Year Fixed
3.54%
$2,011
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Desjardins4-Year Fixed
4.09%
$2,131
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Desjardins5-Year Fixed
2.09%
$1,713
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Desjardins7-Year Fixed
2.19%
$1,733
inquire
Desjardins10-Year Fixed
5.79%
$2,526
inquire

The rates shown are for insured mortgages with a downpayment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage.

Latest Mortgage Rates

Comparing 25 major lenders, the best mortgage rates in Canada are:
5-Year Fixed: 1.33%get this rate
5-Year Variable: 1.25% get this rate
Updated January 27th, 2021

Desjardins Variable-Rate Mortgages

Desjardins Variable Rate Mortgages provides you with fixed payments over the term; however, the interest rate will fluctuate with any changes in the prime interest rate. If their prime rate goes down, more of your payment will go towards paying off your principal; if our prime rate goes up, more of your payment will go towards interest costs. As a result, this can be a great financial tool for those expecting rates to fall in the upcoming year. A convertible mortgage allows you to convert to another term at any time. This feature provides security and flexibility, as it enables you to convert to a longer closed term should your variable rate mortgage no longer meet your needs.

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
CLICK FOR A FREE CONSULTATION
Desjardins5-Year Variable
1.99%
$1,693
inquire

The rates shown are for insured mortgages with a downpayment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage.

Desjardins Posted Rates

Desjardins Posted Rates are the official rates used when calculating your mortgage break penalty, the fee you pay if you want to break or refinance your mortgage early. Your mortgage payment, interest, and stress test will be based on a different rate which is usually lower than the posted rate.

Term LengthDesjardins Posted Rate
1-Year Fixed
Desjardins6.95%
2-Year Fixed
Desjardins3.04%
3-Year Fixed
Desjardins3.54%
4-Year Fixed
Desjardins4.09%
5-Year Fixed
Desjardins4.74%
7-Year Fixed
Desjardins5.39%
10-Year Fixed
Desjardins5.79%

Desjardins Mortgage Break Penalty

Variable Rate MortgageFixed Rate Mortgage
3 Months’ InterestGreater of 3 Months’ Interest or the IRD amount
Interest Rate Differential (IRD) for Desjardins
Difference in interest payable due to the difference between your current mortgage rate and Desjardin’s current posted rate, less any rate discounts that you received.

While we try our best to get you the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.