Our guide to Desjardins mortgages

James Rodriguez James Rodriguez updated on 2022-03-31

When it comes to mortgages, there are a lot of things to think about. What’s the interest rate? What’s the term? Do you want a fixed or a variable interest rate?

There are lots of important questions to ask when you’re shopping around for a mortgage. But at the top of that list is without a doubt, "which mortgage lender should you work with?"

Each lender has its own set of pros and cons, so it’s important to understand the differences before you decide which one is right for you. In this review, we take a close look at Desjardins mortgages and their current rates.

About Desjardins

Founded in 1844, Desjardins now operates in 183 towns and villages. They offer cards, loans, credit, insurance, savings and investment services. Currently, Desjardins has 7.5 million members and clients and is ranked among the top 100 employers in Canada and the world by Forbes. Desjardins takes into account their social responsibility and cooperation, being apart of various funding schemes and doing environmentally responsible practices.

Our review of Desjardins

Desjardin offers a variety of services which allow you flexibility when choosing your mortgage plans. Their website makes it easy to navigate these services, which include: mortgages calculators, mortgage renewal/refinancing and new home-buyer advice. A useful tool is the Desjardins mobile app, where you can view your policy and make payments.

Desjardins mortgage pros and cons

Here are some of the advantages and disadvantages of Desjardins mortgages:

Why Desjardins might be right for you:

Lower fees than the Big Banks
Great customer service
Competitive rates
Possibility for negotiation on rates

Why Desjardins might not be right for you:

Primarily operates in Quebec and Ontario

To find the best mortgage rates, it is important to weigh quotes from different lenders. Subtle differences in the interest rates, term lengths and fine print can mean tens of thousands of dollars over the course of the mortgage. Use our free, online mortgage rates comparison tool today to help you find the perfect provider!

Compare mortgage rates now

Get the best mortgage rates in just seconds

What types of mortgages does Desjardins offer?

Below is a table showing some details about the different mortgage plans Desjardins offers. Most providers will offer a variety of mortgage options.

Type of mortgageClosed fixed-rateOpen fixed-rate
Interest rateStable until the end of the termStable until the end of the term
  • 6 months
  • 1 to 5 years
  • 7 years
  • 10 years
  • 6 months
  • 1 year
Rate guaranteed at time of mortgageYes, until June 30, 2022 (limited-time offer)Yes, until June 30, 2022 (limited-time offer)
Prepayment possible without indemnity
  • Yes, up to 15% of original mortgage amount annually
  • Double your mortgage payments without indemnity
Yes, at any time, in whole or in part
Distinctive features
  • Interest rate lower than that of an open, fixed-rate mortgage
  • Most popular loan
Useful if:
  • your property is for sale
  • you're expecting a major inflow of funds in the short term to pay off your mortgage
Desjardins mortgage details

What mortgage rates does Desjardins offer?

There are two main types of mortgage rates in Canada: fixed and variable rates.

Fixed-rate mortgages are a great option for people who want to know exactly what their interest rate will be throughout the entire course of their loan term. With a variable rate, your payments change based on market conditions. This could mean rates that go up over the course of the term.

Below are some of the mortgage rates Desjardins offers:

Rate Type

Term Length



6 months



1 year



2 years



3 years



4 years



5 years



6 years



7 years



10 years



6 months



1 year


Variable (open)



Variable (closed reduced)

Closed reduced


Variable (closed protected)

Closed protected


"5-in-1" Yearly Rate Resetter



Desjardins 's mortgage rates

Want to compare mortgage rates in Canada from other lenders? You can for free, and anonymously right on this website.

Compare mortgage rates now

Get the best mortgage rates in just seconds

How do I contact Desjardins ?

In order to contact Desjardins, 24 hours a day, 7 days a week:

Montreal area:
Elsewhere in Canada:

Our Desjardins mortgage calculator

Want to calculate what your Desjardins mortgage will look like? We have some tools right here on our website that can help:

Our mortgage payment calculator lets you see monthly payments and gives a yearly amortization schedule.

Our mortgage affordability calculator will help you determine how large a mortgage you can get.

Our mortgage default insurance calculator will tell you how much you'll owe for mortgage default insurance