The purchase price is divided by the number of months in the promotional period to determine equal monthly payments to be made during the promotional period. Under this plan, credit charges will not accrue on the purchase during the promotional period if the required minimum payment is made each billing cycle during the promotional period when due. and is subject to all the terms and conditions in your Retail Credit Agreement and Disclosure Statement and the promotional plan disclosure statement (collectively the “Account Agreement”). Financing is provided by Fairstone Financial Inc. An annual adhesion fee of $35, as set out in your Account Agreement, will be charged to your Account for all plan with a 12-month term or more. The annual interest rate may be applicable to a current purchase, an equal instalment purchase, a deferred payment purchase, a deferred equal instalment purchase or multiple equal instalment purchases.Įqual monthly payments without interest financing See the Desjardins Variable Credit Agreement available in shops for more details. The minimum card payment is 2% to 5%, depending on the card, of the total of: the balance shown on the statement for the previous period the credit charges applicable to purchases and monthly instalments outstanding at the end of that period current purchases, cash advances and cheques for the period covered by the statement and the credit charges on cash advances and cheques plus : the monthly payment(s) for the period covered by the statement, the amount of deferred payment purchases due on the date of the statement, any overdue amounts and any other amounts provided for in the card contract. The card's grace period is 21 days without interest, from the end of the billing period, to pay the full balance of the statement without being obliged to pay credit fees, except on cash advances. If the monthly instalment thus due is not paid in full on its due date, annual interest of up to 19.9% will accrue on the amounts due and unpaid until they are paid in full. On or before the due date indicated on the statement of account for a billing period, you must pay, in a single payment, the monthly instalment(s) for the period covered by the statement of account plus, if applicable, the other amounts included in the minimum payment due for the card, as provided for in the contract. Equal monthly installments are calculated by dividing the amount financed, plus 13.5% annual interest, sales tax and EcoFee if applicable throughout the promotion period, by the number of months in the promotion the monthly installment amount will appear on the monthly account statements sent to you upon purchase. Purchase by equal instalments is subject to annual interest of 13.5%, calculated from the date of purchase, until paid in full. There are no enrolment or renewal fees associated with entering into this agreement. All annual interest rates are subject to change. Subject to approval by the Fédération des caisses Desjardins du Québec ("Desjardins"). The consumer now buys and pays in equal instalments with interest. Subject to Accord D Desjardins credit approval. Accord D Desjardins financing for your online and in-store purchases. Interest if paid in full by expiry date of planįinancing at Tanguay Furniture, excluding taxes and ecofees, is obtained exclusively with a Desjardins credit card or with a Tanguay-Desjardins private card. Same as cash (with payments) example of credit charges:Įstimated accrued interest added to outstanding balance if not paid in full by end of termĥ% minimum monthly payment based on the declining monthly balance (amount below correspond to the 1st month) Making only the minimum monthly payments on your account will not pay off the purchase in time to avoid Credit charges. If you do not pay the financed amount in full by the expiration date of the promotional period, all of the accrued credit charges will be assessed. If you make the required payments and pay the financed amount in full by the expiration date of the promotional period, all of the accrued credit charges will be waived and no credit charges will be assessed on the purchase.Credit charges will accrue on the purchase from the beginning of the promotional period, and minimum payments of 5% of the balance will be due each billing cycle.
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