Desjardins increased the limit for payments by touch-free flow and lowers the interest rate of his credit cards for some students.
Those who have had recourse to a student loan, and that are not yet due to repay, will now benefit from an interest rate of 10.9% for their credit card, has informed on Friday, the Movement Desjardins.
This measure will apply for the next six months, has told through a press.
Since the beginning of the crisis of the sars coronavirus, this is not the first relief that is announced by Desjardins for students. The co-operative movement had already indicated that the holders of student loans who are in the labour market could extend their repayment an additional six months.
In parallel to this announcement, Desjardins group will also temporarily increase the payment limit of the type “Paypass” to $ 250 for a debit card.
This threshold applies from march to credit cards and seeks to limit the most possible the use of the keyboards when you pay in stores.
“This temporary increase of the limit of a contactless payment debit card was requested by our members for some time and we were ready to make the shift. I am glad that it is available as soon Sunday, in all of the merchants using our payment terminals”, has detailed Guy Cormier, president and chief executive officer of Desjardins group, by issuing a press release.
In addition, the financial institution announced Friday that it had received more than 235 000 applications for the various relief measures put in place since the beginning of the crisis.