To help its clients through the financial strain brought on by the pandemic, Desjardins is lowering its credit card interest rate for individuals who have requested a payment deferral.\nIt's just one of the new support measures the bank has introduced.\nVisit MTLBlog for more headlines.\nWith many people facing financial difficulties during the COVID-19 outbreak, Desjardins decided to reduce the interest rate for its credit card members. The Desjardins Group has also announced a series of measures to help young people and its clients get through these tough times. Beginning on April 8, personal credit card clients at Desjardins will benefit from a reduced interest rate of 10.9% if they have requested a payment deferral.\n"Desjardins was the first financial institution to put various relief measures in place for its Personal and Business members and clients affected by COVID-19," said Guy Cormier, President and Chief Executive Officer of Desjardins Group.\n"We continue to support our members and clients by announcing additional measures like loans of last resort and temporary reductions in interest rates on our credit cards."\nIn addition, Desjardins has donated 60,000 protective masks to the Quebec government, provided funding to community organizations, and provided numerous relief measures to young Quebecers affected by the COVID-19 outbreak.\n"We've all been affected by COVID-19, and Desjardins wants to make sure everyone gets the help they need. A lot of young people are struggling right now too," said Cormier.\n"Some are experiencing high levels of anxiety. If we're going to support our youth, that means being there when it counts."\nTo help young Quebecers, Desjardins has opened up a psychological and legal hotline for its clients who are 30 and under.\nThe bank has also increased its 2020 scholarship fund to $1.8 million, an increase of $500,000.\nPress Release | Announcement of support for youth and expansion of relief measures for Personal members and clients amid COVID-19https://t.co/UHvZ4sBHn3— Desjardins Group (@DesjardinsGroup) April 2, 2020\nDesjardins Group is further providing $475,000 to four major community groups including the Canadian Red Cross, Centraide, Food Banks of Quebec, and Feed Ontario.\nREAD ALSO: First Responders Blast Sirens & Music To Say Thanks & Promote Social Distancing (Video)\nFinally, Desjardins has offered its clients who are most affected by COVID-19 a "last resort" personal loan.\nStarting on April 6, the bank will offer people who have lost their jobs a loan of up to $3,000 for a maximum term of 18 months.\nView this post on Instagram Nous tenons à vous rassurer que nous sommes là pour vous et nous continuerons de l’être. 💚🌈 Si vous avez besoin d’accompagnement dans le contexte actuel, nous vous invitons à suivre le lien dans notre bio. #cavabienaller A post shared by Desjardins (@desjardinscoop) on Mar 20, 2020 at 2:01pm PDT\nClients will have the option of deferring payments for up to six months, at a 4.97% interest rate.\nThe provincial and federal governments have also announced financial relief programs.\nIndividuals whose jobs have been impacted by the pandemic can apply to receive $2,000 a month for four months from the Government of Canada.\nOn sait que la bataille contre la COVID-19 est difficile pour beaucoup de monde du côté économique.On est là pour vous aider à passer au travers. Lâchez-pas.Voici les détails de notre annonce d’aujourd’hui pour les travailleurs essentiels 👇 pic.twitter.com/mXEBepw8LS— François Legault (@francoislegault) April 3, 2020\nIn Quebec, essential workers who make less than $2,000/month will also benefit from a $1,600 bonus over four months.\nStay tuned for more news.