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Terms and Conditions

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Customer must comply with the Terms and Conditions of the "Mortgage Promotional Rate" promotion and all other Scotiabank products. This special mortgage rate promotion is being offered from February 6, 2015 up to and including June 30, 2015 and is for mortgage purchases, switches and refinances only. If customers do not meet the applicable funding conditions or do not wish to accept the full cross-sell of products under the Scotiabank Home Program, they are not eligible to receive the discounted promotional rate and will only qualify for the existing Switch or Acquisition rates. As part of the Bank's Mortgage Switch Program, the Bank will pay for cost associated with transferring your mortgage from another financial institution, including legal fees, penalties and appraisal costs (collectively referred to as "Switch Fees") – to a maximum amount and based on the lesser of: a) the actual cost b) 2.50% of the mortgage amount or c) USD $5,000 (or local equivalent); the Bank reserves the right to remove any property from this incentive program or to end the promotion or incentive program at any time subject to applicable law.

* Subject to certain terms and conditions and limited to applicants meeting credit approvals.

*Trademark of Scotiabank (Bahamas) Limited &The Bank of Nova Scotia, used under license.

* The terms and conditions can vary at any time, at Scotiabank's discretion without giving any notice or reason. In the event of a dispute arising from this promotion, the Bank's decision is final.

Eligible account and eligible products must be open and active, as follows:

Special Mortgage Rate Offer:

  • Rate posted applies to Conventional Loans Only, for HLTV add applicable rate increase per country;
  • Not available for Home Builder Loans;
  • Limited to Credit Scores - A&B;
  • Full product cross-sell under the Scotia Home Program;
  • For existing mortgage customers that inquire about refinancing, a minimum of USD 25k is required;
  • At maturity customers can be renewed into any available mortgage term;
  • For applications received from February 6, 2015 up to and including June 30, 2015, with funding no later than October 31, 2015.

Deposit Account:

  • Customer must have an auto debit / salary assignment in place to service the mortgage loan.
  • Encouraged to be used as an "everyday" account for the customer.

Credit Card:

  • Account must stay open for the term of the mortgage loan. Credit card account must be in good standing.
  • Applicable to any Credit Card that the customer decides to acquire, subject to credit approval.
  • General terms and conditions apply.
  • No pre-approved offer and no special Risk policies. The customer needs to qualify for the product under the existing policies.

Scotialine:

  • Account must stay open for the term of the mortgage loan. Scotialine account must be in good standing.
  • General terms and conditions apply.
  • No pre-approved offer and no special Risk policies. The customer needs to qualify for the product under the existing policies.

Personal Loans

  • Account must stay open for the term of the mortgage loan. Personal Loan account must be in good standing.
  • General terms and conditions apply.
  • No pre-approved offer and no special Risk policies. The customer needs to qualify for the product under the existing policies.

Overdraft:

  • Account must stay open for the term of the mortgage loan. Overdraft account must be in good standing.
  • General terms and conditions apply.
  • No pre-approved offer and no special Risk policies. The customer needs to qualify for the product under the existing policies.

Insurance

  • Customer's Creditor Life or Scotia Home Protection Plan insurance coverage must have been approved by the insurer and be in effect.

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Online

Customer must comply with the Terms and Conditions of the "Mortgage Promotional Rate" promotion and all other Scotiabank products. This special mortgage rate promotion is being offered from February 6, 2015 up to and including June 30, 2015 and is for mortgage purchases, switches and refinances only. If customers do not meet the applicable funding conditions or do not wish to accept the full cross-sell of products under the Scotiabank Home Program, they are not eligible to receive the discounted promotional rate and will only qualify for the existing Switch or Acquisition rates. As part of the Bank's Mortgage Switch Program, the Bank will pay for cost associated with transferring your mortgage from another financial institution, including legal fees, penalties and appraisal costs (collectively referred to as "Switch Fees") – to a maximum amount and based on the lesser of: a) the actual cost b) 2.50% of the mortgage amount or c) USD $5,000 (or local equivalent); the Bank reserves the right to remove any property from this incentive program or to end the promotion or incentive program at any time subject to applicable law.

* Subject to certain terms and conditions and limited to applicants meeting credit approvals.

*Trademark of Scotiabank (Bahamas) Limited &The Bank of Nova Scotia, used under license.

* The terms and conditions can vary at any time, at Scotiabank's discretion without giving any notice or reason. In the event of a dispute arising from this promotion, the Bank's decision is final.

Eligible account and eligible products must be open and active, as follows:

Special Mortgage Rate Offer:

  • Rate posted applies to Conventional Loans Only, for HLTV add applicable rate increase per country;
  • Not available for Home Builder Loans;
  • Limited to Credit Scores - A&B;
  • Full product cross-sell under the Scotia Home Program;
  • For existing mortgage customers that inquire about refinancing, a minimum of USD 25k is required;
  • At maturity customers can be renewed into any available mortgage term;
  • For applications received from February 6, 2015 up to and including June 30, 2015, with funding no later than October 31, 2015.

Deposit Account:

  • Customer must have an auto debit / salary assignment in place to service the mortgage loan.
  • Encouraged to be used as an "everyday" account for the customer.

Credit Card:

  • Account must stay open for the term of the mortgage loan. Credit card account must be in good standing.
  • Applicable to any Credit Card that the customer decides to acquire, subject to credit approval.
  • General terms and conditions apply.
  • No pre-approved offer and no special Risk policies. The customer needs to qualify for the product under the existing policies.

Scotialine:

  • Account must stay open for the term of the mortgage loan. Scotialine account must be in good standing.
  • General terms and conditions apply.
  • No pre-approved offer and no special Risk policies. The customer needs to qualify for the product under the existing policies.

Personal Loans

  • Account must stay open for the term of the mortgage loan. Personal Loan account must be in good standing.
  • General terms and conditions apply.
  • No pre-approved offer and no special Risk policies. The customer needs to qualify for the product under the existing policies.

Overdraft:

  • Account must stay open for the term of the mortgage loan. Overdraft account must be in good standing.
  • General terms and conditions apply.
  • No pre-approved offer and no special Risk policies. The customer needs to qualify for the product under the existing policies.

Insurance

  • Customer's Creditor Life or Scotia Home Protection Plan insurance coverage must have been approved by the insurer and be in effect.