ScotiaLine® Personal Line of Credit

Right for you if:

  • You want access to money whenever and wherever you need it
  • You want a ready source of cash for emergency and unplanned expenses
Apply Today
  • Get funds to finance home renovations, unexpected emergencies, a vacation or a car purchase, all with a one-time application
  • Flexible and convenient access to your money
  • Minimum payments could be as low as interest only
  • No penalty to pay off your entire balance

PLUS:

Regular cheques are free. Personalized cheques are available for purchase.³

Itemized statements.

Optional Line of Credit Protection

No Penalty to pay off your entire balance

Minimum monthly payment could be as low as interest only²


Service Fees

Overlimit fee : $25.00
Charge if an account balance exceeds its credit limit. This fee will apply any time during the statement period, but only once per period.

Dishonoured payment fee: $42.50
Fee is charged for each account payment dishonoured by your financial institution on the date the payment is returned/dishonoured.

Dishonoured cheque fee: $42.50
Fee is charged on the date a cheque drawn on your ScotiaLine personal line of credit account is returned for each cheque which is returned due to insufficient credit available in your account.


Ready to apply

  • PhoneTakes just a few minutes 1 (888) 882-8958 Mon-Fri (8am-6pm)
  • In person Make an appointment at your local branch Find a local branch
  • Online 5 easy steps, under 10 minutes, 100% safe and secure Apply Today
  • 1 Subject to credit approval & security provided. The interest rate you pay on a ScotiaLine Personal Line of Credit will vary with Scotiabank Prime. Scotiabank Prime is the prime lending rate of The Bank of Nova Scotia as published from time to time. Read More
  • 2 Interest-only minimum payment will be the greater of the interest portion only of the outstanding balance on your statement, or $50, subject to your minimum payment being no more than the outstanding balance on your statement. In addition, amounts showing on your statement as OVERDUE or OVERLIMIT must be paid immediately and will be added to the minimum payment.
  • 3To buy ScotiaLine Personal Line of Credit customized cheques and accessories, please contact your Scotiabank branch.