ScotiaLine® Personal Line of Credit

Right for you if:

  • You have a Scotia Total Equity® Plan
  • You want access to money whenever and wherever you need it
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  • Borrow up to 65% of the value of your home to finance goals you have like home renovations, a vacation or a car purchase, all with a one-time STEP application
  • A flexible personal line of credit:
    • With limits up to $1,500,000; or
    • With the convenience of a VISA* access card for limits up to $500,000
  • Very competitive secured rates1
  • Flexible repayment terms – Minimum payments could be as low as interest only2
  • No penalty to pay off your entire balance

Notice: Important Changes to Scotiabank Line of Credit Accounts
Effective as of August 1, 2016, some of our fees and terms will change.


  • Regular cheques are free. Personalized cheques are available for purchase.³
  • Itemized statements.
  • Scotia Line of Credit Protection can mean providing the financial support that you and your family may need during a difficult time.

No Penalty to pay off your entire line of credit balance

Minimum monthly payment could be as low as interest only²

  • Minimum Credit Limit: $20,000

For current rates and information on fees and interest, call 1-888-882-8958.

For ScotiaLine® Personal Line of Credit customers with VISA* access cards:

  • No cash advance fee when using your VISA* access card at any Scotiabank ABM
  • Purchase Security and Extended Warranty protection on purchases made with your VISA* access card or with your VISA* cheques4
  • Enjoy special discounts on car rentals of up to 20% at participating AVIS car rental locations worldwide. Simply present your VISA* access card at any participating location or visit or call 1-800-TRY-AVIS (879-2847) and quote the rebate number C030400

See ScotiaLine® Personal Line of Credit for line of credit not under Scotia Total Equity® Plan

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