Scotia Total Equity® Plan STEP

Right for you if:

  • You want more control over your borrowing

  • You want to take advantage of various product options

  • Secured borrowing rates
    Apply just once to secure your overall borrowing limit and borrow up to 80% of the value of your home.
    Choose from a combination of Scotiabank products that best suit your need.

  • Split mortgages
    Manage your interest rate risk by splitting your mortgage into 2 or 3 different types of mortgages and terms.
    Both fixed and variable interest rates are available.

  • ScotiaLine for business™ VISA* card - Low rates with VISA card access.

  • ScotiaLine® Personal Line of Credit - Low rates with payment options available.

  • Use your Scotia Total Equity Plan to help you with all your borrowing needs.

    You can borrow up to 80% of the value of your home and choose from a broad range of Scotiabank products. Once the STEP is in place, you decide how and when you'll use your available credit. Talk to your Branch for more details and find out how to take advantage of this product.

    1. Secure your borrowing with at least 20% equity in your home.
    2. Apply just once to establish your overall borrowing limit.
    3. Manage your interest rate risk by splitting your mortgage into two or three different types of mortgages and terms.
    4. Choose a combination of Scotiabank products that best suit your need

    Choose from:

    Special Offers

    We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you.4

    Variable Rate Mortgages
    Scotia Ultimate Variable Rate Mortgage-Closed 3 Year Term

    3.75%1

    Scotia Flex Value Mortgage-Closed 5 Year Term

    3.65%2

    Scotia Flex Value Mortgage-Open 5 Year Term

    4.25%3

    1 Year 3.69%
    2 Years 3.49%
    3 Years 3.94%
    4 Years 4.29%
    5 Years 5.14%
    7 Years 5.69%
    10 Years 6.39%
    Open Mortgage - 6 Month 6.95%
    Open Mortgage - 1 Year 6.70%
    Flexible/Closed Mortgage - 6 Month 4.75%

    Rates are provided for information purposes only and are subject to change at any time.
    All rates are calculated semi-annually, not in advance.

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