Scotia SelectPay

Enjoy the flexibility of buying now and paying little by little. 
Turn eligible credit card purchases of $100 or more1 into monthy installment payments over a fixed period of time with Scotia SelectPay2 during checkout or after purchase.

Here’s what you pay

Let’s say you bought a $1,200 laptop and converted it into a 3-month Scotia SelectPay installment plan with a low installment interest rate of 5.99% and no installment plan fee.

Your payments and interest for your Scotia SelectPay plan would be as follows:4


Monthly Installment Plan Payment

(Principal Amount + Accrued Interest)

Month 1 $404.00 $0.00
Month 2 $404.00 $8.27
Month 3 $403.01 $2.74
Total $1,211.01 $11.01

Interest savings

Here’s how much you could save on interest on that same purchase for 3 months versus if you paid it off at a typical credit card annual interest rate of 20.99%:4

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Interest Rate

Interest Payments over 3 Months

Scotia SelectPay 3-Month Installment Plan Interest Rate



Credit Card Annual Interest Rate on Purchases


Total Savings

For illustrative purposes only. Certain assumptions and exclusions apply. See below4 for more details.

Paying with Scotia SelectPay is easy

Online during checkout

Online during checkout with a participating merchant.

1. Click checkout and input your eligible Scotiabank Visa* Card details.
2. Choose a 3, 6, or 12-month plan3 from the list, 'Eligible for installments'. Installment plans are enabled by Visa*.  
3. Review and agree to the Installment Plan Terms and Conditions. 

Installment Plan Terms and Conditions Effective January 29, 2024:
For the following credit card accounts opened on or after January 29, 2024  

  • Scotiabank® Scene+™ Visa*Card

Installment Plan Terms and Conditions Effective May 13, 2022:
For all other eligible credit card accounts opened before January 29, 2024   

4. Your receipt will include your installment plan details. 
5. Sign into the Scotia mobile app or Scotia online banking to see your plan status after your transaction in posted (3-5 business days).

Or watch the video to learn more

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Limited Time Offer

Choose from flexible Scotia SelectPayTM installment plans on eligible Home Hardware purchases made with your eligible Scotiabank Visa* credit card, of up to 24 months with no interest and no fees on plans.

Advice+ features 

Make the most of your money with the right advice 

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Buy Now, Pay Later plans (BNPL) and Scotia SelectPay Installment plans

Learn how installment plans on credit cards, like those available from Scotiabank through its SelectPayTM plans – can help to provide a flexible way to pay for planned and unplanned purchases (during Checkout and after Purchase).

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4 tips to help organize your finances and prepare for the future

How you can better manage your cashflow to get ready for your goals.

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What is a credit card installment plan and how can I make the most of it?

A credit card installment plan is a feature that can help you to pay for purchases on your credit card over a fixed period.

Scotia SelectPayTM FAQs


Visit our Help Centre to learn more

Start using Scotia SelectPayTM

3 ways to get started

During checkout (in-store or online) with Scotia SelectPay Installment Plan

During checkout you can choose a Scotia SelectPay installment plan for qualifying purchases at participating merchants. Installment plans are enabled by Visa*.

Get started with the Scotia mobile app

1. Download the Scotia mobile app or update it to the latest version

Scotia online banking

Start banking now from your computer, smartphone, or tablet.

1. Sign into Scotia online