Loans & Lines of credit

Choose a borrowing solution that’s right for you

Lines of credit

ScotiaLine® Personal Line of Credit

  • Credit limits starting from $5,000 and up to $75,000.*
  • Access to funds through Mobile App, Online Banking, ABM, Access Card, and cheques.
  • Flexible repayment options.
  • No need to reapply. 

ScotiaLine® Personal Line of Credit
(real estate secured)

  • Secured borrowing rates.
  • Eligible product for Scotia Total Equity® Plan (STEP).**
  • Low rates with payment options available.

ScotiaLine® Personal Line of Credit for Students

  • Deferred principal payments.
  • Make interest-only payments while you’re still in school.
  • Ability to pay down balance at anytime.
  • No annual fees.

Scotia RSP Catch-Up® Line of Credit

  • Get preferred lending rate and invest in an RSP for your future.°
  • Make regular contributions to your RSP anytime.


Scotia Plan® Loan

  • Take up to 5 years to pay it back.
  • Customized payment structure.
  • Choose between a fixed or variable interest rate.
  • Manage your loan online 

Auto Loan

  • Get up to $200,000 for your next vehicle.±

Grad Auto Loan

  • Buy a car up to 90 days before you start a full-time job.
  • Skip the down payment with 100% financing.±

StartRight® Auto Finance Program

  • Qualify for a loan with no Canadian credit history
  • Take up to 5 years (60 months) to pay back your loan

Marine and Boat Loan

  • Buy a new boat or used sailboat or power boat of any age.
  • Take your time to pay off the loan – up to 20 years.

Recreational Vehicle Loan (RV)

  • $200,000 for your next RV.±

How borrowing works

When you borrow money, you agree to pay it back with interest over time. With a loan, you know it will be paid off over a specific period of time with fixed payments. With a line of credit, you have the flexibility to repay as much as you want or as little as interest only every month.2

Frequently Asked Questions

Let's get started!

Ways to apply

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Apply online

Sign in to Scotia Online to apply for the ScotiaLine® Personal Line of Credit.

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By phone

Call Scotiabank

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In person

Make an appointment at your local branch

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At the dealership

Visit your dealer and ask for Scotiabank financing.

Advice+ Articles


Loans vs. Lines of Credit: Which could be right for you?

Let’s take a closer look at the differences between loans and lines of credit and find out which solution is right for you.


Leasing vs. buying a car in Canada

Planning to get a car and thinking about whether to buy or lease? Here are some pros and cons to help you make the final decision.


What happens if you miss a credit card or line of credit payment?

Everything you need to know about what happens when you miss a credit card or line of credit payment, your credit score, and what options you may have.

Useful calculators

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Find a loan that works for you

Our personal loan calculator can help you estimate the payment options that best suit your financial needs.

Launch Personal Loan Calculator

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How much do you need to finance a car?

Try our auto loan calculator for an estimate of what you need to finance your next vehicle.

Launch Auto Loan Payment Calculator

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Scotia Total Equity® Plan (STEP) Calculator

Learn how to save on interest by using the equity in your home to borrow at lower interest rates.

Launch STEP calculator