Lines of Credit

Choose a borrowing solution that’s right for you

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.

What is a line of credit?

A line of credit is a revolving borrowing solution that allows customers the flexibility and convenience of accessing funds to meet their diverse borrowing needs, typically at a lower interest rate. Whether you’re renovating your home or consolidating debt a line of credit allows you to withdraw funds up to the credit limit, and pay down at your convenience, provided monthly minimum payments are made. With a line of credit, you don’t need to reapply as credit is available again once balance is paid.  

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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

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.


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.


How Canadians can use home equity: home equity loans and home equity lines of credit

Comparing home equity loans and home equity lines of credit (HELOC).

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.

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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.

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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.

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