ScotiaLine® Personal Line of Credit

Enjoy the benefit of a lower-interest way to borrow money. You can use it when needed1 with the convenience of an access card. It's a good option for you to consider if you are looking for financial flexibility.

Is this Line of Credit right for you?

success icon

Right for you if you:

  • Want to keep credit available for future needs 
  • Want additional credit at a low rate to help finance large expenses
  • Want to save money on interest by transferring higher rate balances
  • Want a rainy-day fund to cover unexpected expenses
caution icon

May not be right for you if you:

  • Require the consistency of fixed principal and interest payments to pay off your debt within a set time period
  • Are uncomfortable with a variable interest rate that can increase when Scotiabank’s Prime Rate increases
  • You want a payment method for everyday purchases with an interest-free grace period on purchases

Benefits of a ScotiaLine® Personal Line of Credit

No annual fee

No annual fee applies to the ScotiaLine Personal Line of Credit account.6

Credit limits starting from $5,000 and up to $75,0002

Apply for your credit limit for your line of credit based on your borrowing needs.

Flexible repayment options

You choose how much to repay, with payments that can be as low as interest only.3

No need to reapply

You can continue to use your available credit and keep the line of credit available for your future needs.4

Convenient access to funds

Access funds from your line of credit through your Mobile App, Online Banking, ABM, Access Card in-store, and cheques.

Visa Access Card

  • Use your access card to get cash advances at ABMs6 locally and worldwide or use it to pay in-store or online anywhere Visa cards are accepted.2
  • Enjoy special discounts on car rentals

How to use and access your line of credit

Whatch video How to use and access your line of credit

Insert heading text

with an optional subtitle

How to consolidate debt and save money on interest

Watch video How to consolidate debt and save money on interest

Insert heading text

with an optional subtitle

Optional Scotia Line of Credit Protection5

Scotia Line of Credit Protection insurance can help pay the outstanding balance on your Scotiabank Line of Credit account if you are diagnosed with a covered critical illness or if you pass away. It can also pay a monthly benefit in the event that you become disabled or involuntarily lose your job.

Learn more

What do I need to apply?

Here are the documents you need to apply for a ScotiaLine® Personal Line of Credit.

Identification (one of the following valid pieces of government issued ID):

  • Passport
  • Driver's licence
  • Valid government issued identification card

Proof of employment:

  • Employment letter
  • Salary slips/letters

Self-employment documents:

  • Proof of self-employment (e.g., recent CRA My Account Assessment or recent NOA and corresponding T1 General 4-page summary)

Line of credit FAQs

Find full information on interest and non-interest costs on lines of credit on the form below.


Not sure this is the right borrowing solution for you?

Let's get started!

Ways to apply

laptop icon

Apply online

Start your application for the ScotiaLine® Personal Line of Credit

phone icon

By phone

Call Scotiabank, Mon-Fri (8am-6pm)

location icon

In person

Make an appointment at your local branch