ScotiaLine® Personal Line of Credit (STEP)

Right for you if:

  •  You have a Scotia Total Equity® Plan

  • You want access to money whenever and wherever you need it

  • Overview

  • Borrow up to 65% of the value of your home to finance goals you have like home renovations, a vacation or a car purchase, all with a one-time STEP application

  • A flexible personal line of credit:

    • With limits up to $1,500,000; or
    • With the convenience of a VISA* access card for limits up to $500,000
  • Very competitive secured rates1

  • Flexible repayment terms – Minimum payments could be as low as interest only2

  • No penalty to pay off your entire balance

  • Plus

    • Regular cheques are free. Personalized cheques are available for purchase. ³
    • Itemized statements.
    • Scotia Line of Credit Protection can mean providing the financial support that you and your family may need during a difficult time.

    Details & Fees

  • Minimum Credit Limit: $10,000

    For current rates and information on fees and interest, call 1-888-882-8958.

  • For ScotiaLine® Personal Line of Credit customers with VISA* access cards:

  • No cash advance fee when using your VISA* access card at any Scotiabank ABM

  • ScotiaLine® Personal Line of Credit Fees:

    Transaction Fees
    Dishonoured payment fee
    Non-sufficient funds fee
    Replacement sales draft, cash advance draft or monthly statement fee
    Overlimit fee
    Inactive fee
    Foreign currency conversion
    Balance transfer fee
    1% of the balance transfer amount
    Cash advance counter fee (any financial institution in Canada)
    Cash advance counter fee (financial institutions outside of Canada)
    ABM Fees
    Cash advance ABM fee (any Scotiabank ABM in Canada)
    Cash advance ABM fee (non-Scotiabank ABMs in Canada)
    Cash advance ABM fee (ABMs outside of Canada)

    Cheques & Cash Advances

    Use ScotiaLine® Cheques to:

    • Transfer balances from gas and retail cards that charge higher interest rates.
    • Pay for a large purchase, insurance premiums, medical bills, or utility bills.

    Obtain cash advances at:

    • Over 1 million ABMs around the world displaying the VISA/PLUS symbols.
    • Over 55,000 ABMs displaying the INTERAC symbol in Canada, including Scotiabank ABMs.
    • Or, access your account with your ScotiaCard when you link the two together.


    See ScotiaLine® Personal Line of Credit for line of credit not under Scotia Total Equity® Plan


    By phone

    Takes just a few minutes
    Mon-Fri (9am-8pm)

    1 (888) 882-8958
    In person

    Make an appointment
    at your local branch

    Find a local branch