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
$48.00
Non-sufficient funds fee
$48.00
Replacement sales draft, cash advance draft or monthly statement fee
$5.00
Overlimit fee
$29.00
Inactive fee
$0.00
Foreign currency conversion
2.5%
Balance transfer fee
1% of the balance transfer amount
Cash advance counter fee (any financial institution in Canada)
$3.50
Cash advance counter fee (financial institutions outside of Canada)
$7.50
ABM Fees
Cash advance ABM fee (any Scotiabank ABM in Canada)
$0.00
Cash advance ABM fee (non-Scotiabank ABMs in Canada)
$3.50
Cash advance ABM fee (ABMs outside of Canada)
$7.50

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.

NOTE:

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

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By phone

Takes just a few minutes

Mon-Fri (9am-8pm)

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In person

Make an appointment

at your local branch

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