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: $20,000

    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

    Resources

    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
    Online

    5 easy steps, under 10 minutes,
    100% safe and secure

    Apply today