ScotiaLine Personal Line of Credit

Right for you if:

  • You want a line of credit that lets you decide when you borrow and how much you repay

ScotiaLine is an excellent way to give yourself some added financial flexibility.

  • Reduce your interest costs; interest is only charged on the balance you owe, at a rate lower than most personal loans
  • Save money by paying off higher-interest debts
  • Spending up to a pre-determined limit
  • Unrestricted access to your credit. All you do is write a cheque at no charge.
  • A flexible repayment schedule that you control
  • Payments as low as interest only
  • Complimentary ScotiaLine personalized cheques
  • Comprehensive monthly statements for easy record keeping
  • No pre-payment penalty
  • Optional credit protection

Once you've established your ScotiaLine account, there's no need to re-apply. You simply access your credit whenever you need to.

Fees and Terms

No pre-payment penalty

Optional credit protection

Ready to Apply?

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Life can be full of surprises: a wedding, a graduation, a major purchase like a new car or boat, even a home renovation. A Personal Line of Credit is a great way to help you realize your dreams and enjoy those special moments in life. Scotiabank will show you the flexibility and freedom in borrowing the right way.

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We also offer:

Gold Personal Line of Credit
Gives you instant access to your credit whenever you need it, and once it's yours, it's yours for life!