A 2-page Scotiabank product factsheet describing the ScotiaLine® Personal Line of Credit — a secured, open-ended revolving personal line of credit available under the Scotia Total Equity® Plan (STEP). It lists borrower eligibility (Canadian citizen/permanent resident, age of majority, credit approval), maximum two borrowers on title, eligible purposes (purchase, refinance), limits (min $10,000; max secured $1,500,000), Access Card features and issuance thresholds, repayment options (3%/2%/interest-only with $50 minimum), protection insurance types, pricing components (Prime + adjustment factor), and exclusions (no business use, no mortgage bridging).
Questions this document answers
$10,000
$1,500,000
Access Card issued to all new accounts with limits of $10,000 to $500,000
Two borrowers on title (guarantors not allowed)
Purchase and Refinance