LOANS
SCOTIALINE PERSONAL LINE OF CREDIT
![Picture](/uploads/3/0/8/4/30844457/434697395.jpg?318)
- Unsecured credit limit: $10 000 - $75 000
- Annual interest rate: 7.99% or more, depending on your profile
- No annual fee
- You must be a landed immigrant or a Canadian citizen
- You must be a legal adult
- You must not have declared bankruptcy in the past seven years
- You must have a gross monthly income of at least $1000
MORTGAGES
|
Open Term Fixed Rate |
Open Term Variable
Rate |
Closed Term Fixed Rate |
Closed Term Variable
Rate |
Term Length |
6
month or 1 year |
5
years |
1,
2, 3, 4, 5, 7, or 10 years |
3
or 5 years |
Interest Rate |
6
months ………… 6.45% 1
year ……………..… 6.5% |
3.8% (rate
subject to change) |
1
year ……………. 3.29% 2
years ………..… 3.14% 3
years ………..… 3.44% 4
years ………….. 3.94% 5
years ………….. 4.79% 7
years …..……… 5.49% 10
years …………. 6.04% |
3
years………………. 2.6% 5
years …………..…. 5.1% (rate
subject to change) |
Payment Options |
Weekly,
biweekly, semi-monthly, or monthly |
Weekly,
biweekly, semi-monthly, or monthly |
Weekly,
biweekly, semi-monthly, or monthly |
Weekly,
biweekly, semi-monthly, or monthly |
Other Benefits |
Prepay
mortgage or convert to longer term at no cost |
Prepay
mortgage or convert to any closed term mortgage at no cost |
Prepay
up to 15% of principal once each year Increase
payments by up to 15% of original payments each year Miss
a payment as long as you’ve paid an extra regular mortgage payment earlier in
the term Receive
5% of principal back (only for terms 3 years or longer) |
Renew
at any time to a closed term fixed rate product with a term of 3 years or
longer at no cost Prepay
up to 15% of principal once each year Increase
payments by up to 15% of original payments each year Miss
a payment as long as you’ve paid an extra regular mortgage payment earlier in
the term |