Revolving line of credit available for full-time and part-time undergraduate and graduate students enrolled in a diploma, degree, or MBA program at an eligible post-secondary institution Monthly interest-only payments while you’re in school 8-month grace period after graduation on principle repayment Credit limits starting from as low as $1,000 to a lifetime maximum of $50,000 Funding is provided on an annual basis, to a maximum of $10,000 per academic year for full-time students

Competitive Interest Rates1 - Available starting at Scotiabank Prime + 2.00%, subject to change without notice. Find out the current interest rates by visiting Scotiabank's website, calling 1-800-9-Scotia (1-800-972-6842) or 416-288-4655 in Metro Toronto or by visiting any Scotiabank branch. Optional VISA card for incidental fees. You can apply at the same time for a Scotia Moneyback™® VISA® Card with an up to 1% Moneyback reward with $1,000, $2,000 or $3,000 limits, deducted from your ScotiaLine™ personal line of credit for students total credit limit. Optional Credit Protection for your credit solution

When you qualify for a ScotiaLine™ personal line of credit for students, both you and your parents share the responsibility for making interest payments while you’re in school, and for paying back the principal 8 months after graduation. Your role is that of a co-borrower. You build up valuable credit history that will help you get credit in the future. Although you share responsibility, only your parent, guardian or spouse serves as the primary borrower on the line of credit for students, and therefore has the ability to authorize credit limit increases.

When you apply and are approved for a ScotiaLine™ personal line of credit for students you are automatically eligible to win a $1,000 CDN cash bursary or one of 10 $50 gift cards. You can apply anytime you want – it’s no longer something that you only do at the beginning of the school year or at the start of a new semester.