Scotia Professional Plan (SPP)1 Line of Credit
Preferred interest rates and high limits for professionals.
Product benefits
- Preferred borrowing rates.
- A simple way to borrow that provides peace of mind that funds will be available.
- A way to manage your general operating expenses and working capital needs.
Product details
- Limits: up to $1 Million1
- Term: Revolving credit.
- Repayment: Interest only or $50, whichever is less.
- Competitive floating interest rate tied to Scotiabank's prime lending rate.
- Interest payable monthly; no set prepayment schedule for principal.
Additional services
- All account activity is recorded on one monthly statement.
- Optional Comprehensive Insurance
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1
Subject to credit approval and the Bank’s requirements with respect to any security provided. Proof of professional certification and membership may be required. Additional terms and conditions may apply. Offer may be changed, cancelled or extended at any time without notice.