Scotiabank – Apply for a Loan
Contact Information
Company
Bank of Nova Scotia
Address
44 King St W, Toronto, ON M5H 1H1
Website
https://www.scotiabank.com
Scotiabank – Repayment Schedule
Estimated monthly payments at APR 7.49%. Actual payment is determined at loan approval.
| Amount \ Term | 12 mo. | 24 mo. | 36 mo. | 60 mo. |
|---|---|---|---|---|
| $5,000 CAD | $433.76 | $224.98 | $155.51 | $100.17 |
| $10,000 CAD | $867.53 | $449.95 | $311.02 | $200.33 |
| $15,000 CAD | $1,301.29 | $674.93 | $466.52 | $300.50 |
| $20,000 CAD | $1,735.06 | $899.90 | $622.03 | $400.66 |
| $25,000 CAD | $2,168.82 | $1,124.88 | $777.54 | $500.83 |
| $30,000 CAD | $2,602.58 | $1,349.85 | $933.05 | $601.00 |
Representative Example
Loan Amount
$5,500 CAD
Repayment Term
60 months
APR
7.49%
Monthly Payment
$110.18
Total Interest Cost
$1,110.95
Total Amount Payable
$6,610.95
* This example is for illustrative purposes. APR includes the interest rate and any applicable fees. Actual terms are determined upon signing the loan agreement.
Quick Overview
Loan Amount
$1,000 CAD – $50,000 CAD
Term
6 – 60 months
APR from
7.49%
Approval
1-3 business days
Eligible Age
18+ years
Online Application
Yes
Eligibility Requirements
- ✓ Age 18+ years
- ✓ Canadian resident
- ✓ Employment or pension income
- ✓ Credit score 650+
- ✓ Valid ID
Loan Features
- Optional payment protection insurance
- Fixed or variable rate options
- Flexible terms 6-60 months
- Online or in-branch application
- Large Canadian network
Ready to apply?
Go to Scotiabank Official Site ad