Home
www.yconic.ca
www.scotiabank.com
Win Money For School Student Line of Credit Manage Your Money Parent TalkStudent BankingScotiabank Scholarships

Home > Manage Your Money > Credit Checklist

Credit Checklist

Here is what you need to consider when applying for a ScotiaLine® Personal Line of Credit for Students.

Don't Forget: Make sure to Ask:

Your ScotiaCard® bank card, if you're already a customer.

Two pieces of ID (required by you and your primary borrower)

  • Valid driver’s licence issued in Canada
  • Valid Canadian passport
  • Certificate of Canadian Citizenship
  • Permanent Resident card or
  • Citizenship and Immigration Canada Form
  • Certificate of Indian Status issued by the Government of Canada
  • Birth certificate issued in Canada

Name and Address of Post-Secondary Institution

Educational Program Name (e.g. Engineering)

Expected Date of Graduation

Employment Information (for you and your primary borrower)

  • Employer Name
  • Occupation
  • Length of Employment
  • Employer Contact Info

Proof of Income (pay stub or tax receipt)

Total Monthly Housing Costs (if applicable)

Suitable Proof of Enrolment, which can consist of one of the following:

  • A copy of the Student’s Course Timetable bearing the Student’s full name and current academic year;
  • An unpaid Fee Invoice from the school stating that the fees are due and bearing the Student’s full name and current academic year;
  • A receipt for paid tuition bearing the Student’s full name and current academic year
  • A letter signed and/or stamped by the institution on official school letterhead confirming that the Student is registered


What is a line of credit? How is it different from a loan?

What do I 'pay' for a line of credit?

Am I eligible to apply on my own or do I need a primary borrower?

How much am I eligible to borrow?

What is the interest rate?

How much interest will I have to pay in total?

Do I have to pay while I am in school?

Can I set up a direct payment method?

When will I know if I’ve been approved?

What if I need a credit limit increase?

Want a head start? Check out our FAQs
where we’ve answered a lot of these questions for you
.

Print this page


Home | Win Money For School | Apply For a Student Line of Credit | Manage Your Money | Parent Talk | Privacy |Français