FinviloScotiabank
Scotiabank Term Loan for Business
A business term loan for buying fixed assets, with fixed or floating rates and scheduled monthly payments.
Provider information link, not an application on this site.
Recorded fees, rates and features
Amounts are in CAD unless the source specifies otherwise. A promotional term is not necessarily an ongoing term.
- Maximum amount
CAD 1,000,000
Provider source- Term
Up to 5 years
Provider source- Amortization
Up to 20 years for real estate; 3 to 10 years for other loans
Provider source- Rate type
Fixed or floating
Provider source- Repayment
Fixed or variable monthly payments
Provider source- Previous purchases
Purchases made within 6 months before applying can be financed
Provider source
Eligibility and provincial availability
- Provinces and territories
- Not confirmed
- Application requirements
- Not confirmed
Ask the provider to confirm residence, age, identification, income and any credit requirements that apply to this product. A listing does not guarantee approval.
Is this a fit for you?
Use the recorded details as a starting point, then compare the full cost and conditions with your needs. Product-specific benefits, exclusions and suitability have not received a separate editorial assessment on this page.
Cost of funding
Compare interest, origination charges, repayment deductions and the total cost.
Cash flow fit
Check repayment timing against your business income and seasonal changes.
Personal exposure
Ask about collateral, personal guarantees and what happens if payments are missed.
Do not treat a factor rate as an annual interest rate. Ask the provider to explain the repayment calculation.
Compare alternatives
Sources and important limitations
Official provider information for Scotiabank Term Loan for Business
Terms may have changed since this information was collected. Unknown details are not confirmed, not assumed to be free or available nationwide. This is general information, not personalized financial, tax, legal or insurance advice.