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Scotiabank T&T
Scotia Mortgage
4.5(113 reviews)
Scotiabank mortgage. Rate range 6.5–8.5% p.a. (midpoint shown). Max TT$2M over 30 years.
Interest Rate
7.5%
Loan Range
TT$200,000–TT$2,000,000
Tenure
60–360 mo
Processing Fee
1%
Features
- 30-year term
- Fixed or variable rate
- No prepayment penalty
- First-time buyer support
Strengths
- Low secured rate
- Long tenure
- No early-repayment penalty
Trade-Offs
- Property valuation required
- Stamp duty applies
Eligibility
Stable employment, joint applications welcome, DSR < 40%
Customer Reviews
Anika R.
Approved in a day
Applied online Monday morning, money was in my account by Tuesday afternoon. Excellent service from the bank.
Devon M.
Great rate but paperwork
The interest rate is unbeatable, but be prepared for some back-and-forth on documents.
Marlon J.
Solid card
Rewards are real and applied automatically. Annual fee is worth it if you spend over TT$3,000/month.