Independent head-to-head comparison of APR, loan limits, credit requirements and funding speed for two Canadian lenders.
Canada's international bank and leader in flexible borrowing through the Scotia Total Equity Plan (STEP) and variable mortgages.
Visit ScotiabankCanada's top digital mortgage lender and brokerage using proprietary algorithms to find and fund the lowest mortgage rates with zero commission bias.
Visit nesto Mortgage| Feature | Scotiabank | nesto Mortgage |
|---|---|---|
| Lowest APR | 5.09% | 4.69% |
| Highest APR | 12.25% | 6.99% |
| Min Loan | $5,000 | $100,000 |
| Max Loan | $1,750,000 | $2,500,000 |
| Min Credit Score | 660 | 660 |
| Funding Time | 2-3 business days | 3-7 business days |
| Loan Types | mortgage, personal, debt_consolidation, auto, business | mortgage |
| Provinces | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE |
Scotiabank starts at 5.09% APR while nesto Mortgage starts at 4.69%. The cheapest option depends on your credit score, loan amount and term. Always compare your personalized APR offers — advertised rates are minimums for the strongest applicants.
Scotiabank typically requires a minimum credit score of 660. Below that, consider alternative lenders that specialize in credit-challenged borrowers.
nesto Mortgage typically funds in 3-7 business days after final approval. Same-day funding usually requires e-transfer-eligible accounts and document approval before cutoff.
Scotiabank serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU. nesto Mortgage serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE. Province availability is a hard requirement — verify before applying.
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