Scotia Bank is large international bank, and a line of credit is an agreement with this bank that they will loan you money when you ask for it. The loan is based upon equity that you have such as your house.
Equity line of credit is a form of finance whereby you can use the equity you have in your home or other compatible loan to serve as collateral for a revolving line of credit. In most circumstances...
To apply for a line of credit at Scotiabank, you go directly to their main site, and on the left hand side of the page, select Personal Services. From there you would select Apply Now.
A Scotiabank line of credit is just like any other kind of loan or credit card. It's access to a lot of cash very quickly when it's needed or wanted, and allows for large purchases.