Reminder on your deferred interest

In June 2024, Scotiabank launched our Customer Assistance Programme (CAP) to provide financial relief for customers affected by Hurricane Beryl. We hope you are on your way to recovery from the impact of the hurricane. We were pleased to support you through our loan deferral program under CAP. As part of this relief initiative, your monthly loan payments were deferred for three (3) months upon your acceptance into the programme.

• The next payment date for your loan was moved to a period three (3) months in the future.
• The maturity date of the loan was extended for the same period.
• Any Scotiabank automatic debits or standing orders for your loan were suspended during the deferral period.
• After the deferral period, regular payments became due and your Scotiabank automatic payments were reinstated.

Interest accumulated during the deferral period and any loan insurance premium (if applicable) – together, is referred to as “the Deferred Amount”. The Deferred Amount is due for payment on or before the maturity date of your loan. As a reminder, while the deferral meant that you did not need to make monthly payments during the deferral period, interest was calculated as normal.

Please note, the Deferred Amount is not added to your loan balance - there is no interest on interest.

Here is how you can repay the Deferred Amount:

The deferred amount can be repaid as a  lump sum, on or before the end date of your loan.

Your total to be repaid will be sent via email."

We continue to be here for you.

If you have any questions about your loan, or continue to be impacted by Hurricane Beryl, please contact our Call Centre at (876) 960-2675 or your local branch to discuss your options.

We’re in this together and we’ll get through this together.