Grad Auto Loans

picture of white car

Graduate to a car you love

Did you know?

Scotiabank is the


choice for vehicle financing.1
No payments for


  • Buy a car up to 90 days before you start a full-time job.
  • Make no payments for up to 90 days.
  • Skip the down payment with 100% financing.2
  • Buy a new vehicle or a used one that’s up to 3 years old.

For the best rates

Visit your dealership and ask for Scotiabank financing.

Calculate my payments
icon car with dollar sign

Get the best deal at your dealership

It’s the ideal way to stay on budget

  • You could get cash back, 0% financing or outstanding loyalty rebates.3
  • Ask for Scotiabank financing at over 4,000 dealerships across Canada.
  • Scotiabank is the top choice from coast to coast.1
icon application form

Applying is simple

All you need is a few basic documents.

You’ll need to show that you graduated – or are about to. That means bringing:

  • A college diploma (minimum 2-year program); or
  • A university degree (minimum 3-year program);
  • Or, if you’re in your final year, just show reasonable proof that you’re getting your degree and graduating within 90 days.

You’ll also need to show proof that:

  • Your job starts within 90 days of you buying the car. For example, you could bring a letter from your employer or a contract with your start date.
  • Your income is high enough to cover your debts. A letter from your employer that states your expected salary would be ideal.
icon calendar with dollar sign

Enjoy flexible payment options

Tell us how you want to pay

  • Take up to 5 years (60 months) to pay back your loan.
  • Choose a fixed or variable rate.4
  • Pick a weekly, bi-weekly or monthly payment plan.
  • Change how much you pay*, how often, or even what days you make a payment.
  • Pay off your loan or make a pre-payment at any time without penalty.
icon mobile devices

Manage your loan online anywhere, anytime

Just login to check out your loan or make a change

  • Find out how much is left on your loan and when your next payment is due.
  • See your payment amount and remaining term.
  • Make an extra payment or boost your payment amount.
  • Change your payment days or frequency.
  • Use your loan account number to activate online access.
icon calendar

Take a
payment break

Need a little breathing room?

  • You can postpone one payment each year that you have the loan.

I’m ready to apply

At the dealership

visit your dealer icon

Visit your dealer and ask for Scotiabank financing

Still have questions?

Call us

phone us icon

1(800) 4SCOTIA

1(800) 4SCOTIA