Loans & Lines of Credit
Choose a borrowing solution that’s right for you
StartRight Auto Finance Program
Qualify for a loan with no Canadian credit history
Take up to 5 years (60 months) to pay back your loan
Scotiabank is the #1 choice for vehicle financing in Canada.
Get up to $200,000 for your next vehicle.
EcoLiving Auto Loan
Buy a new electric, hybrid or diesel vehicle you could be eligible for a government rebate towards the purchase of a qualified vehicle.
Grad Auto Loan
Buy a car up to 90 days before you start a full-time job.
Skip the down payment with 100% financing.
Marine and Boat Loan
Buy a new boat or used sailboat or power boat of any age.
Take your time to pay off the loan – up to 20 years.
Motorcycle & Leisure Vehicle Loan
Buy a new motorcycle, All Terrain Vehicle (ATV), quad, snowmobile, personal watercraft (PWC) or other leisure vehicle.
Or buy a used motorcycle or leisure vehicle that’s up to 5 years old.
Scotia Plan Personal Loan
Use your loan for anything you want.
Take up to 5 years to pay it back.
Save with a great fixed or variable interest rate.
Recreational Vehicle Loan (RV)
Scotiabank is the #1 choice for dealership financing.
$200,000 for your next RV
Scotia RSP Catch-Up® Line of Credit
Get a preferred lending rate and invest in an RSP for your future.
Make regular contributions to your RSP.
Pay no interest until you use your line of credit.
Scotia Total Equity® Plan
Secured borrowing rates.
Apply just once to secure your overall borrowing limit ScotiaLine® Personal Line of Credit - Low rates with payment options available.
ScotiaLine® Personal Line of Credit
Combines high credit limits and very competitive rates.
Minimum payments could be as low as interest only.
Scotia RSP Plan Loan
Borrow to Save. Get a preferred rate and invest in an RSP for your future.
Balance your budget. Borrow only what you need.
Peace of mind. Customized amortization periods with the flexibility to pay off your loan at any time, without a penalty.
ScotiaLine® Personal Line of Credit for Students
Deferred principal payments.
Make interest-only payments while you're still in school.
How borrowing works
When you borrow money, you agree to pay it back with interest over time. With a loan, you know it will be paid off over a specific period of time with fixed payments. With a line of credit, you have the flexibility to repay as much as you want or as little as interest only every month.