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® 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.
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.