Grad Auto Loans
Graduate to a car you love
Grad Auto Loans
1 (800) 4SCOTIA
Scotiabank is the TOP choice for vehicle financing.1
No payments for 90 days.2
Buy a car up to 90 days before you start a full-time job.
Skip the down payment with 100% financing.(2)
Make no payments for up to 90 days
Buy a new vehicle or a used one that’s up to 3 years old
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
Applying is simple
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
Manage your loan online anywhere, anytime
- 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.
Enjoy flexible payment options
- Take up to 5 years (60 months) to pay back your loan.
- Choose a fixed or variable rate4
- 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
Take a payment break
- Need a little breathing room? You can postpone one payment each year that you have the loan†