Grad auto loans

Graduate to a car you love

For the best rates

Visit your dealership and ask for Scotiabank financing.

Calculate my payments

Call us: 1 (800) 4SCOTIA
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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
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At the dealership

Visit your dealer and ask for Scotiabank financing


Still have questions?

Call us