Grad Auto Loans

Graduate to a car you love

No payments for 

90 days

For the best rates

Visit your dealership and ask for Scotiabank financing.

Calculate my payments

Still have questions?
Call us

Features

  • 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% financing2

  • 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 rebates3

  • Ask for Scotiabank financing at over 4,000 dealerships across Canada

  • Scotiabank is the top choice from coast to coast1

  • 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

  • At the dealership

    Visit your dealer and ask
    for Scotiabank financing

    Still have questions?

    Call us

    1(800) 4SCOTIA