Loans

Choose a borrowing solution that’s right for you

Scotia Plan® Loan

  • Take up to 5 years to pay it back.
  • Customized payment structure.
  • Choose between a fixed or variable interest rate.
  • Manage your loan online 

Auto Loan

  • 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.±

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

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.

Recreational Vehicle Loan (RV)

  • $200,000 for your next RV.±

What is a loan?

A loan is a structured financial solution that allows customers to borrow money for a specific need such as making an everyday purchase they need to make or consolidating higher interest debts. Loans can be made available with fixed or variable interest rates and paid back in predictable fixed instalments. If you prefer the stability and structure of a fixed repayment plan, a Scotia Plan Personal Loan may be just what you’re looking for!

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Ways to apply

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By phone

Call Scotiabank

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In person

Make an appointment at your local branch

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At the dealership

Visit your dealer and ask for Scotiabank financing.

Advice+ Articles

Loans vs. Lines of Credit: Which could be right for you?

Let’s take a closer look at the differences between loans and lines of credit and find out which solution is right for you.

New car vs. used car: Car buying guide

Planning to buy a car and thinking about whether to buy new or used? Here are some pros and cons to help you make the final decision. 

How much does an electric vehicle cost?

What you need to know before you purchase an electric car.

Useful calculators

Find a loan that works for you

Our personal loan calculator can help you estimate the payment options that best suit your financial needs.

Launch Personal Loan Calculator

How much do you need to finance a car?

Try our auto loan calculator for an estimate of what you need to finance your next vehicle.

Launch Auto Loan Payment Calculator

Scotia Total Equity® Plan (STEP) Calculator

Learn how to save on interest by using the equity in your home to borrow at lower interest rates.

Launch STEP calculator