Auto Loans

Right for you if:

  • You want to purchase a motor vehicle
  • You want extended terms and competitive rates

We will have you moving in the right direction: a comprehensive suite of products that will make purchasing that new or used car easier than you think!

Our Auto Loans package includes:1

Up to 100% financing

Up to 9 years to repay

Repayment terms are customized to fit your budget, making them easy to manage and monthly payments are charged directly to your deposit account; making payments easy plus saving you time and cheque charges.

Loan process

Explore our step-by-step guides to securing your car with ease

Loan Planning

 

  • Initial Consultation
    Assess eligibility with a Loans Officer.
  • Pre-Qualification Letter
    Share with Auto Dealer if needed.

Application

 

  • Document Collection
    Submit income proof, ID, and vehicle details.
  • Processing Begins
    • Verification
    • Adjudication

Preparation

 

  • Loan Agreement Preparation
  • Signing Appointment
  • Funding Preparation
  • Letter of Undertaking
    Sent to Auto Dealer with lien instructions.

Disbursements

 

  • Vehicle Transfer & Registration
    Dealer completes ownership and registration.
  • Loan Disbursement
    You drive away as the official owner!

Additional information

Current rates and fees

Get more information about the current rates and fees.

Documents required

See details of documents required for loans.

See our current rates and fees for Scotiabank borrowing products.

Ready to apply

We are here to help.

Contact a branch

Ready to apply

We are here to help.

Contact a branch