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Car Deal Canada

Scotiabank Car Loan Interest Rates

Scotiabank car loan interest rates
Scotiabank car loan interest rates

Scotiabank Car Loan Interest Rates

About Scotiabank

Scotiabank car loan interest rates are some of the most favourable rates in Canada. Scotiabank, widely recognized as The Bank of Nova Scotia, stands out as a leading multinational financial services corporation in Canada and is counted among the prestigious “big five banks” of the nation. Ranking as the third-largest bank in Canada in terms of deposits and market capitalization, Scotiabank boasts a storied heritage.

Originally established in Nova Scotia in 1832, Scotiabank moved its executive office to Toronto in 1900. Employing over 88,000 people globally, the bank serves the financial needs of over 25 million customers worldwide.

About Scotiabank

Scotiabank car loan interest rates are some of the most favourable rates in Canada. Scotiabank, widely recognized as The Bank of Nova Scotia, stands out as a leading multinational financial services corporation in Canada and is counted among the prestigious “big five banks” of the nation. Ranking as the third-largest bank in Canada in terms of deposits and market capitalization, Scotiabank boasts a storied heritage.

Originally established in Nova Scotia in 1832, Scotiabank moved its executive office to Toronto in 1900. Employing over 88,000 people globally, the bank serves the financial needs of over 25 million customers worldwide.

7.99%

On Approved Credit

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Current Scotiabank Used Car Loan Interest Rates

Loan terms of less than 78 months

7.99% - 10.49%

OAC

Loan terms of 84 months

8.44% - 11.24%

OAC

Loan terms over 84

8.93% - 11.73%

OAC

Car Loan Application showing Scotiabank Car Loan Interest Rates


Visit Our Car Loan Calculator To Get The Lowest Scotiabank Auto Loan Rates

Want to find out your Payments With A Scotiabank Car Loan? 

Make the most of our car loan calculator to easily estimate your monthly payments with Scotiabank. Simply input your preferred Scotiabank car loan rate from the rate sheet provided above and choose the terms that suit you best.

Keeping your budget in check is of utmost importance during your search for the perfect car, and that’s why we have developed a dedicated car payment calculator tailored to this need. This powerful tool empowers you to stay on course by providing valuable insights into your payments.

It ensures that the car loan rate you select harmonizes seamlessly with your financial objectives, helping you make an informed decision with confidence.

Scotiabank Contact Information

Questions About Scotiabank Car Loans?

Answer: Scotiabank offers loans for new or used vehicles. 

Answer: Yes, financing options are available for both new and used vehicles.

Answer: Applications must be made at a dealership offering Scotiabank financing.

Answer: Yes, you can manage your loan through Scotiabank’s online portal, including checking your balance and making extra payments.

Answer: Requirements typically include being of age of majority, a Canadian resident, having a good credit score, earning sufficient income, and not having recent bankruptcies or declined credit.

Answer: Yes, you can pay off your loan early without extra fees.

Answer: Yes, Scotiabank is a well-established and secure bank in Canada.

Answer: Loan rates start at 7.99%; you’ll need to apply at a dealership to find out your eligible rates​.

Answer: They have the StartRight program for newcomers and graduate auto loans for recent graduates​.

Answer: You need to provide personal information, proof of ID, and proof of income and employment.

Answer: You can choose a loan term of up to 96 months.

Answer: Yes, the StartRight program caters to newcomers with no credit history in Canada.

Answer: Yes, Scotiabank offers both fixed and variable rate options.

Answer: Graduate auto loans may allow for 0% financing on approved credit.

Answer: Scotiabank auto loans are available through a network of over 4,000 dealerships nationwide​.

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