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Can I still get a car loan if I’m a newcomer to Canada?

If you're a newcomer to Canada, sign up for our offer to get preferred rates on car loans1, even if you don't have a credit history1-2

If you are a temporary resident, you are eligible for financing with a 25% down payment3 when the loan exceeds $10,000.

 

1. Subject to credit approval by National Bank of Canada. Certain conditions apply. 

2. The offer is eligible based on the in-branch car loan. This offer is not available at merchants that already offer National Bank financing. 

3. Newcomers and temporary residents are required to make a down payment of 25% of the value of the loan for financing of $10,000 or more to a maximum of $75,000. No financing is permitted above this amount and for any type of vehicle over 8 years old. Certain conditions apply. 

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