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

Are you a newcomer to Canada?

As a newcomer to Canada, you can take advantage of our full range of banking products to achieve your ambitions. Even without a credit history,¹⁻² securing a car loan at a competitive rate is possible. 

Please note that if your financing needs are $10,000 or more, you'll need to make a downpayment of 25%³ of the value of your car loan.

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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