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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!
Low interest rates
Up to 100% financing
Up to 10 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!
Advice
Scotiabank has helpful tips and ways that let you save for and finance your new or used car purchase that won't put a dent in your budget.
We also offer:
Loans in Jamaica: Tailored to suit your needs.
Additional information
Get more information about the current rates and fees.
See details of documents required for loans.
Need more information?
Call us and let us help:
Conditions Apply.