Newcomer car loans
Car loans for newcomers to Canada in London, Ontario
Just arrived in Canada? Having no Canadian credit history is normal, and many lenders offer programs built for newcomers. We help permanent residents, work permit holders and international students across Southwestern Ontario.
No Canadian credit? That's okay
Newcomer programs look at your job, income and immigration status instead of a long credit history.
Permanent residents and work permits
Permanent residents and people with valid work permits can often qualify. With a work permit, the loan term may need to fit within your permit dates.
Start building Canadian credit
A car loan with on-time payments is a common way to start building a Canadian credit history.
What to bring
- ✓Passport and PR card, work permit or study permit
- ✓Proof of income, such as a job letter or pay stubs
- ✓Ontario driver's licence (or the licence you're using to drive here)
- ✓Proof of address in Ontario
Common questions
Can I get a car loan with no Canadian credit history?
Yes, many lenders have newcomer programs. Approval isn't guaranteed, but we'll look for an option that fits.
Can I get a car loan on a work permit?
Often yes. Lenders usually look at your permit dates, job and income.
Do I need an Ontario driver's licence?
You'll need a licence that lets you drive legally in Ontario. Bring what you have and we'll go over it with you.
Want to estimate your payment first? Try our payment calculator or read more FAQs.