Car Loans

Right for you if: 

  • You are about to purchase a new or used care

  • You are looking for competitive rates

    Sports, family, pick-up, 4WD, classic, advanced design... It is time to choose the car you want and get a car loan quickly. Scotiabank opens the door to your dreams and supports you in the purchase of your new or used car, offering you financing over up to 84 months with competitive rates.

    The quickest and easiest way to finance your vehicle.

    Benefits of a Scotiabank car loan include:

  • Fast approval

  • Very competitive rates

  • Low, realistic monthly payments

  • Financing:

  • Up to 90% on your new car

  • Terms up to a maximum of 84 months on new cars

  • Financing terms for used cars depend on the age of the vehicle (not more than three years). 

    Requirements for applying for a Scotiabank car loan:

  • Completed and signed application

  • Current work letter addressed to Scotiabank, last Social Security card and copy of last two pay checks (for individuals on salary)

  • Copies of ID card/passport and a second form of ID

  • Your two (2) most recent personal income statements (for self-employed individuals). Your two (2) most recent tax returns and audited financial statements for your business for the past two (2) fiscal years (if you are a business owner)

  • Copy of public utility bill (water, electricity, telephone) with your current address

  • Pro forma invoice of the car

  • You might also need...

    Credit Protection

    Life insurance for your loan: protect the wellbeing of your family and loved ones.

    Read more, Credit Protection

    Ready to Apply?

    In Person

    Visit your nearest Scotiabank branch. 

    Find a local branch
    By Phone from Panama City

    Speak to one of our specialists by calling

    (507) 297-5200
    By Phone from the city of David, Province of Chiriqui

    Speak to one of our specialists by calling

    (507) 777-6500