Finder makes money from featured partners, but editorial opinions are our own.

Bad credit car loans in Nova Scotia

Compare a selection of lenders that offer bad credit car loans in Nova Scotia.

Whether you’re looking for bad credit loans in Halifax or anywhere else in Nova Scotia, you have options. While traditional lenders may make it harder for you to qualify, subprime lenders are a viable option. Find out where you can apply for bad credit car loans in Nova Scotia and how to compare your loan offers.

Popular bad credit car loans in Nova Scotia

Bad credit car loan lenderAPRLoan TermMin. credit scoreOther requirements
CarsFastCarsFast Car Loans3.90% - 29.90%12 - 96 months300Min. income of $2,000 /month, 3+ months employedGo to site
Loans CanadaLoans Canada0% - 46.96%3 - 60 months300Min. income of $1,800 /month, 3+ months employedGo to site
Car Loans 411CarLoans411UndisclosedUp to 120 months300Min. income of $1,600 /month, 3+ months employed
Canada Auto FinanceCanada Auto Finance4.90% - 29.95%3 - 96 months300Min. income of $1,500 /month, 3+ months employedGo to site
Canada DrivesCanada Drives24 - 96 months400Min. income of $1,800 /month
Maritime Car LoansMaritime Car LoansN/AN/ABad or no creditEmployment information required for application

Eligibility requirements for bad credit car loans in Nova Scotia

Before applying for a subprime car loan, read over the eligibility criteria to make sure you meet the baseline requirements. They typically include the following:

  • Age. You must be at least 19 years old, which is Nova Scotia’s age of majority. You’ll need a valid government-issued ID to prove this.
  • Residency. You must be a Canadian citizen or permanent resident.
  • Income. Because bad credit loans shift the emphasis from your credit score to your monthly income, you must have a steady source of income that’s sufficient to manage loan repayments. Lenders will ask for bank statements, pay stubs, benefits letters or other documents to verify your monthly income.
  • Employment. While some lenders may accept government benefits or private pension as income, the vast majority will only accept applicants with steady employment of at least 3 to 6 months.
  • A valid bank account. You must have a valid bank account that accommodates automatic withdrawals for your routine loan repayments.

How to apply for bad credit car loans in Nova Scotia

The process for getting a bad credit car loan in Nova Scotia isn’t too different from getting one with good credit. Here’s a step-by-step look at what to expect:

1. Do your research

Compare Nova Scotian lenders, their interest rates, terms and their eligibility requirements. After this, create a shortlist of top contenders. Check on whether you can make extra payments without any penalties and if you have the option to refinance your loan without penalty.

2. Prepare your documentation

Based on the eligibility criteria, prepare everything you need for a successful application. You may be asked for proof of identity (passport or driver’s licence), auto insurance and, most importantly, your income. Have copies of pay stubs, a letter of employment or tax returns ready for uploading.

3. Apply for pre-approval from lenders

When a lender in Nova Scotia pre-approves you for a car loan, it means they’ve qualified you in advance for an auto loan based on a light review of your finances. Once you’ve selected your top choices, apply online.

4. Choose your loan offer

Consider the options you’ve been pre-approved for and decide on the offer you want to proceed with based on your budget and needs. To finalize approval, the lender will look at your documents to verify your identity and income.

5. Read your loan agreement before signing

Once you’ve received approval, read your loan contract with extra care. Note your APR, terms and your payment schedule. Make sure you agree with any charges you may incur for late or missed payments, early repayments and refinancing changes.

6. Receive your funding and buy your car

With your loan finalized, you’ll receive the funds to buy your car within 1-2 business days. Create a repayment plan, circle due dates on your calendar and make sure you stick to your loan’s terms and conditions.

What types of vehicles can you finance with a bad credit car loan?

Nova Scotians can finance nearly any vehicle they want with bad credit car loans, including cars, SUVs, vans and trucks. The only limitations to your vehicle choices will depend on how large a loan amount you’re approved for, which typically maxes out at $50,000 for bad credit car loans. That means you could have access to a wide range of vehicles to suit your needs.

There are also no limits to the car brands you can finance with bad credit auto loans from online lenders or dealerships. If you get a loan through a branded dealership in Nova Scotia – at Hyundai or Chrysler, for example – you can shop any of that brand’s lineup. Again, you may not have access to some luxury brands depending on how large a loan you’re approved for.

Tips to get the best bad credit car loans in Nova Scotia

With the right strategy, Nova Scotians can secure the funding you need even with bad credit. Consider these steps before applying:

How to compare bad credit car loans in Nova Scotia

With a variety of lenders offering subprime car loans in Nova Scotia, take account of these factors to help you find the best option to suit your needs:


From the interest rate to extra fees and penalties you may incur, your job is to zero in on the true cost of your auto loan. The annual percentage rate (APR) represents the annual cost of having the loan, including both interest and fees. This is one of the most crucial determining factors to help you compare loans.

Loan terms

Loan terms usually run between 12 and 96 months. Shorter loan terms will help you get out of debt faster, but your monthly payments will be larger. A longer loan term equals smaller monthly payments with more time to accrue interest. Choose a lender with loan terms that work for your budget and timeframe.


Bad credit car loans often come with more fees than other types of car loans. Check on whether your lender charges administration fees, origination fees (a processing fee) or other penalties such as late fees or NSF fees.

Minimum and maximum loan amounts

If you’re buying a used car in Nova Scotia, you may need a loan amount that’s less than the minimum some lenders offer. Make sure the loan amount you need fits within the lender’s parameters.

Eligibility requirements

From a minimum credit score to a minimum monthly income, lenders in the bad credit space have specific eligibility criteria you must meet.

Repayment flexibility

Find a bad credit car loan lender in Nova Scotia that allows you to make extra payments or pay off your loan early without penalties.

Trade-ins and down payments

Some lenders and dealers allow you to trade in your current car for a new one or to use it for a down payment. If you have an old car that may be worth trading in, you could shift your focus to lenders that offer this option.

How much does a bad credit car loan cost in Nova Scotia?

The cost of a bad credit car loan in Nova Scotia depends on a few factors:

  • The interest rate you are approved for, typically between 9.90% to 29.99% for bad credit loans.
  • The loan term, which can be up to 96 months.
  • Any extra charges, such as taxes, loan origination fees, late payment penalties or administrative fees.
  • If you’re applying a trade-in or down payment to drive down the total amount owed.

For illustrative purposes, let’s say you live in Halifax and you’re looking to finance a used car. Here’s a glimpse of what your monthly payments could look like with a bad credit car loan compared to a conventional car loan.

We used the average used car price in the Atlantic region (according to the Price Index) as of April 2022 plus a $3,500 down payment and 15% HST tax.

Conventional car loan

  • Car price: $33,456
  • Down payment: $3,500
  • APR: 5.99%
  • Loan term: 72 months
  • Monthly payment: $579.46
  • Total interest paid: $6,746.84

Bad credit car loan

  • Car price: $33,456
  • Down payment: $3,500
  • APR: 12.99%
  • Loan term: 72 months
  • Monthly payment: $701.90
  • Total interest paid: $15,562.06

Bad credit car loan monthly payment calculator

Calculate how much you could expect to pay each month on your bad credit car loan in Nova Scotia
Your loan
Loan amount
Loan terms (in years)
Interest rate

Fill out the form and click on “Calculate” to see your estimated monthly payment.


Compare car loans now
You can expect to pay back $ per month
Based on your loan terms
Principal $
Interest $
Total Cost $

Compare bad credit car loans in Nova Scotia

1 - 3 of 3
Name Product Ratings APR Range Loan Amount Loan Term Broker Compliance Requirements Long Table Description
CarsFast Car Loans
Customer Survey:
3.90% - 29.90%
$500 - $75,000
12 - 96 months
CarsFast will connect you with a dealership near you to help you find the right financing.
Requirements: Min. income of $2,000 /month, 3+ months employed
Loans Canada Car Loans
Customer Survey:
0% - 46.96%
$500 - $50,000
3 - 60 months
Loans Canada is a loan search platform. Get matched with a suitable dealer based on your credit history and borrowing requirements.
Requirements: Min. income of $1,800 /month, 3+ months employed
Dealerhop Car Loans
Not yet rated
6.99% - 29.99%
$7,000 - No max.
12 - 96 months
Dealerhop matches you with a dealer partner to get you financing.
Requirements: Min. income of $2,000 /month, 3+ months employed

Bottom line

Don’t panic if you’re having trouble securing a car loan due to your bad credit. There are lenders providing subprime car loans in Nova Scotia. Shop around and compare factors, such as interest rates, loan terms, extra fees and repayment flexibility, before deciding on the choice that best suits your needs.

Ultimately, a bad credit car loan can be just the ticket to help you get the keys to your new car and aid in rebuilding your credit.

Frequently asked questions about bad credit car loans in Nova Scotia

More guides on Finder

Go to site