NEWCOMER SUPPORT PROGRAM
NEWCOMER VEHICLE FINANCING CANADA
New to Canada? Your potential matters more than your credit history. Yes Auto Canada's specialized newcomer program connects you with lenders who approve financing based on your income and residency status — no Canadian credit history required. We work with 30+ lenders including Canada's Big 5 banks, all of whom have dedicated newcomer financing programs ready for you.
NO CANADIAN CREDIT REQUIRED
Our lender network includes Canada's major banks and non-prime specialists — all with programs built specifically for newcomers with no Canadian credit history.
ALL RESIDENCY TYPES WELCOME
Permanent residents, temporary foreign workers, and work permit holders are all eligible to apply. Requirements vary by lender.
BUILD CREDIT FROM DAY ONE
Your first Canadian auto loan is also your first step toward establishing a strong credit profile. Every on-time payment counts.
WHO THIS IS FOR
Moving to a new country is one of the biggest steps you'll ever take. Getting around shouldn't make it harder. Whether you arrived last month or last year, Yes Auto Canada connects you with lenders who understand your situation and offer financing programs designed specifically for newcomers to Canada.
PERMANENT RESIDENTS
Recently received your PR card? You qualify for newcomer financing programs through multiple lenders in our network, including Canada's Big 5 banks.
TEMPORARY FOREIGN WORKER
Holding a valid work permit with Canadian employment income? Many lenders in our network will approve you based on your job stability and income.
NEW ARRIVALS
Most newcomer lending programs are available to those who have been in Canada for five years or less. The sooner you apply, the sooner you start building your credit history.
INTERNATIONAL STUDENTS
Studying in Canada with proof of enrollment and income? Certain lenders in our network have programs available for international students. Requirements vary by lender.
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APPROVAL CHECKLIST FOR NEWCOMERS
The documents below help lenders verify your eligibility and income. Having these ready before you apply speeds up the process significantly.
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PROOF OF STATUS
Valid PR card, work permit, or study permit confirming your legal eligibility to live and work in Canada.
EMPLOYMENT VERIFICATION
Your two most recent pay stubs or an official employment letter confirming your current Canadian position and salary.
VALID DRIVER'S LICENSE
A valid provincial Canadian driver's license or a recognized international license with an associated translation.
BANK STATEMENTS
Your most recent three months of Canadian bank statements to verify financial stability and residency timeline.
OUR LENDER NETWORK
We work with 30+ Canadian lenders spanning prime, non-prime, and in-house financing — including TD Canada Trust, RBC Royal Bank, Scotiabank, CIBC, iA Auto Finance, Rifco, Santander, AutoCapital Canada, and more. One application connects you to the right lender for your situation.
THREE SIMPLE STEPS, THAT'S IT.
01
APPLY ONLINE IN 2 MINUTES
Complete our secure online form. We only ask for what we need. No obligation, and submitting your inquiry does not trigger a hard credit pull on our end.
02
A SPECIALIST REVIEWS YOUR FILE
Your application is assigned to a Yes Auto Canada specialist who manually reviews your file. With no Canadian credit history to assess, we focus on your income, employment status, and residency to identify the best available options across our lender network.
03
GET APPROVED AND GET DRIVING
Your specialist walks you through your options and next steps. Most applicants receive a response within 24 hours. In many cases, we're in touch the same business day.
COMMON QUESTIONS
Can I get a car loan in Canada with no Canadian credit history?
Yes. Many lenders in our network — including Canada's Big 5 banks — have dedicated newcomer financing programs that approve applicants based on income and residency status rather than Canadian credit history.
Will applying affect my credit score?
Submitting an inquiry with Yes Auto does not trigger a hard credit pull on our end. However, once we match you with a dealer partner, that dealer or their lending institutions may perform a hard inquiry as part of the formal approval process.
What residency documents do I need?
A valid PR card, work permit, or study permit is required to confirm your legal status in Canada. Requirements vary by lender — your specialist will advise you on exactly what applies to your file.
How long do I have to be in Canada to qualify?
Most newcomer lending programs are available within your first five years of arriving in Canada. The sooner you apply, the more options are available to you.
Will my car loan help me build Canadian credit?
Yes. Lenders in our network report payments to Canada's major credit bureaus — Equifax and TransUnion. Consistent on-time payments are one of the fastest ways to establish a strong Canadian credit score.
Do I need a down payment as a newcomer?
Most approvals through Yes Auto Canada require no down payment. Some lenders may request one depending on your specific residency status and income profile. Your specialist will advise you.