🆕 No Credit History Car Loans for First-Time Buyers, Newcomers & Students

If you're new to Canada or applying for your first car loan, you may not have an established credit history yet—and that's okay.
At Peel Chrysler, we specialize in helping first-time buyers, international students, and newcomers get approved for
no credit car loans, without the barriers you'd typically face at traditional banks.

Who Are No Credit Loans For?

No credit history loans are designed for individuals who are financially stable but haven’t yet had the chance to build credit.
These loans are ideal for:

• Permanent Residents and landed immigrants
• Newcomers to Canada with a valid work or study permit
• International students studying in Ontario
• Young professionals or recent graduates applying for their first vehicle

What Makes Us Different?

At Peel Chrysler, we partner with lenders who understand that building credit takes time.
We focus on your current financial standing—not just your credit report.

• We accept a variety of income sources, including employment letters and student stipends
• Low down payment options available
• Fast approvals—many same-day!
• Supportive team that guides you every step of the way

What Documents Do You Need?

Getting approved is simpler than you think. To apply for a no credit history loan, bring:

• Valid government-issued ID or passport
• Proof of status (e.g., PR card, Study Permit IMM1208 or Work Permit IMM1442)
• Proof of income or employment letter
• Driver’s license (Canadian or eligible international license)

Start Building Your Credit the Smart Way

Financing or leasing a vehicle is one of the fastest ways to begin building your Canadian credit profile.
With on-time payments and responsible borrowing, you can grow your score and qualify for even better rates in the future.

Our team is here to help you start strong—with a vehicle and loan that fits your budget, goals, and lifestyle.

Get Started Today

Ready to take the first step? Apply online using our secure credit application,
or call us at 866-652-6197 to speak with a Newcomer Finance Specialist.

📍 Visit us in Port Credit, Mississauga – proudly serving newcomers across Toronto, Brampton, Oakville, and the entire GTA.

Peel Chrysler makes it easy for new Canadians and first-time buyers to get approved and drive away with confidence.