Grad Vehicle Loan Rebate

Newfoundland and Labrador Credit Union (NLCU) provides graduating students a head start on the road to their career.

Graduating students may qualify for a vehicle loan rebate of 2.5% or, if they have a chequing account and a direct deposit with NLCU, they may qualify for a 3% rebate.* The Grad Vehicle loan Rebate is available to anyone who has graduated from an accredited post-secondary institution within 24 months of applying for the vehicle loan.



  • Get 2.5% - 3% cash back rebate to a maximum of $1,500
  • Flexible repayment schedules and loan insurance
  • No penalties for extra payments
  • No down payment required
  • No cap on the amount of your loan
  • Up to a 8 years to repay your loan

*Rebates are provided to a maximum of $1,500.

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