Find The Best Abroad
Education Loans In The Canada
NBFCs
3 days loan processing time
Quick Approvals
Secured Loan
Upto ₹2CrProcessing Fees
0.75% - 1.5%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes9 days loan processing time
Secured Loan
NAProcessing Fees
0.75% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes3 days loan processing time
Quick Approvals
Secured Loan
Upto ₹2CrProcessing Fees
0.75% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes5 days loan processing time
Quick Approvals
Secured Loan
Upto ₹2CrProcessing Fees
1.0% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes1 day loan processing time
Quick Approvals
Secured Loan
Upto ₹1CrProcessing Fees
1.0% - 1.5%Margin
NALoan Tenure
Upto 12 YearsEarly Repayment
NoLiving Cost
NoInternational Funds
4 days loan processing time
Quick Approvals
Secured Loan
Upto $10,000Processing Fees
NAMargin
NALoan Tenure
Upto 10 YearsEarly Repayment
YesLiving Cost
Yes5 days loan processing time
Quick Approvals
Secured Loan
No Upper LimitProcessing Fees
NAMargin
NALoan Tenure
Upto 20 YearsEarly Repayment
YesLiving Cost
YesPrivate Bank
5 days loan processing time
Quick Approvals
Secured Loan
Upto ₹2CrProcessing Fees
0.5% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes7 days loan processing time
Secured Loan
Upto ₹3CrProcessing Fees
0.25% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes8 days loan processing time
Secured Loan
Upto ₹2CrProcessing Fees
0.5% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes7 days loan processing time
Secured Loan
Upto ₹2CrProcessing Fees
0.5% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
NoLiving Cost
YesPSU
9 days loan processing time
Secured Loan
Upto ₹2CrProcessing Fees
NAMargin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes9 days loan processing time
Secured Loan
Upto ₹75LacProcessing Fees
NAMargin
15%Loan Tenure
Upto 15 YearsEarly Repayment
NoLiving Cost
YesWhat our Students say about us
Study Loan for Canada
Canada stands among the top five study-abroad countries around the world. It has become the first choice for international students due to the excellent quality of education, the open and tolerant society, and the variety of opportunities available. The country is home to some of the world's best universities, making it a primary hub for international students. As an overseas student, IRCC (Immigration, Refugees and Citizenship Canada) assume that students will pay for their education on their own while living in Canada.
Although, with their own money and the help of their family, students might be able to pay only a portion of the entire cost of attending a university in Canada. Low-interest Canadian student loans are available at many banks and non-banking organisations in India to aid students in paying the other portion of their expenses. This makes it simpler for students to accomplish their goal of studying abroad. Over the years, the procedure to apply for a student loan in Canada has improved immensely, making it easier for students to obtain Canada student loans.
Eligibility Criteria Of an education loan for Canada
There are several distinct aspects when taking Canadian student loans. The first step in obtaining an education loan is determining a student's loan eligibility. It is critical to review the requirements once students have decided to apply for a loan. To be qualified for an education loan in Canada in India, the following conditions must be met:
Looking forFaster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Documents Required For Canada student loan
UniCreds offers students a list of various documents required to complete their education loan procedure. All the documents are based on the student's profile and the profile of their co-applicant, and any property or asset they may give as collateral. However, below are some of the documents that international students must have in order to secure Canadian student loans.
Cost To Study Abroad In Canada
Canada is a highly affordable place to study when compared to many other countries. For tuition, you'll probably need between C$20,000 - C$30,000 each year. This range is simply an average and will change depending on the university and programme you are enrolled in. Depending on your region and personal needs, the price of accommodation, food, and other living expenditures may vary, but C$15,000 per year is a common estimate.
Things that the international student loan Canada Cover
This is one of the most crucial criteria to make when applying for Canadian student loans. To find the student loan that best meets your needs, it is always a good idea to do your research thoroughly. Since different Canadian student loans cover different charges, always confirm with the bank about the other costs that are covered under the loan. The following are a few of the costs:
Types Of Canadian Student Loans Available To Study Abroad
There are two types of Canadian student loans. Each loan varies based on the type of security the student promises.
Secured Education Loans For Canada: Candidates for these private student loans in Canada must pledge specified types of assets as collateral security for their college loans. Government or public banks are some of India's largest lenders of secured international student loans Canada. For individuals wishing to borrow a student loan to study in Canada, secured loans are one of the most advantageous education loan schemes.
Unsecured Education Loans For Canada: Candidates for unsecured education loan for Canada or non-collateral education loans for Canada are not required to put up any security. The majority of unsecured education loans are provided by private, non-banking organisations known as NBFCs (Non-Banking Finance Companies). These loans are typically taken out by students who do not have any assets that may be used as collateral.
Looking forFaster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Tips For Choosing The Best education loan for Canada study
Every student has access to a variety of educational loans from hundreds of lenders. Students frequently struggle to decide which loan to get when presented with a variety of options. Finding the ideal loan could be a difficult task. Therefore, researching early will help you avoid the challenges you might encounter when requesting a student loan in Canada. Here are some other suggestions to make the procedure simpler:
Why Choose UniCreds?
UniCreds makes securing abraod education loans easier than any other platform. Here are a few reasons why UniCreds is the best choice for a student loan in Canada:
Top Universities In Canada & Their Rankings
Below are the best universities in Canada on the Times Higher Education’s World University Rankings 2023
Canada Rank 2023 | World University Rank 2023 | University |
1 | 18 | University of Toronto |
2 | 40 | University of British Columbia |
3 | 46 | McGill University |
4 | 85 | McMaster University |
5 | 111 | University of Montreal |
6 | 118 | University of Alberta |
7 | =137 | University of Ottawa |
Popular Courses To Study In Canada
Canada is renowned for its exceptional education system, which consistently places high in international rankings. It's no surprise that many international students choose Canada as their preferred destination for higher education. In addition to its world-class education standards, Canada's flexible immigration policies, excellent quality of life, and diverse employment opportunities make it an attractive option for studying abroad. If you're considering Canada for your education, here are some of the most popular and in-demand courses to explore.
- Business & Management Studies
- Hospitality & Leisure Management
- Engineering
- Medicine
- Accounting & Finance
- Computer Science
- Media & Journalism
- Nursing
Top Loan Providers For Study Loan In Canada
There are some of the top loan providers in Canada that offer secured and unsecured education loans. We have listed a few examples below along with their parameters.
Education Loan In Canada With Collateral
Features | Private Banks | NBFCs |
Lenders | Axis Bank, ICICI Bank | Avanse, Incred |
Processing Fees (INR) | No fee if the loan amount is less than INR 20 Lakhs. If it is more, INR 750 is applicable on each Lakh above 20 Lakhs. | 1-2% of the loan amount |
Education Loan In Canada Without Collateral
Features | Private Banks | NBFCs | International Lenders |
Lenders | Axis Bank, ICICI Bank | Avanse, Incred | MPower |
Processing Fees (INR) | No fee if the loan amount is less than INR 20 Lakhs. If it is more, INR 750 is applicable on each Lakh above 20 Lakhs. | 1%-2% of the total loan amount | 5% |
Student Visa Requirements For Canada
When applying for a student visa to Canada, applicants must provide the following documents:
- Offer letter from a Designated Learning Institute
- Valid passport
- Proof of sufficient funds (at least CAD 10,000)
- Bank statements, educational loan documents, funding confirmation letter, or proof of scholarship
- Two passport-sized photos
- Certificate of Medical Examination
- Proof of English Proficiency (IELTS, TOEFL, etc.)
- Statement of Purpose explaining the choice of institution and course.
Frequently Asked Questions