Education Loan for Study in Canada

Education Loan for Study in Canada

Blog Article

Canadian institutions often provide the Letter of Acceptance (LOA) only after verifying the student’s financial preparedness, which makes early education loan approval critical. For Indian students applying under the Student Direct Stream (SDS) visa program, showing a Guaranteed Investment Certificate (GIC) of CAD 10,000 and full tuition payment for the first year is mandatory. An education loan can help students meet these financial requirements and demonstrate proof of funds during the copyright process. Therefore, timely loan disbursement is not only beneficial but essential for a smooth admission and visa process.