Study in Canada
Education loan for Canada
Canada offers a wide mix of universities and colleges. Work and immigration rules change, so check current guidance.
- Rates
- from 8.5% p.a.
- Loan amount
- up to ₹1.5 Cr
- Tenure
- up to 15 years
- Intakes
- Sep, Jan
Loan options for Canada
Two ways to fund your studies. You can compare both before you apply.
Without collateral
Up to ₹75 lakh
Offered by public banks, private banks and NBFCs
- Based on your university, course and co-applicant income
- No property or deposit needed
- Higher rates than secured loans
With collateral
Up to ₹1.5 Cr
Offered by public banks, private banks and NBFCs
- Residential property, commercial property or a fixed deposit as security
- Larger amounts at lower rates
- Tenure up to 15 years
Indicative. Final amount, rate and tenure depend on the lender's review.
What it costs to study in Canada
Typical ranges. Check your university's cost of attendance for the exact figure.
- Tuition
- CAD 22,000 – 40,000 / yr
- Living costs
- CAD 12,000 – 16,000 / yr
What lenders check
Your university and course
Lenders rate your university and course. A higher-ranked university can unlock unsecured loans and better rates.
Co-applicant income
Usually a parent, sibling or spouse. Their income and credit history drive the amount and rate.
Credit history
Lenders check the CIBIL score of both the student and the co-applicant.
Your admit and costs
The admit letter and the cost of attendance set the loan amount you can ask for.
Why students pick Canada
Post-graduation work permit
Some programs may qualify for post-graduation work permits. Check current official guidance.
Immigration planning
Permanent residence rules depend on your course, work history, and current policy.
Budget check
Tuition and living costs vary by province, city, college, and course.
Popular courses
Common programs Indian students explore for Canada.
- MS Computer Science
- MS Data Analytics
- MEng
- MBA
- MS Business Analytics
- PG Diploma
Canada education loan FAQs
Can I get an education loan for Canada without collateral?
Yes. Public banks, private banks and NBFCs offer unsecured loans for Canada, up to ₹75 lakh. Approval depends on your university, course and co-applicant income.
How much education loan can I get for Canada?
Unsecured loans go up to ₹75 lakh. With property or a fixed deposit as security, loans go up to ₹1.5 Cr. The final amount depends on your costs and the lender's review.
What is the interest rate on an education loan for Canada?
Rates start from 8.5% p.a. Loans with collateral usually get lower rates than unsecured loans. Your final rate depends on your profile and the lender.
How long can I take to repay?
Lenders offer tenures of up to 15 years. Most let repayment start after your course ends, with a grace period.
When should I apply for a Canada education loan?
Apply once you have an admit, so the sanction letter is ready for your visa. Main intakes for Canada are Sep, Jan.
Ready to check options for Canada?
Quick check. No documents to start.