{"id":452,"date":"2019-09-05T17:54:11","date_gmt":"2019-09-05T12:24:11","guid":{"rendered":"https:\/\/admission.buddy4study.com\/study-abroad\/?p=452"},"modified":"2019-12-13T19:05:31","modified_gmt":"2019-12-13T13:35:31","slug":"study-loan-for-canada","status":"publish","type":"post","link":"https:\/\/admission.buddy4study.com\/study-abroad\/study-loan-for-canada","title":{"rendered":"Study Loan for Canada – Know about Loan Providers"},"content":{"rendered":"

Study Loan for Canada<\/b>? Canada fares as a second alternative for many students who wish to study in the US. Education in Canada is comparatively more synchronized to the Indian curriculum as compared to any other country. Students who wish to <\/span>study in Canada<\/b> can find multiple options of undergraduate, postgraduate and doctoral courses at top-ranking universities like the University of Toronto, University of British Columbia and The University of Western Ontario. 17 out of the top 500 Global QS ranking universities are situated in Canada.<\/a><\/span><\/p>\n

Study Loan for Canada – Scope of Expenses<\/b><\/h2>\n

The general <\/span>cost to study in Canada<\/b>, includes expenses for tuition fees, accommodation, visa and insurance. An average Indian student has to spend close to CAD 65000 or ?33 Lakhs (approx.) per year. To finance the cost of studies in Canada, Indian students have numerous student loan options but not many international student loan providers. The recent changes in the Canadian visa application process also obligate Indians to show proof of funds to study in Canada. <\/span>Indian Education Loans<\/b> to Study in Canada<\/b> cover all such conditions. Here we are providing you with complete information about Study Loan for Canada, including Loan for GIC Canada, pre-visa student loans, and more.<\/span><\/p>\n

ALSO READ: <\/b>COST OF LIVING IN CANADA FOR INTERNATIONAL STUDENTS<\/b><\/a><\/p>\n

Study Loan for Canada – Cost to Study in Canada?<\/b><\/h2>\n

Cost calculations for study in Canada start with visa application cost and the mandatory proof of funds for Canadian education. Under the latest Student Direct Stream Program (SDS), every international student has to submit proof of funds for at least one year of education in Canada. This is done by depositing CAD 10000 plus service charges towards the <\/span>?Guaranteed Investment Certificate? (GIC)<\/b>. Another way to give proof of funds for studies in Canada is to show a liquid asset volume of CAD 10000 (or equivalent) in the applicant?s personal bank account. Some Indian banks offer a loan for GIC Canada, while most Non-Banking Financial Corporations provide this service.<\/span><\/p>\n

Average tuition fees in Canada for undergraduate courses fall close to CAD 30000 per annum, while master?s courses could go as high as CAD 45000. Education loans to study in Canada cover a maximum of 80% of these expenses. Living expenses in Canada for Indian students fall between CAD 6000 per annum to CAD 15000 per annum. Not all International Scholarships for Indians to study in Canada cover 100% student expenses. The total cost of study in Canada for Indian students, thus, equates to almost ?60 Lakhs for graduation or post-graduation courses. Education Loans for Study Abroad in India are well equipped to cover these expenses at convenient interest rates and repayment conditions.<\/span><\/p>\n

Note:<\/i><\/b> Students can also choose to show funds equivalent to CAD 10000 in their loan account and get a student visa to study in Canada. Canadian Government recommends GIC as it provides returns on investments which can be withdrawn on a monthly basis.<\/span><\/i><\/p>\n

ALSO READ: <\/b>HOW TO WORK WHILE STUDYING IN CANADA? ? BENEFITS AND OPPORTUNITIES<\/b><\/a><\/p>\n

Study Loan for Canada ? Main Details<\/b><\/h2>\n

It is often seen that students find it comparatively easier to secure <\/span>admissions for international study<\/span> in countries like USA, Singapore, Ireland, Canada etc. But the education loan process has not been that easy in recent times. However, to get a student loan for Canada in India applicants don?t need to put up with as many hassles as any other study abroad loan would require. International Private Student Loan lenders do service study in Canada requests from Indians. This makes it easier for students to select their banking partner for their Canadian higher education. Here is a brief list of key special factors to consider for Canada Student Loans.<\/span><\/p>\n