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Study in Canada
Education loan rates for Canada
Secured and unsecured loan options from our lending partners for Indian students heading to Canada. Verified rates as of 2025–26.
11+Lending Partners
9.25%Secured from
10.25%Unsecured from
With Collateral
Secured loans for Canada
These loans require property or FD as collateral but offer the lowest interest rates. Margin money is the portion of the cost you must pay yourself.
| Lender | Max Loan Amount | Rate of Interest | Margin Money |
|---|---|---|---|
| SBI | Up to ₹1.5 Cr | 9.65% (girls) / 10.15% (boys) | 10% |
| Union Bank of India | Up to ₹1.5 Cr | 9.25% - 10.5% | 10% (listed) / 15% (non-listed) |
Without Collateral
Unsecured loans for Canada
No property needed — approval is based on your academic profile and co-applicant income. Faster processing but slightly higher rates.
| Lender | Max Loan Amount | Rate of Interest | Margin Money |
|---|---|---|---|
| Axis Bank | Up to ₹40 Lakh | Starting at 11% | 5% |
| ICICI Bank | Up to ₹40 Lakh | 10.85% - 15.5% | 0 - 15% |
| IDFC First Bank | Up to ₹75 Lakh | 11% - 12.25% | Nil |
| Credila | Up to ₹50 Lakh | 10.25% - 12.75% | Nil |
| Auxilo | Up to ₹40 Lakh | 10.5% - 13% | Nil |
| Incred | Up to ₹40 Lakh | 11.65% - 13.5% | Nil |
| Avanse | Up to ₹40 Lakh | 12% - 13.25% | Nil |
| MPOWER Finance | Up to USD 1,00,000 | 12.99% (graduate) / 13.99% (undergraduate) | Nil |
| Prodigy Finance | Up to USD 1,00,000 | 12% - 14% | 15 - 30% of expenses |
Rates shown are indicative as of 2025–26 and subject to change. Actual rate depends on your profile, university, and lender assessment. Confirm with the lender or our counsellors before applying.
Planning to study in Canada?
Tell us your university and loan amount — we'll match you to the right lender and get you the best rate your profile qualifies for.
Check My Eligibility Estimate My EMIVisa Guide
Canadian Study Permit
- 1Get your Letter of Acceptance from a DLI (Designated Learning Institution)
- 2Apply online via IRCC portal — fill IMM 1294 form
- 3Pay application fee (~CAD 150)
- 4Provide financial proof — tuition + CAD 10,000 living costs per year
- 5Biometrics at a VAC (Visa Application Centre) in India
- 6Processing time: 4–8 weeks; apply early
Loan + Visa together: Your loan sanction letter is a key financial document for the visa application. We coordinate both processes so you're not chasing two things at once. Learn about our visa support →
Top Universities
Where our students go
University of TorontoMcGill UniversityUniversity of British ColumbiaUniversity of WaterlooMcMaster UniversityUniversity of AlbertaSimon Fraser University
Average tuition: CAD 20,000–40,000/year. Living costs: CAD 12,000–18,000/year.
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