Education Loan for Study in Canada

Education Loan for Study in Canada

Blog Article

Interest rates on education loans for studying in Canada vary based on the lending institution and the applicant’s profile. Public sector banks tend to offer lower interest rates compared to private banks or NBFCs. Some banks provide interest subsidies or schemes under government initiatives. Repayment usually begins after a moratorium period, which includes the course duration plus a few months post-graduation. This period allows students time to find a job and begin repaying the loan.