Fund your Canadian education with loans from 15+ Indian banks & NBFCs. Starting at 8.00% p.a. — includes GIC support, study-permit-ready sanction letters, and disbursal in as little as 7 days.
Our expert advisors compare 15+ lenders and get you the best rate — free, no obligation, callback within 30 minutes.
Studying in Canada is increasingly affordable compared to the USA or UK, yet offers world-class universities, post-study work rights (PGWP), and a clear pathway to permanent residency. A two-year PG program typically costs ₹25–60 Lakhs including tuition, living, GIC, and airfare.
One unique requirement for Canada is the Guaranteed Investment Certificate (GIC) — a mandatory deposit of approximately CAD 20,635 (₹12–13 Lakhs) required for the student visa. EduLoanHub ensures your loan covers the GIC amount so you don't need to arrange funds separately.
Canada's IRCC requires most international students to deposit CAD 20,635 (~₹12–13 Lakhs) as a GIC through an approved Canadian financial institution (e.g., CIBC, Scotiabank). This amount is returned to you in instalments after you arrive in Canada. Many Indian banks include the GIC amount within the education loan — so you don't need to arrange this separately. EduLoanHub will confirm this with your selected lender.
Loan amounts are based on the total Cost of Attendance as per your university's official estimate and IRCC requirements. Your loan can cover:
Compare secured and unsecured rates from India's top lenders for Canadian studies. EduLoanHub negotiates on your behalf to secure the best available rate.
5+ more lenders available
View all rates →| Feature | Secured Loan | Unsecured Loan |
|---|---|---|
| Interest rate | Lower — 9.00% to 11.50% | Higher — 10.75% to 15.00% |
| Loan amount | Up to ₹1.5 Crore | Typically ₹40L – ₹75L |
| Collateral required | Yes — property, FD, or LIC | No collateral needed |
| Processing time | 10–15 working days | 5–10 working days |
| Best for | Larger programs — MBA, MS top universities, multi-year PG | Faster approvals, DLI-listed colleges & universities |
Lenders evaluate eligibility based on the student's academic merit, the institution type (DLI), co-applicant income, and collateral availability.
Indian citizen with a Letter of Acceptance (LOA) from a IRCC-approved Designated Learning Institution (DLI) in Canada. Minimum 60% in qualifying exam preferred.
Parent, spouse, or guardian with stable salaried or self-employed income. CIBIL score of 700+ for the co-applicant is strongly recommended for smooth approval.
Top Canadian universities (UofT, UBC, McGill, Waterloo) unlock higher unsecured loan amounts. Community colleges and private career colleges may require collateral.
Residential or commercial property, fixed deposits, or LIC policy. Providing collateral significantly increases the loan amount and lowers the interest rate.
MS, MBA, BBA, PG Diploma, UG — all eligible. Post-Graduate Work Permit (PGWP) eligibility of your program also positively influences lender decisions.
You do not need the study permit before applying for the loan. The sanction letter is used as proof of financial support in your study permit application to IRCC.
EduLoanHub provides a personalised document checklist based on your lender and profile — and offers doorstep pickup anywhere in Surat.
Apply to Canadian universities or colleges listed on IRCC's Designated Learning Institutions list. Your LOA is the primary document banks require to begin processing.
Fill the form on this page or call us. Our advisor will shortlist the best lender for your institution, loan amount, GIC requirement, co-applicant income, and collateral situation.
We provide a personalised checklist covering all lender and GIC-related documents. Doorstep pickup available across Surat. We submit your complete file to the selected lender.
On sanction, you receive the loan sanction letter — used as proof of funds for your IRCC study permit application. We also guide you through transferring the GIC amount to a Canadian institution (CIBC, Scotiabank, etc.).
Once your study permit is approved, funds are disbursed semester-wise — directly to your DLI for tuition and to your account for living expenses. Average disbursal: 7–10 working days from sanction.
Not all banks treat community colleges and universities equally. We match you with the lender whose policy best fits your specific DLI and province.
We ensure the GIC amount (CAD 20,635) is factored into your loan. No need to arrange ₹12–13 Lakhs separately for the study permit deposit.
We guide you on using the sanction letter for your IRCC study permit application — including how to present financial documents to the visa officer.
Approaching your program intake? We flag urgent files with bank partners and have expedited cases to sanction in under 7 days.
We understand Canada's Post-Graduate Work Permit and PR pathways — and advise you on structuring repayment around your PGWP employment plans.
From LOA to loan sanction to GIC transfer to study permit — we stay with you at every step, and continue through repayment after graduation.
"I was confused about the GIC requirement for Canada — EduLoanHub explained that it gets included in the loan itself. Axis Bank, ₹35L including GIC, sanctioned in 8 days. Study permit came through with the sanction letter. Brilliant service."
"My MBA at Schulich needed ₹55L. EduLoanHub got me Union Bank secured at 9.5% — far better than anything I found on my own. GIC was sorted in the same loan. Couldn't be smoother."
"First time applicant for Canada, had no idea about DLI, GIC, IRCC — the EduLoanHub team explained everything step by step. ₹38L for UBC, doorstep document pickup, ICICI Bank approved in 10 days."
"I had a tight deadline — 3 weeks to my study permit application. EduLoanHub fast-tracked my SBI file and got the sanction letter in time. I'm now at University of Waterloo — living the dream!"
Yes. All major Indian banks — SBI, ICICI, Axis, Union Bank, Bank of Baroda — and NBFCs offer education loans for studying in Canada. Amounts range from ₹7.5 Lakhs to ₹1.5 Crore depending on your profile and collateral.
Yes, most banks allow the GIC amount (CAD 20,635 ≈ ₹12–13 Lakhs) to be included within the education loan. This means you do not need to arrange separate funds for the GIC deposit. EduLoanHub will confirm this with your selected lender and guide you through the GIC transfer process.
No. You only need a Letter of Acceptance (LOA) from a IRCC-approved Designated Learning Institution (DLI). The loan sanction letter you receive is then used as financial proof in your study permit application to IRCC — no separate funds need to be shown.
Rates range from 8.00% to 13.50% p.a. as of June 2026. Secured loans attract lower rates (9%–11.5%) and higher amounts. Unsecured loans are typically 10.75%–15%. EduLoanHub compares all options to find the best available rate for your profile. View live rates →
With collateral, most banks offer up to ₹1.5 Crore. Unsecured loans typically go up to ₹40–75 Lakhs depending on the lender, institution, and co-applicant income. EduLoanHub assesses your profile to maximise the loan amount available to you.
Yes. Repayment begins after the moratorium period (course duration + 6 months) and can be made from abroad via wire transfer or NRE account. EMIs can be spread over 10–15 years. Many students repay conveniently from their PGWP salaries. EduLoanHub helps you plan repayment around your Canadian employment timeline.
Yes. Under Section 80E of India's Income Tax Act, the full interest paid on education loans is deductible — with no upper limit — for up to 8 consecutive assessment years. This benefit applies regardless of the country of study, including Canada.
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