Education Loan for Study in Canada

Education Loan for Study in Canada

Blog Article

Eligibility for education loans depends on several factors such as academic performance, the course applied for, the university’s reputation, and the applicant's financial background. Lenders usually require a co-applicant or guarantor, especially in the case of large loan amounts. The co-applicant is typically a parent or guardian who ensures repayment in case the student fails to do so. Lenders may also ask for collateral, such as property or fixed deposits, particularly for loans above a certain threshold.