Canadian Rockies and turquoise lake — study in Canada

Education loans for studying in Canada

Canada combines affordable education, multicultural campuses, and clear post-graduation work permit routes. Lakshya International Edwise helps Indian students secure education loans covering tuition, living costs, and Canada GIC requirements.

Canada Education Loan

Get the best education loan to study in Canada with Lakshya International Edwise — transparent ROI, zero Lakshya service charge, and clear processing guidance.

Interest Rates
Starting from 8.25%
Service Charge
Free of cost
Margin Money
GIC + margin*
Processing Fee (PF)
Up to 50% off PF*

View loan types & checklists

*Indicative figures based on partner lender policies. Final ROI, margin money, and processing fees depend on the lender, profile, and university. Lakshya International Edwise charges zero service fee to students.

How it works

Your Canada education loan journey

Documents checklist, ROI guidance, processing fee support, and sanction follow the same clear path — tailored to your Canada admit.

Check Eligibility
7 minutes
Document Verification
Same day
Approval
73 hours
Disbursement
8 days
Fly Abroad
Success

Detailed guide

Types of Education Loans for Canada

Each loan type has its own information and document checklist. Select a type below — collateral, non-collateral, and non-cosigner options are never mixed into one generic list.

Independent funding

Study Abroad Without a Cosigner or Financial Guarantor

Selected international options may fund Canada without a guarantor for eligible schools; GIC and proof of funds still apply for the study permit.

At Lakshya International Edwise, we help students access Non-Cosigner Loan (without guarantee) options through trusted international and Indian lenders such as MPOWER, Prodigy Finance, Avanse Global, and selected partners.

With this option, students can pursue their dream education without requiring a parent, guardian, or relative to co-sign the loan. Your future is evaluated based on your education, career prospects, university, and course — not only your family's financial profile.

This is ideal for ambitious students with strong academic potential and admission to reputed universities who may not have a financially eligible co-applicant.

Non-Cosigner Loan (without guarantee) — Document Checklist

Documents required specifically for a Non-Cosigner Loan (without guarantee) for Canada. This list is not shared with other loan types.

Student documentsShow less

Passport and visa / admission offer letter
10th, 12th, and graduation mark sheets
Degree / provisional certificate
Entrance / language scores (IELTS, TOEFL, GRE, GMAT as applicable)
University fee structure and cost of attendance
Resume / CV and Statement of Purpose (if requested)

Identity & KYCRead more

Profile strengthenersRead more

Bank comparison

Compare lenders for Canada

Compare ROI, processing timelines, and collateral needs for popular lenders that fund Canada education loans.

Lender comparison

Compare banks for Canada education loans

Compare ROI, processing timelines, and collateral needs for popular lenders that fund Canada education loans.

Full partner directory

Education loan lender comparison for studying in Canada
Lender	ROI	Max loan	Approval	Collateral
SBIGovernment Banks	From 8.05%	Up to ₹1.5 Cr	7-10 days	Collateral mandatory
Bank of BarodaGovernment Banks	From 8.15%	Up to ₹1.5 Cr	7-10 days	Collateral mandatory
Union BankGovernment Banks	From 8.3%	Up to ₹1.5 Cr	7-12 days	Not mandatory
PNBGovernment Banks	From 8.4%	Up to ₹1.5 Cr	7-12 days	Collateral mandatory
Axis BankPrivate Banks	From 9.5%	Cost of education	3-5 days	Not mandatory
ICICI BankPrivate Banks	From 9.75%	Cost of education	3-5 days	Not mandatory
IDFC FirstPrivate Banks	From 9.9%	Cost of education	3-5 days	Not mandatory
YES BankPrivate Banks	From 10%	Cost of education	3-6 days	Not mandatory
CredilaNBFC Partners	From 10.25%	Up to ₹2 Cr	73 hours	Not mandatory
AvanseNBFC Partners	From 10.5%	Up to ₹2 Cr	73 hours	Not mandatory
AuxiloNBFC Partners	From 10.75%	Up to ₹1.5 Cr	3-5 days	Not mandatory
InCredNBFC Partners	From 11%	Up to ₹1 Cr	3-5 days	No collateral
Tata CapitalNBFC Partners	From 10.99%	Up to ₹75 L	3-6 days	No collateral
Prodigy FinanceInternational Lenders	From 9.5%	Up to full cost	5-8 days	No collateral
MPOWERInternational Lenders	From 9.99%	Up to $100K	5-8 days	No collateral
Avanse GlobalInternational Lenders	From 10.5%	Up to $85K	5-8 days	No collateral

Rates and limits are indicative and vary by profile, university, co-applicant income, and lender policy. Lakshya charges zero service fee to students.

Quick answer: funding study in Canada

Yes — Indian students can fund a Canada education with an overseas education loan that covers tuition, living expenses, and often the Guaranteed Investment Certificate (GIC) needed for a study permit. Lakshya International Edwise compares 20+ banks and NBFCs to match your profile with collateral, non-collateral, and Non-Cosigner Loan (without guarantee) options.

Why Fund with Lakshya International Edwise

PGWP eligibility
Safe cities
Co-op programs
PR-friendly pathways

Typical Cost of Study

CAD 18K - 35K/yr
Living: CAD 10K - 15K/yr

Visa Financial Requirements

Study permit with GIC/financial proof and biometrics.

Visa Type

Study Permit

Popular Universities

University of Toronto
Seneca College
Conestoga College

Career Outlook

Graduates can apply for PGWP and later permanent residency programs.

Loan guide

Canada education loan essentials

What Indian students should know before applying for an education loan for Canada.

1
Typical Canada funding needs include tuition (CAD 18K–35K/year), living costs, and GIC proof for many study-permit applications.
2
Collateral education loans can start from about 8.25% ROI, while non-collateral options usually need a financially strong co-applicant.
3
Lakshya also helps with Canada GIC setup so visa financial evidence and loan disbursement stay aligned.
4
Public colleges, universities, and many private institutions are evaluated case by case based on lender policy and course eligibility.
5
Processing for complete profiles is often started within about 73 hours, with lender approval timelines depending on documents and underwriting.

FAQ

Canada education loan FAQs

Common questions students ask before applying.

Can I get an education loan for Canada without property?

Yes. Non-collateral education loans are available through selected banks and NBFCs when a co-applicant has stable income. Eligibility depends on university, course, CIBIL, and financial documents.

Does the Canada education loan cover GIC?

Many lenders allow living and visa-related costs, including GIC, as part of the overall funding plan. Lakshya helps structure the loan so tuition, GIC, and living expenses are covered where the lender permits.

How is Lakshya International Edwise different for Canada loans?

Lakshya International Edwise evaluates your profile before applying, compares multiple lenders, and guides documentation for both the education loan and Canada study-permit financials.

Check your Canada education loan eligibility

Check your eligibility in under 7 minutes and get matched with the best lender for your profile.

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