Education Loan for Study in Canada

Education Loan for Study in Canada

Blog Article

Another important aspect of education loans for Canada is the repayment structure. The repayment usually begins 6–12 months after course completion or when the student gains employment. The tenure can range from 5 to 15 years depending on the loan amount and repayment capacity. Some banks offer partial interest repayment options during the study period, while others provide full moratoriums. It is advisable for students to understand the EMI structure, prepayment charges, and penalties to manage their finances effectively after graduation.