Among many international study destinations, Canada is one of the major and the best destination for Nepali Students. Many students choose to study in Canada from Nepal due to its quality education system, welcoming environment, and post-study work opportunities. It has become a global platform of education with its world-class institutions and multicultural environment, providing international students with exposure to a global learning environment.
Why Study in Canada?
Here are the top benefits of Studying in Canada:
- World-Class Education: Canada has some of the best universities in the world, offering internationally renowned education to students.
- Affordable Tuition Fees: Canada is a more affordable choice for international students studying abroad than other popular study locations like the USA and the UK because of its relatively affordable tuition rates.
- Post-Graduation Work Opportunities: After completing their studies in Canada, students can apply for a Post-Graduation Work Permit (PGWP), allowing them to work in Canada to gain valuable work experience.
- Multicultural Environment: Canada is known for having an inclusive and diverse society. Students can be exposed to a diverse and rich environment which broadens their perspective.
- Safe and Welcoming Atmosphere: Canada is considered one of the safest countries for international students with a safe, friendly and welcoming environment.
- High-Quality Research Opportunities: Canadian universities are known for their high-quality deep research and innovation with cutting-edge research across
Financial Challenges of Study in Canada
Even though there are many advantages of studying in Canada, many students may find the cost of education to be a major obstacle. With the cost of living, tuition, and other educational expenditures, getting enough financial assistance is essential. This is where education loans come into the play, giving students the money they need to pay for these costs and excel in their academic careers.
Why Global IME Bank for Your Canada Study Journey
Global IME Bank helps students going to Canada to study regarding finances and funding through its education loan.
- Competitive Interest Rate: Get the best competitive interest rates to lower the financing burden for your study abroad journey.
- Flexible Repayment Options: Choose flexible repayment options that fit your or your family’s income.
- Quality Customer Service: Trained staff are always available to support you on your study abroad journey regarding finances and funding.
- Quick Approval: Take benefit of the fast approval process which ensures timely access to funding.
- Minimal Documentation: Less documentation makes it easy and straightforward.
Eligibility Criteria for Education Loan
- Age: Nepali citizens aged 18 to 70 at the loan’s maturity.
- Joint Borrowers: Parents are the primary borrowers, with the student as a joint borrower.
- Educational Pursuit: Financing for students pursuing education abroad or within Nepal for studies above +2 level.
- Income Requirements: EMI/EQI should not exceed 50% of gross income or 80% of uncommitted income.
Documents Required for Education Loan
The following are the documents required to get the education loan for study in Canada from Global IME Bank:
- Loan Application Form: Fill complete loan application form.
- Income Proof: Salary certificate, contract agreement, rent contract, audited financial statements, or self-declared income.
- Personal Identification: Citizenship certificates, passport and visa copies along with passport size photos.
- Academic Records: Academic records and admission letters.
- Income Proof: Salary certificate, contract agreement, rent contract, audited financial statements, or self-declared income.
- Property and Financial Documents: Ownership certificates, blueprints, salary certificates, and coheir letters to secure the loan.
Turning Your Dream of Studying in Canada into Reality
Studying abroad in a country like Canada can be challenging in terms of finance. So, to ensure your goal of studying abroad, Global IME Bank provides the best education loan for studying in Canada from Nepal. With its affordable competitive interest rates and flexible tenure period, you can turn your dream of studying in Canada into reality.
Visit the nearest branch of Global IME Bank and start the process. If you have any queries and want to know something more, feel free to contact 01-5970600 for customer support.
