Financial Assistance for Canada Study Visa

Obtain Canada Study Visa with C$11,000

Studying in Canada can be a financially daunting prospect, especially for those with limited resources. The typical tuition fee for a 2-year program in Canada is around $40,000, and students are often required to deposit $20,635 in a Guaranteed Investment Certificate (GIC) before applying for a visa from countries like India. However, paying over $40,000 upfront, with the risk of visa refusal, may not be feasible for many families.

Our Offer

Balram's Immigration Consultancy has developed an offer to minimize the risk of loss and ease the financial burden for students. Under our offer, students can pay only $11,000 and apply for a study visa from outside Canada.

Financing Option

We arrange a loan for the balance amount (usually around $30,000) from a Canadian institution. This loan must be repaid in monthly installments over 7 years, with an interest rate of approximately 11.90% per annum. Interest only starts after the applicant lands in Canada and commences studies.

School and Work Permit

Students will be admitted to a public school and will be eligible for a 3-year work permit after completing their studies.

Funding Structure

The approved loan amount is around $30,000, and with the $11,000 paid by the student upfront, the total covers 1-year tuition fee and 1-year living expenses (equivalent to $20,600). After starting the program, students can expect to receive $1,700-$1,800 per month. Monthly loan payments are approximately $800, leaving the student with $1,000 per month for living expenses.

Financial Risk in Case of Visa Refusal

In the event of a visa refusal, the financial loss can be significant in regular pathway. 

If a student has paid 1-year tuition fee (approximately $20,000) and the GIC amount before visa, a visa denial can lead to substantial forex losses. Banks typically charge a 3 to 4% premium over forex exchange for transferring funds to Canada and when refunding fees back to the home country. This could result in a forex exchange loss of around $2,600 to $3,200 on a refund of $40,000, in addition to a non-refundable GIC account opening fee of $200.

Through our offer, you only pay $11,000 before visa. The financial loss can be as low as $1,000 in case of a visa refusal.

Loan can be Request For Tuition Fee of 2-Years

Students may also request a loan for the entire two years of tuition fees, potentially up to $60,000. This option can be discussed with the student.

For more information on our study visa offer for Canada, please contact us.

Contact Us

Why Choose this Path?

Less Financial Burden

Instead of the full $40,000 payment before the visa, the applicant is only required to pay $11,000.

Minimum Financial Risk

Rather than facing a potential loss of $3,000 under the general SDS pathway, the financial risk can be reduced to as low as $1,000 if the visa is not approved.

Pay Loan in 7 Years

The loan can be repaid in monthly installments over a period of up to 7 years.

Payments start when the study program begins in Canada.

No Pre-payment Fee

There are no prepayment charges if the applicant chooses to repay the entire loan before the end of the term.

Study at Top Public School

We will secure your admission in a top public school in Toronto, enhancing your chances of visa approval.

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