Is the program free?
Registration is completely free, as well as the personalized financial and employment counselling you will receive from our experts. Career Loans is able to deliver this program free of charge due to the generous funding provided by the Employment and Social Development Canada (ESDC), a program under the Government of Canada.
Am I eligible for this program?
To be eligible for this program, you have to be a:
-Permanent Resident, Convention Refugee, or a Canadian Citizen who has been in Canada for less than ten years
-Resident of Alberta or Saskatchewan
-Internationally Trained Individuals in regulated and non-regulated occupations and trades, who are looking to return to their chosen profession.
How good does my English have to be for this program?
You need to have a Canadian Language Benchmark (CLB) level of minimum 5 to be eligible. To get your language level assessed, please contact your nearest government-funded language assessment centre.
If you do not have a CLB test result, you can do a free online self-assessment to get an idea of your current approximate language level: https://clb-osa.ca/home
If I don't apply for the loan, can I still register with Career Loans?
Yes, you can register to get access to our personalized one-on-one counselling and exclusive virtual resources, without having to apply for the loan.
Do I have to do the exact same job as before?
No, it it is not necessary to do the exact same position. You can pursue a parallel position in the same and/or related field or industry. For example, you could switch from being an architect to a city planner.
What is the amount of loan I can receive?
You may take a loan of minimum $1,500 and maximum $15,000.
How long do I have to pay back my loan?
You have up to four years to pay off your loan.
How does the application process work?
You will start off by doing the eligibility quiz. Once your eligibility is determined, you will submit your application form and send it for review by our counsellors. If you are approved, you will receive one-on-one counselling, and should you want to apply for a micro loan with our financial partner, you will be guided with your loan application.
Can I get the loan if I have already started my training?
Yes, you may still get the loan which can then be used to cover your costs for the remainder of your training. For example, if you are already in the first semester of your training, you can apply for a loan for your second semester.
What can this loan be used towards?
This loan can be used for:
- Credential Assessment and Accreditation
- Licensure Fees
- Membership Fees
- Exam Fees
- Training to get back in your desired occupation
- Union Fees
- Association Fees
- Material Fees (example books, equipment, etc.)
If you have further questions, please contact info@careerloans.ca
