Frequently Asked Questions – FAQ’s – Career Loans
Internationally trained and looking to get back in your field? We can help! Register Now

Frequently Asked Questions – FAQ’s

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  submitting an online application form. Our counsellors will review you application in order to determine your eligibility for the program. 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

PrepCan-Online Newcomer Information Centre is coordinated and funded by:

Centre for Education & Training Mississauga logo Immigration, Refugees and Citizenship Canada logo

careerloans logo

Career Loans provides career counselling and micro loans to Internationally Trained Individuals in regulated and non-regulated occupations and trades, who are looking to return to their chosen profession.



SSL
Funded By:
logo-ESDC
Coordinated By:

logo tcet


Financial Partner:

logo HSBC

Privacy Policy

Terms of Use

Twitter

Are you interested in a tech career?

Check out our blog to learn about some of Canada's in-demand tech jobs. Visit our website to learn ... how!

https://careerloans.ca/exploring-career-it-sector/

#blog #techjobs #techcareers #newcomers

#FinancialLiteracy is a skill that is important to everyone! Hear from Philip Wilkins at @CrdtCounselSoc as he shares some advice for ... #newcomers in this free-to-watch #webinar!

https://careerloans.ca/flfcn

#FLM2021 #Canada @FCACan

Join us on December 8 as we speak with Charles Osuji (@OsujiandSmith).

We will talk about how #newcomers can find career success and hear ... about Charles' journey from a newcomer to a successful lawyer.

You don't want to miss this #webinar!

https://www.eventbrite.ca/e/198599024027?aff=socialmedia

We're pleased to collaborate with @marina_esiri for a YouTube Live session on Nov 27! Swing by to join the conversation and learn how ... #newcomers can receive the support they need to achieve #career success.

Subscribe to Marina's on YouTube!
https://www.youtube.com/c/MARINAESIRI

Just because your income isn't stable doesn't mean that you can't plan for the future! Visit our #blog to learn more about managing ... uncertain income.

https://careerloans.ca/how-to-manage-an-uncertain-income/

#FinancialLiteracy #FLM2021 #PersonalFinance #Budget #Newcomers @FCACan

Load More...






Latest Video

More
No Videos found.

Blog

Subscribe
News item image

Goal Setting for Your Career in Canada – Jan 19 @ 12 PM MT

January 19 2022, at 12 PM MT / 1 PM CST

Click here to register now!

Join us for a webinar that will highlight how newcomers can achieve career …

Read more
News item image

Should Newcomers Volunteer? – Dec 10, 2021 @ 11:30 AM MT

Friday, December 10, 2021, at 11:30 AM MT

Follow Career Loans on Facebook to get notified when we go live!

 

Join us on Facebook Live …

Read more
News item image

Achieving Career Success as a Newcomer in Canada – Dec 8 @ 12 PM MT / 1 PM CST

December 8 2021, at 12 PM MT / 1 PM CST

Click here to register now!

How can newcomers find career success in Canada?
Join us for a …

Read more
News item image

Exploring a Career in the I.T. Sector

Information Technology (I.T.) is quickly becoming one of the world’s most important job industries. Modern technology continues to improve and make …

Read more

PrepCan-Online Newcomer Information Centre is coordinated and funded by:

Centre for Education & Training Mississauga logo Immigration, Refugees and Citizenship Canada logo

COVID-19 NOTICE

All Career Loans virtual services will continue during this time; our hours of operation remain the same at 8:30AM – 4:30PM (MT) from Monday to Friday. Please contact us if you require assistance outside of these hours.

Skip to content