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

More than 800 participants have benefitted from attending our #webinars that feature industry experts.

Sign up for our next webinar for ... skilled newcomers interested in banking careers! Register now at https://www.eventbrite.ca/e/164046227683?aff=socialmedia

#WelcomingWeek2021 @CitImmCanada

Career Loans has helped empower skilled newcomers return to their desired careers. This includes providing more than 5000 website visitors ... with helpful information from our curated content library.

Become a member at https://www.careerloans.ca

#WelcomingWeek2021 @CitImmCanada

Career Loans has helped empower skilled #newcomers to return to their desired careers. This includes guiding more than 60 #healthcare ... professionals on their way to making an impact in #Canada.

Learn more at https://www.careerloans.ca

#WelcomingWeek2021 @CitImmCanada

New to Canada? Don’t get stuck in a Survival Job!

Join us🎫for #WelcomingWeek2021🤝and learn how to break into the career of YOUR ... CHOICE🚀

Join us on Sept 17 & find out how Career Loans can help!

Register on Eventbrite or watch on Facebook Live!
https://www.eventbrite.ca/e/171492648127

Since our program began in 2019, Career Loans has helped empower newcomers by distributing more than $500,000 through our micro loan ... services. We hope to continue helping newcomers achieve their career goals!

#WelcomingWeek2021 #Career #Newcomer #Canada @CitImmCanada

Load More...






Latest Video

More
No Videos found.

Blog

Subscribe
News item image

Canadian Finance Occupations In Demand

Financial professionals are crucial for keeping businesses operating smoothly. This is true especially after the global pandemic has affected many …

Read more
News item image

Understanding New Labour Realities – Oct 14, 2021 @ 12 PM CST

October 14, 2021, at 12 PM CST / MT

Click here to register now!

Join us for a free webinar about what newcomer professionals need to know to …

Read more
News item image

5 Reasons to Pursue a Finance Career

There are plenty of great reasons why newcomers should consider a finance career in Canada. Some of the benefits of working in finance include a …

Read more
News item image

4 Ways to Pay for Your Continued Education

Many skilled newcomers often consider continued education. One reason for this is because newcomers are unable to return to their desired careers. …

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.