Affordable fixed-rate loans for immigrants
Newcomers to Canada often feel financial pressure, especially now at a time of high inflation and rising costs of living.
What prevents immigrants and refugees from pursuing their Canadian dreams? In most cases, it is the high cost of tuition.
It takes money to pay for education or certification. Licensing processes or continuing education courses in Canada cost anywhere from $1,500 CAD to $150,000 CAD. The amount depends on qualifying exams, length of training, books or equipment needed.
Many unskilled immigrants and refugees may feel uncomfortable in Canada because of financial instability. Windmill Microlending offers the option of a 5.95% fixed-rate, term loan.
This rate is available through June 30, 2023, but can be extended at Windmill's discretion. In addition to the loan, immigrants can use the app:
- Make a plan to achieve your career goals;
- Get tools for financial planning and budgeting;
- Have access to a financial mindset mentoring program.
Canadian charity Windmill Microlending financially supports newcomers by allowing them to pay for education, certification, professional development, training, and living expenses while studying.
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