What are the steps to obtain a student loan for studying in Canada?
Obtaining an education loan for Canada is an easy process. However, managing multiple lenders individually can be challenging, which is why GyanDhan offers assistance in obtaining an education loan for studying in Canada through the following simple steps:
Step 1: Begin your loan application by assessing your abroad education loan eligibility through GyanDhan.
Step 2: Upon completing the eligibility application form, you will be connected with an education loan expert from GyanDhan. The loan expert will guide you through the loan application process, providing details about the preferred lenders based on your requirements and application.
Step 3: Based on the specific requirements of the lender, you will receive a customized document checklist that outlines all the necessary documents and potential alternatives for easier arrangement.
Step 4: Depending on the lender’s guidelines, you will be instructed to submit the documents either in hard copy (collected by a relationship officer) or soft copy (uploaded on the portal).
Step 5: Once the documents are submitted, the verification process will commence, typically taking 7-15 days depending on the lender and loan type. Upon loan approval, you will receive an agreement letter for review and signing. The GyanDhan user dashboard allows you to monitor the real-time progress of your loan application.
Step 6: After signing the agreement, you can initiate the disbursement process at your convenience, adhering to the lender’s standard procedures.
It is important to ensure that you have explored all the options of the lenders by comparing them with each other based on different factors before starting your abroad education loan for Canada. With GyanDhan, you can skip all the hurdles by simply contacting us. You can get the benefit from our streamlined education loan process and free help in getting education loans to study in Canada. Our expert education loan counselor will discuss the loan options available to you after understanding your academic and financial profile. We work in partnership with several lenders in the market, including government banks, private banks, and NBFCs. Contact GyanDhan and you will not have to worry about your abroad education loan process.