Why Should You Choose Hexafin for an Education Loan for CANADA
Access to 70+ Banks & NBFCs
Instead of applying to one bank and hoping for approval, Hexafin connects you with multiple lenders like ICICI, Axis, Credila, Auxilo, IDFC FIRST, and more.
Competitive Interest Rates
Hexafin helps you compare lenders offering rates starting from around: ~8% – 10% (secured loans) ~9.5% – 13% (unsecured loans). You don’t settle for the first offer—you get the best deal available.
High Loan Amounts for Canada
Canada requires strong financial backing (tuition + GIC + living expenses). With Hexafin, you can access: Loans up to ₹2 Cr+ Up to 100% financing including tuition, travel, and living costs
Collateral-Free Loan Options
Don’t have property? No problem. Hexafin helps you get: Unsecured loans up to ₹1 Cr+ (depending on profile) Perfect for students applying to Canadian universities.
Pan-India network of branches
Enjoy multi-city co-borrower(s) and collateral acceptance.
Faster Processing & Approvals
With direct lender connections and experience, Hexafin ensures: Quick sanction timelines & Priority processing with partner banks
Proven Expertise & Trust
- 17+ years of financial experience
- 5+ lakh customers served
- Dedicated education loan specialists
Flexible Repayment Options
Moratorium: Course duration + grace period Tenure: Up to 15 years No prepayment charges (in many banks) Makes repayment stress-free after studies.
*This is subject to restrictions imposed under the Income Tax Act, 1961 and Budget 2025.
How to Apply for an Education Loan
Follow these 3 simple steps
Documents required for education loan 🇨🇦
- Student (Applicant)
- PAN Card & Aadhaar Card
- Passport (mandatory for Canada)
- Passport-size photographs
- Address proof
- Academic
- 10th, 12th Mark Sheets
- Graduation Mark Sheets / Degree Certificate
- Entrance exam scores (IELTS / TOEFL / GRE / GMAT if applicable)
- Resume (for PG courses)
- Admission
- Offer Letter / Admission Letter from Canadian university
- I-20 equivalent / LOA (Letter of Acceptance)
- Fee structure / tuition fee breakup
- Collateral (if applicable)
- Property papers (agreement, registry, valuation)
- FD / LIC / other security documents
- Expense & Funding
- Cost of study (tuition + living expenses)
- GIC proof (for Canada visa requirement)
- Proof of margin money (if any)
- Additional Documents
- Cost of study (tuition + living expenses)
- GIC proof (for Canada visa requirement)
- Proof of margin money (if any)
- Lender note: KYC, academic records, admission proof, income proof, bank statements, always keep originals handy.
- Financial (Co-Applicant)
- Salaried
- Last 3 salary slips
- Form 16 (last 1–2 years)
- ITR (last 1–2 years)
- 6 months bank statement
- Self-Employed
- Last 3 salary slips
- Form 16 (last 1–2 years)
- ITR (last 1–2 years)
- 6 months bank statement
Ready Set Apply
We recommend that students secure their education financing as early as possible. Doing so not only helps avoid cramming and surprises at the last minute but also helps you focus on your college applications.
The Benefits of starting the loan application process early
Know your loan eligibility in advance
Planning and preparation are key to avoiding last-minute surprises
Avoid last-minute delays
A hassle-free procedure that may help you secure admission on time.
Frequently Asked Questions
What are the benefits to study in Canada for Indian students?
Studying in Canada offers globally recognized education, affordable tuition fees, and excellent post-study work opportunities. Many Indian students due to job opportunity and easy PR pathways.
How long does it take to get an education loan approved?
Education loan approval usually takes a 7 to 15 days depending on documentation and lender processing. We at Hexafin committed to disburse education loan in 2 weeks.
What is the interest rate for an education loan to study abroad?
The lowest interest rate offered by Hexafin for Canadian university is 8.33%. Typically, rates start from competitive levels with flexible repayment options.
Can I get an education loan without collateral?
Yes, many banks and NBFCs offer education loans without collateral, especially for premium universities or candidates with strong academic profiles.
What are the Canada student visa requirements for Indian students?
To study in Canada, you need an admission letter, proof of funds (education loan or savings), valid passport, and other visa documents as per the Canada student visa process.
Not sure about Cost of study in Canada
Let Hexafin guide you step-by-step and get your loan approved faster.
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