Foreign credential recognition loan
Restart your career in Canada.
Who it’s for
Newcomers and those who want to update their professional or trades qualifications to meet Canadian standards
Borrow
Up to $30,000
Best part
Cover costs for courses, certification, or living expenses while you attend school
Why get a foreign credential recognition loan?
Flexible payments
Borrow up to $30,000 with convenient monthly payments and special interest rates.
Inclusive approval
You’re more than your credit score. Get approved based on past employment experience in your previous country, current job offers, referrals, and the future potential of your field in Canada.
Covers all kinds of costs
Whether it’s to pursue education or to purchase equipment and tools, you can use this loan to help you reach your career goals.
Unlock your potential.
This loan can help a wide range of internationally trained professionals who want to get their credentials recognized in Canada. Some professions that can apply for this loan include, but aren’t limited to:
- Pharmacists
- Nurses
- Engineers
- Dentists
- Architects
- Teachers
Loan details.
$1,000
$30,0003
12 to 120 months, or until the end of our agreement with our community partners
Repay early without any pre-payment penalties
| Features | Details |
|---|---|
Interest rate | Vancity Prime1 +0%2 |
Minimum | $1,000 |
Maximum | $30,0003 |
Term length | 12 to 120 months, or until the end of our agreement with our community partners |
Payment flexibility | Repay early without any pre-payment penalties |
How to apply.
Register with one of our partners
To access this loan, you must be recommended by one of our community partners:
- Progressive Intercultural Community Services Society (PICS) Foreign Credential Recognition Program
- Immigration Services Society of BC (ISSofBC) Global Talent Loans
They will match you with a case manager who can work with you to create an education plan and help prepare required documents. They will also help you schedule a meeting with an account manager at Vancity.
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Leave the rest to us
In your application or appointment, we may ask for some additional documents. Once those are all in order, we’ll handle the rest.
Sign for your loan
If you’re an existing member, you can sign virtually. If you’re new, we’ll set up a time for you to visit a branch.
More to explore.
Banking for newcomers
Credit cards
The Vancity Prime rate represents a variable rate of interest announced by Vancity from time to time as its Prime Lending Rate and Prime rate for interest earned on select accounts. Rate subject to change without notice.
The annual percentage rate (APR) is compounded monthly, not in advance, APR assumes no fees or charges apply. If additional fees and/or charges apply, the total Cost of Credit and APR would increase. This product, its features and advertised interest rates may change at any time and may be withdrawn by Vancity at any time for any reason without prior notice to the member.
Applications and the amount you can borrow are subject to meeting Vancity’s usual credit criteria.