financing Archives - Prep Doctors Education

Prep Doctors X Windmill Microlending: Introduce “Cost+ ZERO Financing”

In a groundbreaking partnership, Prep Doctors and Windmill Microlending are proud to introduce “Cost+ ZERO Financing,” a revolutionary loan product designed to support internationally-trained dentists in covering the costs of obtaining a Canadian license. This innovative loan option will be accessible to candidates enrolled in Prep Doctors, offering them an affordable and reliable repayment plan in the face of rising interest rates.

 

Addressing the Healthcare Professional Shortage in Canada:

 

Canada is facing a projected shortage of approximately 5,000 dentists by 2028, as per the Canadian Occupational Projection System (COPS). For foreign-trained applicants, the process of obtaining a dental license in Canada can be both financially and temporally burdensome, involving multiple examinations over several years and a limited number of available exam seats. “Cost+ ZERO Financing” aims to alleviate this burden by providing accessible and dependable financial support throughout the accreditation process.

 

Zero Interest-Free Advancement for International Students:

 

The term “zero” signifies an interest-free advancement, offering much-needed relief to international candidates who may face challenges accessing loans with interest rates, not to mention the cost of living in Canada. This product will provide vital support to cover the expenses of NDECC preparation courses and exams, easing the strain on students’ cash flows. Borrowers will gradually repay Windmill the original amount borrowed along with a fee.

 

A Powerful Collaboration to Empower Dentists:

 

Prep Doctors, a trusted leader in dental training and support services since 2011, has been instrumental in helping over 7,000 dentists acquire their licenses. Co-Founder and CEO, Firas Abu Saleh, highlighted the organization’s commitment to providing programs for all under-represented groups. He expressed deep gratitude to Windmill’s leadership team for their vision and dedication to investing in this unique opportunity. Abu Saleh looks forward to the partnership continuing to assist their candidates in achieving success in their careers in Canada.

 

Enabling Dentists to Pursue their Canadian Dreams:

 

Claudia Hepburn, CEO at Windmill Microlending, expressed concern over the barriers faced by numerous internationally-trained dentists in restarting their careers in dentistry due to the high costs of preparatory courses and licensing exams. Through the exciting collaboration with Prep Doctors, Claudia Hepburn hopes that “Cost+ ZERO Financing” will empower more dentists to afford the expenses of Canadian accreditation and enable them to utilize their skills in Canada.

 

Recognized by The Globe and Mail:

 

The launch of “Cost+ ZERO Financing” has garnered widespread recognition, with The Globe and Mail covering the initiative in a recent article. [Read the article here.]

 

About Prep Doctors:

 

Prep Doctors is the leading dental training and support services provider, preparing foreign-trained dentists to obtain licenses to practice dentistry in Canada. Through first-class preparatory courses targeting the required National Dental Examining Board of Canada (NDEB) exams, as well as Continuing Education courses for professional development, Prep Doctors equips all dentists with the skills they need to excel and maintain their licenses.

 

About Windmill Microlending:

 

Windmill Microlending is dedicated to reducing poverty, inequity, and labor shortages by providing affordable loans to help skilled immigrants and refugees put their talents to work in Canada. Since its founding in 2005, Windmill Microlending has delivered over 9,000 loans to new Canadians, helping them triple their incomes on average and transform their potential into prosperity.

 

Together, Prep Doctors and Windmill Microlending are making a significant impact in addressing the healthcare talent shortage and creating opportunities for dentists to thrive in their careers in Canada. We are committed to empowering dreams and building a brighter future for skilled professionals in the healthcare industry.

Claudia Hepburn, CEO at Windmill Microlending (left) and Firas Abu Saleh, Co-Founder and CEO at Prep Doctors (right)

 

A NEW Era for ACJ Preparation

In May our Chief Learning Officer, Dr. Marwan Al Rayes sat down with ACJ instructors Dr. Khalid Ariam and Dr. Thulfiqar Al-Rubaye to talk about the future of ACJ training at Prep Doctors. Dr. Marwan also announced some significant new financing options that will be available to Prep Doctors trainees at the ACJ stage and beyond.

You can find the full webinar recording below but here is a summary of some of the important announcements and course updates.

The NEW way to prepare for ACJ 

  • The ACJ course is now expanded to cover at least 5 months for extensive practice and to cover all bases.
  • The next course starts on June 19, 2023, and ends on November 14, 2023.
  • We are adding new lectures for Pediatric dentistry, Preventative dentistry, Restorative dentistry, Oral surgery, trauma, and TMJ.
  • You will also have access to Live Practice Sessions on these topics and more.
  • The course now includes live lectures covering all topics, on-demand recorded lectures, practice sessions with homework prerequisites, 600+ radiographs covered, continuous trainee tracking & one-on-one consultation, quizzes with discussions, weekly mock exams and discussions, and 4 full mock exams and discussions.
  • Access for up to 18 months until you pass the exam. *

NEW financial support

  • Introducing a new zero-interest ACJ payment plan which can be used over 18 months at approx. 177/month + HST.
  • As a Prep Doctors ACJ trainee, you will have access to up to $30,000 at ZERO percent interest for NDECC exam preparations. This comes with a payment plan that is also up to 18 months.

 

*Disclaimer: If you have already registered/transferred to our ACJ course starting in September, we have automatically included you in the course starting in June. If you are unable to attend the live lectures starting in June, you can start attending the course whenever it’s convenient for you as the lectures will be available for online replay.

To learn more about our revamped ACJ course and new financial support available, call our customer service team at +1 855-397-7737.

Ready to register for the upcoming ACJ course? Learn more about the course and sign up here.

How to Finance the NDEB Process in 2023

Now that you’ve decided to take on Canada’s dental equivalency process and achieve your dream of becoming a dentist in Canada, you are faced with another major question: how do I pay for the exams and courses I will need to pass? And it’s not as if the NDEB process is cheap. The direct and related costs can mount up to a significant investment — albeit an investment that has the potential to pay off with great rewards. So, if you are wondering what options you have, here is an exhaustive list we have compiled to help you figure out how to finance your NDEB process in 2023.

1) FCR Loans Programs

Foreign Credential Recognition or FDR loan programs are funded by the government. The interest rate on these loans varies, but it is usually around prime + 1% to 2%. FCR loans provide a line of credit of up to $15,000 and are paid back like normal loans. In the list below, you will find some FCR Loans programs and consultants we have worked with in the past to help finance your NDEB journey. If you are not eligible for the programs listed below, we recommend visiting immigration information centres in your area and inquiring about local foreign loan credential programs for financing.

Basic requirements to qualify:

NDEB registration approval
PR / Approved Refugee / Canadian Citizenship
Study Plan

Our recommended programs:

Achēv
Contact: Ruwaida Al-Kubaisi (Career & Training Counsellor)
Foreign Credential Recognition Loans Program
50 Burnhamthorpe Rd W #300, Mississauga, ON L5B 3C2
Email: ral-kubaisi@tcet.com
Phone: (647) 394- 5978

Access Community Capital Fund
401 Richmond St. W, Suite 375, Toronto, ON, M5V 3A8
Email: info@accessccf.com
Phone: (416) 462-0496

Progressive Intercultural Community Services Society (PICS)
Surrey Head Office: #205 12725 80th Avenue, Surrey, BC, V3W 3A6
Phone: (604) 596-7722

Immigrant Services Society of British Columbia
2610 Victoria Dr. Vancouver, BC V5N 4L2
info@issbc.org
(604) 684-2561

Welland Heritage Council and Multicultural Center
26 East Main St. Welland, ON L3B 3W3
Toll-Free: 1 (888)-764-9041
info@wellandheritagecouncil.com

The Learning Enrichment Foundation
116 Industry Street M6M 4L8, Toronto, Ontario, Canada
(416) 769-0830

 

2) Charitable organizations supporting internationally trained dentists (ITDs)

Featured in this section are charitable organizations like Windmill Microlending. This Canada-wide non-profit offers affordable loans of up to $15,000 to help skilled immigrants and refugees pay for the costs of accreditation, qualifying exams, education, training, professional association fees, and even the cost of living and child care while you study. Windmill is supported by the Government of Canada and financial institutions across the country.

About Windmill Microlending

For internationally trained dentists (ITDs) located in any part of Canada, Windmill can provide low-interest loans to help you pay for the costs associated with your licensure process. Not to mention, 2023 brings with it a new lower interest rate.

As of January 1, 2023, Windmill Microlending is offering all new loans at a fixed interest rate of 5.95% for the entire loan duration. This is a great opportunity for all international dentists to get the cheapest financing option since OSAP and a student line of credit.

They are partners with CIBC offering a variable rate loan of up to $100,000 CAD specifically customized for ITDs on their journey to get accredited in Canada. Just registering with the NDEB will get you access to $25,000 CAD with Windmill Microlending. After completing AFK, you will have access to a further $10,000 CAD, and once you have cleared ACJ, another $50,000 CAD is available (all from CIBC). That could be a huge help for the financial challenges that the NDECC® exam will bring. Once your NDEB equivalency process is complete, you will have another $15,000 CAD to help you prepare for the Virtual OSCE® exam and any other costs you might encounter as you enter the Canadian dental job market.  Learn more: https://windmillmicrolending.org/cibc/.

Basic Eligibility:

To be eligible for a Windmill microloan, you must:

Be internationally trained or have a minimum of one year of post-secondary work experience before coming to Canada.

Currently be living in Canada as a Permanent Resident, Provincial Nominee, Canadian Citizen, Protected Person, or Convention Refugee.

Contact: info@teamwindmill.org
1 (855)-423-2262 (Toll-free from anywhere in Canada)

Or visit: www.windmillmicrolending.org

 

Servus-Bredin Microloans

The Servus-Bredin Microloans program provides loans of up to $15,000 to finance and support internationally educated professionals to continue, restart or advance their careers in Canada. The microloans can be used for:

Exam fees and licensing cost
Professional fees and skills upgrading
Books, laptop, study materials and work equipment
Education and training programs of two years or less
English language training as a pre-requisite for your studies

Key Features:

An interest of Prime + 1.5%
Build credit history in Canada
Available to clients across Alberta
A manageable repayment period of up to four years with no penalty for an early payment
Applicants must have a licensure/education plan
Repayment for approved loans is 45-days after the loan is issued
The maximum amount available for each applicant is $15,000. If applicants also have microloans from other programs, the total amount borrowed from all the programs together cannot be more than $15,000. If applicants pay back their first microloan, they may be eligible for another through the program.

Basic Eligibility:

Have the right to live and work in Canada
Be a resident of Alberta
Have professional-level education or training obtained outside of Canada
Have sufficient income or resources to make repayments on the microloan

Contact: Sahar Ghanem at Sahar.ghanem@bredin.caor you may submit a form on their website here.

 

3) Private Banks – CIBC’s ITD Banking Bundle

This loan provides a line of credit of up to $100,000 in intervals and bundles it with some attractive offers. As mentioned above, CIBC is now in partnership with Windmill Microlending, meaning that if you haven’t cleared the AFK exam, you would need to start with Windmill. After completing AFK, you will be able to apply for this much larger loan that will help you complete the process.

Basic requirements to qualify:
NDEB registration approval
Permanent Residency / Canadian Citizenship
650 or above credit score
Study plan

 


 

Sign up for our finance newsletter to get a list of CIBC’s national advisors.

How to Finance Canadian Dental Equivalency in 2022

Now that you’ve decided to take on Canada’s dental equivalency process and achieve your dream of becoming a dentist in Canada, you are faced with another major question: how do I pay for the exams and courses I will need to pass? And it’s not as if the NDEB process is cheap, the direct and related costs can mount up to a significant investment — albeit an investment that has the potential to pay off with great rewards. So, if you are wondering what options you have, here is an exhaustive list we have compiled to help you figure out how to finance your NDEB dental equivalency process in 2022.

 

1) FCR Loans Programs

Foreign Credential Recognition or FDR loan programs are funded by the government. The interest rate on these loans varies but it is usually around prime + 1% to 2%. FCR loans provide a line of credit of up to $15,000 and are paid back like normal loans. In the list below, you will find some FCR Loans programs and consultants we have worked with within the past. If you are not eligible for the programs listed below, we recommend visiting immigration information centres in your area and inquiring about local foreign loan credential programs.

Basic requirements to qualify:

NDEB registration approval
PR / Approved Refugee / Canadian Citizenship
Study Plan

Our recommended programs:

Achēv
Contact: Ruwaida Al-Kubaisi (Career & Training Counsellor)
Foreign Credential Recognition Loans Program
50 Burnhamthorpe Rd W #300, Mississauga, ON L5B 3C2
Email: ral-kubaisi@tcet.com
Phone: (647) 394- 5978

Access Community Capital Fund
401 Richmond St. W, Suite 375, Toronto, ON, M5V 3A8
Email: info@accessccf.com
Phone: (416) 462-0496

Progressive Intercultural Community Services Society (PICS)
Surrey Head Office: #205 12725 80th Avenue, Surrey, BC, V3W 3A6
Phone: (604) 596-7722

Immigrant Services Society of British Columbia
2610 Victoria Dr. Vancouver, BC V5N 4L2
info@issbc.org
(604) 684-2561

Welland Heritage Council and Multicultural Center
26 East Main St. Welland, ON L3B 3W3
Toll-Free: 1 (888)-764-9041
info@wellandheritagecouncil.com

The Learning Enrichment Foundation
116 Industry Street M6M 4L8, Toronto, Ontario, Canada
(416) 769-0830

 

2) Charitable organizations supporting internationally trained dentists (ITDs)

Featured in this section are charitable organizations like Windmill Microlending, a Canada-wide non-profit that offers affordable loans of up to $15,000 to help skilled immigrants and refugees pay for the costs of accreditation, qualifying exams, education, training, professional association fees, even cost of living and child care while you study. Windmill is supported by the Government of Canada and financial institutions across the country.

About Windmill Microlending

For internationally trained dentists (ITDs) located in any part of Canada, Windmill can provide low-interest loans to help you pay for the costs associated with your licensure process.

They are partners with CIBC offering a variable rate loan specifically customized for ITDs on their journey to get accredited in Canada. Learn more: https://windmillmicrolending.org/cibc/

Basic Eligibility:

To be eligible for a Windmill microloan, you must:

Be an immigrant and a Permanent Resident, Protected Person, Convention Refugee, Provincial Nominee, Canadian Citizen or Temporary Foreign Worker with an open work permit*.

Be an internationally trained individual requiring licensing, re-training, or relocation to achieve your career goals.

Have landed in Canada.

Not have an undischarged bankruptcy.

Contact: info@teamwindmill.org
1 (855)-423-2262 (Toll-free from anywhere in Canada)

Or visit: www.windmillmicrolending.org

 

Servus-Bredin Microloans

The Servus-Bredin Microloans program provides loans of up to $15,000 to support internationally educated professionals to continue, restart or advance their careers in Canada. The microloans can be used for:

Exam fees and licensing cost
Professional fees and skills upgrading
Books, laptop, study materials and work equipment
Education and training programs of two years or less
English language training as a pre-requisite for your studies

Key Features:

An interest of Prime + 1.5%
Build credit history in Canada
Available to clients across Alberta
A manageable repayment period of up to four years with no penalty for an early payment
Applicants must have a licensure/education plan
Repayment for approved loans is 45-days after the loan is issued
The maximum amount available for each applicant is $15,000. If applicants also have microloans from other programs, the total amount borrowed from all the programs together cannot be more than $15,000. If applicants pay back their first microloan, they may be eligible for another through the program.

Basic Eligibility:

Have the right to live and work in Canada
Be a resident of Alberta
Have professional-level education or training obtained outside of Canada
Have sufficient income or resources to make repayments on the microloan

Contact: Sahar Ghanem at Sahar.ghanem@bredin.ca or you may submit a form on their website here.

 

3) Private Banks – CIBC’s ITD Banking Bundle

This loan provides a line of credit of up to $100,000 in intervals and bundles it with some attractive offers. As mentioned above CIBC is now in partnership with Windmill Microlending, meaning that if you haven’t cleared the AFK exam you would need to start with Windmill. After completing AFK you will be able to apply for this much larger loan that will help you complete the process.

Basic requirements to qualify:
NDEB registration approval
Permanent Residency / Canadian Citizenship
650 or above credit score
Study plan

 


 

Sign up for our financing newsletter to get a list of CIBC’s national advisors.

Canada Training Credit – Are you Eligible?

Tax season is upon us. If you have taken a course with Prep Doctors in 2020, you may be eligible to receive up to CAD 250 through the Canada Training Credit (CTC).

CTC has been introduced by the Federal budget to help with the cost of training fees and can be claimed on your 2020 taxes. Here’s what you need to know.

What is the Canada Training Credit?

The Canada Training Credit is a refundable federal tax credit meant for Canadians and those with Permanent Residence (PR) who have invested in continuing education courses for professional development.

Are you eligible?

This credit is available for a certain amount of tuition paid for courses taken in 2020 at an eligible educational institution in respect of the year, making Prep Doctors courses eligible.

Remember, the CRA only gives benefits to citizens and residents who file their tax returns and your benefit eligibility will be based on the information you provide in your tax filings.

To learn more about the Canada Training Credit and how to apply, please visit the Government of Canada website.

Have any questions about Prep Doctors’ courses? Feel free to send us a message at feedback@prepdoctors.ca or on our Facebook page!

How to Finance Canadian Dental Equivalency in 2021

For our first Live session of 2021, our Prep Doctors Marketing Lead, Uthman Quick, got a chance to sit down with our in-house financial expert Ahmed Youssef, CIBC Business Development Manager Simon Belz and Sidney Coles Manager for Key Partnerships at Windmill Microlending to focus on the financing options available in 2021.

The panel shares some advice on managing credit in Canada and delves deeper into loan options available in 2021.

View the full discussion below:

We have listed some of the resources that we discussed during the session along with the contact details and website links. Please note that as our finance expert Ahmed Yossef said, the availability and approval of loans will vary for each candidate.

Financing Options – There are 3 main types of loans

1) FCR Loans Programs

Foreign Credential Recognition or FDR loan programs are funded by the government. The interest rate on these loans varies but it is usually around prime + 1% to 2%. FCR loans provide a line of credit of up to $15,000 and are paid back like normal loans. In the list below, you will find some FCR Loans programs and consultants we have worked with within the past. If you are not eligible for the programs listed below, we recommend visiting immigration information centres in your area and inquiring about local foreign loan credential programs.

Basic requirements to qualify:

NDEB registration approval
PR / Approved Refugee / Canadian Citizenship
Study Plan
List of FCR Loans Programs:

Our recommended programs:

Achēv
Contact: Ruwaida Al-Kubaisi (Career & Training Counsellor)
Foreign Credential Recognition Loans Program
50 Burnhamthorpe Rd W #300, Mississauga, ON L5B 3C2
Email: ral-kubaisi@tcet.com
Phone: (647) 394- 5978

Access Community Capital Fund
401 Richmond St. W, Suite 375, Toronto, ON, M5V 3A8
Email: info@accessccf.com
Phone: (416) 462-0496

Progressive Intercultural Community Services Society (PICS)
Surrey Head Office: #205 12725 80th Avenue, Surrey, BC, V3W 3A6
Phone: (604) 596-7722

Immigrant Services Society of British Columbia
2610 Victoria Dr. Vancouver, BC V5N 4L2
info@issbc.org
(604) 684-2561

Welland Heritage Council and Multicultural Center
26 East Main St. Welland, ON L3B 3W3
Toll-Free: 1-888-764-9041
info@wellandheritagecouncil.com

The Learning Enrichment Foundation
116 Industry Street M6M 4L8, Toronto, Ontario, Canada
(416) 769-0830

 

2) Govt Approved Private Lending Organizations

These loan programs are administered by private organizations and are partially funded by the government. The loans are up to $15,000 and the interest rate is usually prime + 1% to +2%. These loans are recommended for candidates who want to build credit and eligibility for future loans. Windmill Microlending (listed below) is also now partnering with CIBC and is the gateway into a loan once you complete the AFK exam.

Basic requirements to qualify:
NDEB registrations approval
PR / Approved Refugee / Canadian Citizenship
Study plan

Our recommended program:

Windmill Microlending
Contact: Sidney Coles, Manager, Key Partnerships
info@teamwindmill.org
(416) 360-4445 ext. 403

 

3) Private Banks – CIBC’s ITD Banking Bundle

This loan provides a line of credit of up to $100,000 in intervals and bundles it with some attractive offers. As mentioned above CIBC is now in partnership with Windmill Microlending, meaning that if you haven’t cleared the AFK exam you would need to start with Windmill. After completing AFK you will be able to apply for this much larger loan that will help you complete the process.

Basic requirements to qualify:
NDEB registration approval
Permanent Residency / Canadian Citizenship
650 or above credit score
Study plan

Sign up for our financing newsletter to get a list of CIBC’s national advisors.

Do you qualify for CESB with Prep Doctors?

In 2017, Prep Doctors was recognized by the Government of Canada as a certified educational institution. More recently, our institution was listed alongside private institutions allowing qualifying students to receive the Canada Emergency Student Benefit (CESB).

This status is important for Prep Doctors and its trainees and is born out of a lot of hard work by our team. To be clear, this benefit does not apply to every trainee – below you will find some of the eligibility criteria to help you determine if you can receive this benefit.

To be eligible for CESB you must meet the following criteria:

1) A Canadian Citizen, Permanent Resident, Registered Indian, or Protected Person

2) You are studying in Canada or abroad

3) One of the following applies to you:

– You are enrolled in a post-secondary educational program (at least 12 weeks long in duration) that leads to a degree, diploma, or certificate

– You completed or ended your post-secondary studies in December 2019 or later

– You completed or expect to complete high school, or received, or expect to receive your high school equivalency in 2020, and have applied for a post-secondary educational program that starts before February 1, 2021

The following is a list of ongoing/upcoming programs at Prep Doctors that are at least 12 weeks:

AFK Course Cycle 1 (Ongoing)
AFK Course Cycle 2 (Planned start Aug 2020)
AFK Review Package (Planned start June 2020)
ACJ Course Cycle 1 (Ongoing)
ACJ Course Cycle 2 (Planned start Aug 2020)
ACS Course Cycle 1 (Ongoing)
ACS Course Cycle 2 (Planned start July 2020)

*Please note that you cannot apply for the CESB if you already applied for the CERB or EI

To see the full list of up-to-date eligibility criteria please visit: https://www.canada.ca/en/revenue-agency/services/benefits/emergency-student-benefit/cesb-who-apply.html

Before applying, we urge you to ensure you are eligible for the benefit and seek professional advice where necessary if you have any questions that relate to requirements.

For all general information please about the Canada Emergency Student benefit please visit: https://www.canada.ca/en/revenue-agency/services/benefits/emergency-student-benefit.html

If you have any further questions, please feel free to contact us at feedback@prepdoctors.ca or on our Facebook page.

3 Ways to Finance for Dental Equivalency

Read our latest article about new financing options in 2021 here 

Canada’s dental equivalency process is a huge opportunity for foreign-trained dentists to make a life in Canada practicing the occupation they love. Dentistry being one of the highest paying professions in Canada, a dentist is most certainly going to have a lucrative career once they successfully complete the dental equivalency process. However, this opportunity comes with a few challenges including the financial costs involved in completing this process. 

While estimating the costs involved, an internationally-trained dentist needs to consider several factors. The first one being the exam costs and registration fees which amount to anywhere between $10k to $15K CAD. Following the exam fees, one needs to consider the fees for training courses, practice and equipment costs. Adding these to the basic living expenses for yourself and your family, the costs continue to add up. 

With an investment that can easily go up from $60k to $75K CAD depending on the number of attempts one needs to pass the exams, it is not very surprising to see dentists with excellent educational credentials and years of dental work experience choosing alternate routes like dental hygiene or dental assistance. These choices not only slow down the pace of your dental career in Canada but may result in a huge missed opportunity. 

At Prep Doctors, we recognize these challenges and have taken a number of steps to try to make financial information more accessible. For the past year and a half, we’ve been working with micro-lending initiatives to start focusing on foreign-trained dentists. More recently we’ve been in talks with a number of financial institutions – encouraging them to build offers that are catered to Internationally Trained Dentists (ITDs). The culmination of these efforts is the recent ITD Banking Bundle from CIBC which is exclusively for trainees who are either Canadian Permanent Residents (PR) or Canadian Citizens. If you haven’t received your PR yet and are on another visa status, don’t lose hope – as we have some options for you too. 

Here are the main three types of financing opportunities available: 

1) FCR Loans Programs

Foreign Credential Recognition (FDR) loan programs are funded by the government. The interest rate on these loans varies but it is usually around prime + 1% to 2%. FCR loans provide a line of credit of up to $15,000 CAD and are paid back like normal loans. Subscribe to our email list, to find a list of FCR Loans programs and consultants we have worked within the past. 

2) Govt. Approved Private Lending Organizations   

These loan programs are administered by private organizations and are partially funded by the government. The loans are up to $15,000 CAD and the interest rate is usually prime + 1% to +2%. These loans are recommended for candidates who want to build credit and eligibility for future loans. Subscribe to our email list for a list of Govt approved private lending organizations and their loan application requirements.

3) Private Banks – CIBC’s ITD Banking Bundle

This loan is a new and very welcome addition to the options available to dental equivalency candidates. The loan provides a line of credit of up to $100,000 CAD and bundles it with some attractive offers including a free-of-charge bank account and a visa credit card with a $10,000 CAD spending limit. The interest rate is the lowest among all the options mentioned above at a prime minus 0.25. This program is in its very initial stages, so please confirm with the bank managers about any changes or updates. Subscribe to our email list for contact details and the list of requirements for this loan.

 

If you choose to receive detailed information about specific institutions administering the loans, including the application requirements, points of contact, etc, please enter your contact details by clicking on the link below and we will send you an email with a detailed breakdown of all the information.

Click here to join our financing newsletter and get all the details mentioned above.

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