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We always aim to offer you competitive interest rates on your Avanse Education loan. The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread.
Our current Base Rate is 13.15% (WEF 01.07.2022).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.
Avanse Financial Services Ltd. is authorized to disclose from time to time any information relating to the loan to any credit bureau (existing or future) approved by Government of India and Reserve Bank of India without any notice to the borrower. We are also authorized to make inquiries with the Credit Information Bureau of India (CIBIL) and get the applicants Credit Information Report. All Education loans are subject to approval and credit terms of Avanse Financial Services Ltd.
Canada is a huge country. Its landmass is second-largest in the world, after Russia, but most of the land is uninhabitable due to the extreme temperatures. The main education hubs are the provinces of Ontario, British Columbia and Quebec. Quebec is a French speaking province. It has recently become a major destination for Indian students pursuing higher education abroad. This is because Canada has some of the best options for staying back after graduation with a three-year work permit after graduation on offer as long as you graduate from an accredited institution.
While the top universities in Canada are expensive, there are good universities that offer the same degrees for much less, and graduating from them still allows a student to apply for the post-graduate work permit, and to secure jobs.
There are several Canadian universities that teach only in French; these are normally based in and around Quebec and offer students from French-speaking countries discounted fees. If you speak French as a first language, Quebec offers several benefits, and after graduation, as long as you have a job offer, you can receive permanent residency within two years.
There are three main universities in Canada:
University of Toronto
based in Ontario
based in Montreal
University of British Columbia
based in Vancouver
They consistently compete for the top spot in the rankings, and exchange places based on the subject, with Toronto being best at technology and engineering, and University of BC taking the top spot for psychology and economics.
At an Undergraduate level:
There is not much difference between the top universities in Canada, and, with a four-year degree, there is a great deal of flexibility to explore subjects. You do not declare your major until the end of your second year, and changing faculties is not difficult. That is to say, you could start by studying Arts, but change your mind and move to the Sciences if you want.
At a Postgraduate level:
It is slightly more restricted, given that a master’s degree is more specialised than a bachelor’s degree. But there is still a degree of flexibility in choosing electives.
There is a difference if you are studying business, however, since there is a work experience requirement to study an MBA in Canada. They require three years of post-graduation work experience, the GMAT/GRE and a four-year bachelor’s degree. To apply for an MBA with a three-year degree, you have to have done a year of master’s study or have completed a master’s degree.
The main consideration when studying in Canada is the distance from India, and therefore the expense of travel. It can cost up to 2,000 Canadian Dollars, that is Rs 1,11,250 for a return plane ticket during peak season—Christmas.
Overall, Canada is a good option to consider, as its degrees have the flexibility of the degrees of the US, and it has good options for Jobs after graduation with most degrees.