eLoan Canada

Discover Personal Loan and Mortgage Products Designed for You

Canada welcomes thousands of new immigrants every year and Government of Canada along with various financial institutions is ready to help you make the change. You are definitely feeling burden and challenging in need to be in control of your money, stay in touch with home, and feel informed and secure. eLoan Canada has gathered some important information here to help make your transition a little easier.

It’s a common myth that if you are not a Canadian citizen or landed immigrant, you do not have right and qualify for a mortgage loan. The good news is that you will find various lenders offer mortgage products specifically tailored to the needs of non-landed immigrants. While most financial institutions traditionally have insisted that new immigrants provide a down payment of at least 20% to 35%, there are now lenders who offer qualifying new immigrants or those who have been transferred to Canada by an employer, mortgages which feature a much lower down payment.

According to Citizenship and Immigration Canada (CIC), The Immigration Loans Program provides refugees and protected persons with loans to cover the costs of medical examinations conducted abroad, transportation to Canada, travel documents, housing rental, telephone service deposits and the purchase of work tools, etc., on an easy to follow credit process, for more information and general enquiry you may call on the phone number: 1 888-242-2100

Moreover, if you are planning to settle in Canada you may consult with the CIC about the credit possibilities that may fit your own situation prior to the arrival and if you are a recent immigrant to Canada, contact loan and mortgage consultant to get advice on how you may qualify for personal loan and mortgage products aimed at new immigrants.