Windmill Microlending: Empowering Skilled Newcomers with Affordable Career Loans
Why Apply for a Windmill Loan?
At Windmill Microlending, we understand the unique challenges faced by skilled immigrants and refugees in Canada. Our career loans are designed to support you in obtaining the credentials and training you need to work in your trained profession or upskill as required by the Canadian market.
- Fixed Low-Interest Rate: Enjoy a fixed interest rate of 6.7% throughout the loan duration, which is significantly lower than typical credit card rates.
- Flexible Use of Funds: Use the loan for various expenses including accreditation, training, career development, and more.
Eligibility for a Windmill Loan
You are eligible if you:
- Are a Permanent Resident, Protected Person, Convention Refugee, Provincial Nominee, or Canadian Citizen.
- Have completed post-secondary education outside of Canada and/or have a year of post-secondary work experience before coming to Canada.
- Need financing for costs associated with a Career Success Plan to achieve your professional goals.
- Are currently living in Canada and do not have an undischarged bankruptcy or active consumer proposal with less than six months of consistent payments.
What Makes a Windmill Loan Unique?
- Deferred Payment Options: Up to two years of interest-only payments, followed by up to three years of principal and interest payments based on the length of your career plan.
- Comprehensive Support: Access to one-on-one coaching, financial planning tools, and the Windmill Mentorship Program.
How to Apply for a Loan
- Check Your Eligibility: Take our quick Eligibility Quiz to see if you qualify.
- Submit Your Application: Fill out the online application form and submit the required documents.
- Receive Your Funds: If approved, funds are typically disbursed within 10-15 days after approval.
What Can You Use a Windmill Loan For?
Fund a variety of needs that are crucial for advancing your career in Canada:
- Examination fees
- Training courses
- Relocation costs
- Books and materials
- Credential assessments
- Living allowances
- Professional association fees
More Than Just a Loan
Windmill Microlending doesn’t just provide financial support. As a client, you benefit from:
- Community Success Hub: Exclusive access to job boards, career resources, and networking opportunities.
- Career Guidance: Ongoing support to navigate your professional pathway in Canada.
Start Your Application Today
Understanding Your Loan
- Loan Amounts: Borrow up to $15,000 with specific programs potentially allowing more.
- Repayment: Flexible repayment options tailored to your financial and professional situation.
- Credit Building: Loans are reported to credit bureaus, helping you build your credit rating in Canada.
Learn More About Loan Terms and Conditions
FAQs and Success Stories
Have more questions? Read our FAQs or explore the success stories of those we’ve helped transition from survival jobs to careers that match their skills and training.
Windmill Microlending is dedicated to helping skilled immigrants and refugees achieve their professional potential and thrive in Canada. Join thousands of newcomers who have transformed their careers and lives with the support of Windmill Microlending.