Interested in finding out how a low-interest, affordable loan can help you launch or advance your career?
Immigrants living in BC can borrow from Windmill Microlending at the lowest interest rate available for career loans in the province –RBC prime interest only!
About Windmill Microlending
Windmill Microlending is a Canadian non-profit offering low-interest, affordable career loans of up to $15,000 to help newcomers pay for the education they need to succeed in Canada. Since 2005, Windmill has supported over 5,000 immigrants and refugees to overcome underemployment and grow in their careers.
If you are a protected person or convention refugee, you can apply for Windmill’s interest-free Refugee Loan Program, as long as you do it within three years from the time you have attained refugee status in Canada.
Windmill can help with affordable, low-interest loans to pay for the related costs of assessment, training, licensing exams, supplies and even a living allowance during a study period.
A prime rate or prime lending rate is the annual interest rate used in Canada to set interest rates for variable loans and lines of credit. Windmill loans are a variable interest rate product, which means that as the prime rate increases or decreases, so does the interest on your loan.
Take your next step towards self-reliance, a better job and a chance
to contribute your skills and experience in Canada.
Frequently asked questions
Why is Windmill offering clients in BC a lower interest rate?
Windmill’s goal is to help more skilled immigrants and refugees in BC reach their career goals and achieve financial stability. This offer will create the opportunity for more newcomers to benefit from our support.
How long will this offer last?
This rate will be available to clients in BC until March 31, 2022.
How much will this lower interest rate save BC clients?
A client who borrows $15,000 at prime (for a two-year learning plan and three years of repayment) can save $812 over the course of their loan.
I am moving to BC soon. Can I get this rate?
If you have an address in BC at the time, the funds will be disbursed; you are eligible for this rate. The rate will be available until March 31, 2022.
Meet some of the skilled immigrants in BC who have achieved career success with the help of a Windmill loan.
Looking for greater opportunities to advance their careers, Dr. Olamipo and her husband decided to move to Canada. As a doctor trained in Nigeria, Dr. Olamipo struggled to restart her career due to the high costs of re-accreditation in her new home country. “Windmill contributed immensely. Through the loan, I was able to pay for my professional exams in order to obtain a Canadian Medical Practicing License,” she explains.
After seven years spent working as a successful general practice veterinarian in India, Rajan moved to Canada in search of more opportunities to grow professionally. Since he needed to complete an expensive process in order to obtain a Canadian veterinarian certification, Rajan began working full-time as a security officer. Windmill’s loan helped Rajan pay for his last exam fee and soon after, he resumed his career as a veterinarian.
Find out if Windmill can help you achieve career success.
Get your documents ready and start your application today.
Learn more about Windmill and how the loan process works.
Windmill Microlending is grateful to private donors who have made it possible to offer this special interest rate to new British Columbia clients. Every year, Windmill supports hundreds of immigrants and refugees by providing loans to help them pay for the licensing or training they require to achieve career success in Canada. Now more than ever, Canada’s newcomers need our help. Please consider a donation to Windmill today.