Prime rate savings
For a client borrowing $15,000 (to help pay for a two-year learning plan, with a standard three-year repayment), this offer will save $812 in interest over the course of their loan.
Windmill’s prime rate loan for BC clients
Now, skilled immigrants in British Columbia can borrow from Windmill at prime interest to advance their career.
When combined with our interest-free loans for refugees, this offer will help even more immigrants in British Columbia achieve career success.
Take your next step towards self-reliance, a better job and a chance
to contribute your skills and experience in Canada.
About Windmill Microlending
Windmill has been offering low-interest loans to immigrants and refugees since 2005. We understand the unique challenges newcomers face as they settle in Canada and seek work that suits their education, skills and experience. A loan from Windmill makes it possible for skilled immigrants to afford the steps they must take to achieve career success. As a registered charity, our clients’ success is our success.
A loan from Windmill sets our BC clients on the road to achieving their career goals.
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, 2021.
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, 2021.
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.
Connect with Windmill
Anita Lal is Windmill’s Community Relations Specialist serving Metro Vancouver and greater British Columbia. Anita supports partners and clients through presentations and information sessions, providing details about Windmill, our loan program, who we serve, and who is eligible for a Windmill loan.
Toll-free: 1-855-423-2262 ext. 601
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.
All statistics are based on approximately 120 BC clients with the required data as of September 30, 2020. Income data is based only on those who have completed their Career Success Plan and paid their loan in full.