RC/YAE/2023/B/2607 from July 2023 / NIU : M072318478553A
Global Education Financing
Study in Canada &
Pay Later
Bypass financial hurdles and secure your academic future. Our structured educational loans provide the funding needed to secure your study permit and launch your career in Canada.
- Fixed interest rate of 11.95% APR with zero hidden fees
- Official Proof of Financial Support letter for your study permit
- Flexible 7-year repayment window starting post-commencement
Collaborative Partnership
KITASARL has partnered with leading financial institutions like Passage to remove tuition fees as a barrier to your dreams.
Financing Partner
Passage
Repayment Period
84 Months
Prepayment Fees
0% (None)
Bridging Financial Gaps
Empowering Talented Minds for Global Success
For years, KITASARL has cultivated international partnerships to facilitate global educational opportunities for Cameroonian students. Throughout this journey, we have consistently identified financial constraints as the primary barrier preventing talented individuals from pursuing advanced education abroad.
Recognizing that Canadian tuition fees present significant financial challenges, we have strategically partnered with leading financial institutions like Passage to create tailored solutions that remove economic barriers to world-class education.
Our education financing program is designed to empower aspiring students by providing structured financial support, enabling you to focus on academic achievement without the burden of immediate financial pressure.
Your Gateway to Canada
An official Proof of Financial Support letter to satisfy all IRCC study permit requirements.
Application Requirements
Suitability by Academic Program
See how requirements vary depending on your chosen path of study in Canada.
Master's & PhD Programs
Proof of Final Admission
Designed for candidates who have advanced academic offers from Canadian universities.
- Requires formal Letter of Acceptance (LOA)
- Application initiated post-admission confirmation
- Direct funding processing for advanced research and study
Diploma & Certificate Programs
Conditional Support
Ideal for candidates seeking to demonstrate financial capacity early in the application process.
- Initiate loan application prior to final Letter of Acceptance
- Demonstrates financial readiness to institutions
- Smooth transition from offer to permit submission
Financing Options
Core Loan Structures
Select the loan type that fits your existing financial resources.
Comprehensive Loan
Covers both tuition fees and estimated living expenses. This is the most popular choice for fulfilling the dual financial capacity requirement of Canadian study permits.
Covers: Tuition Fees + Living Costs
Tuition-Only Loan
For students who already have documented proof of funds for living expenses. Focuses strictly on covering the costs of program tuition directly paid to your school.
Covers: Program Tuition Fees Only
11.95%
Fixed Interest Rate (APR)
Your rate is locked and guaranteed for the life of the loan. Protect yourself from future market hikes with zero hidden fees (no origination or application fees).
Two-Part Repayment Structure
Clear, Simple and Manageable Payments
Our partnership loan structures are designed to keep costs clear, straightforward, and easy to manage throughout your educational journey.
Part 1: Upfront Collateral Payment
Approximately 25% of total tuition acts as collateral. This security reduces your overall loan volume and proves commitment to your studies.
Part 2: Affordable Monthly Payments
Long repayment terms (typically 84 months) keep monthly installments low. Payments begin only after your study program starts, and you can prepay early without penalty fees.
Simple Milestone Path
Your Step-by-Step Loan Journey
A transparent, guided process to financing your dreams.
1
Get Accepted
Secure admission at a designated Canadian learning institution (DLI).
2
Get a Quote
Estimate your options using our online finance planning calculator tool.
3
Formal Application
Submit your formal paperwork and request profile review.
4
Loan Approval
Receive your customized loan structure, terms sheet, and confirmation.
5
Provide Collateral
Deposit your upfront collateral (~25%) to trigger the formal setup.
6
Receive Support Letter
Get your official Proof of Financial Support letter for your study permit application.
Loan Calculator
Estimate Your Financing Costs
Use our interactive calculator to project your upfront collateral and estimated monthly payments.
Rates are
fixed at 11.95% APR for a repayment duration of 84 months. No prepayment fees.
Calculation Details
Total Tuition
16,434,000 FCFA
Upfront Collateral (25%)
4,108,500
FCFA
Amount Financed (75%)
12,325,500 FCFA
Estimated Monthly Payment
217,250 FCFA
Total repayment
over 84 months:
18,249,000 FCFA
* Calculations are based on a 11.95% annual interest rate (APR) amortized over a 7-year (84 months)
repayment term. Monthly payments are estimated and exclude any applicable local taxes or bank processing
fees.
FAQ
Frequently Asked Questions
Clear answers to your top questions about the education financing program.
Can I repay my loan early?
Yes! There are no prepayment penalties or extra fees. You can pay off
your loan balance early at any time to save on interest.
Does Passage guarantee my study permit will be approved?
No. The Proof of Financial Support letter satisfies the financial
capacity requirements of immigration officers, but final visa and study permit approval
rests solely with the Government of Canada (IRCC).
Why is there a ~25% upfront payment?
The upfront payment serves as collateral (security) for the loan. This
reduces the total amount you need to finance, lowers your interest burden, and demonstrates
financial commitment to immigration authorities.
What if my actual tuition is higher than estimated?
You can adjust your loan application parameters to reflect the exact
figure shown on your Letter of Acceptance (LOA) before final approval and payment of
collateral.
When do monthly payments begin?
Your regular monthly payments begin only after your study program
commences in Canada, allowing you time to settle in.
Start Your Loan Application Today
Take the first step toward your Canadian degree. Secure your funding quote in minutes and request your Proof of Financial Support letter.
100% Secure Process
Quick Decision
No Hidden Fees