At Le Wagon Montréal, we know that investing in a bootcamp is a big step. For many students, especially those new to Canada, financing can feel like a barrier. That’s why we’re launching a series of articles to introduce you to financing partners who can help make your career goals a reality.
First up: Windmill Microlending, a national charity dedicated to helping skilled immigrants and refugees succeed in Canada.
Windmill loans are designed specifically for newcomers. To be eligible, you must:
Many newcomers worry about Canadian credit history. Windmill accepts applicants who don’t yet have one. They’ll review your credit score, but employment is not required to apply.
The main restriction: you must not have an undischarged bankruptcy or a consumer proposal active for less than six months.
Unlike traditional lenders, Windmill focuses on helping newcomers move from survival jobs to meaningful careers. In addition to loans, they provide:
Windmill loans are repaid over 2–5 years, depending on your plan.
The interest rate is fixed for the entire loan term — no surprises if prime rates increase. And if you want to repay early, there’s no penalty.
Windmill keeps rates as low as possible. There are no administrative fees, and the interest charged goes directly toward sustaining their loan fund for future clients.
Windmill also offers financial literacy training to ensure clients understand the basic concepts of the Canadian financial system and are able to make informed decisions when it comes to debt and credit.
On debt:
Credit should not be seen as a burden but a tool. Used wisely, it can help you reach career goals faster.
On budgeting:
Monthly budgeting is essential, especially for newcomers. Using financial tools and professional advice can make repayments more manageable.
On building credit:
For internationally trained individuals ready to relaunch their career in Canada, Windmill Microlending is a strong option to consider.
Are you curious about whether you might be eligible for a Windmill loan ? You can check your eligibility here.
If you’d like to know more about financing options for our bootcamps, our learning advisors are available to answer your questions. You can also book a quick call with us to explore what option might work best for you.
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