Are You Eligible?


Video: Is an IAF Loan Right For You?

Watch this video to learn more about our character based loan program, eligibility requirements, and what you can do to strengthen your application.


Find out if you meet the requirements to apply for an IAF loan. If you arrived in Canada within the past three years as a refugee/protected person, click here to learn about the IAF Refugee Loan Program.

To be eligible for a loan you must:

(click on each point to learn more)

Be an immigrant and a permanent resident, provincial nominee, refugee/protected person, or Canadian citizen.

Loan applicants must have one of the immigration statuses listed above. If you are a refugee/protected person, click here to learn about the IAF Refugee Loan Program.

Unfortunately, we are not able to offer a loan if you are an international student, live-in caregiver, refugee claimant, temporary foreign worker, live outside Canada or reside in the province of Quebec.

Be living in a province or territory other than Quebec.

Unfortunately we are not able to accept applications from residents of Quebec at this time. Click here to learn about other micro loan programs available to immigrants across Canada.

Intend to work in the same field you had before landing in Canada.

IAF loans can only be used to help you return to same or related work you had before you first landed in Canada. IAF loans cannot be used to help you start a career in a new field.

If you are already working in your field but underemployed (working at a level much lower than someone with your education or experience should be), you may be eligible for a loan.

Lack access to comparable financial resources.

You may apply for an IAF loan if you are unable to borrow from the bank or if the interest rates and loan terms are not comparable to what you would receive from IAF.

Not have an undischarged bankruptcy.

If you have filed for bankruptcy in Canada, your bankruptcy ends when it is discharged. This means that you are released from your legal obligation to repay the debts covered by your bankruptcy. We cannot consider your application if your bankruptcy is still active.


To be ready to support your loan application you must:

  • Have a plan that sets out what you will do to be able to work in your field
  • Know the steps you will follow to find employment in your field
  • Have English or French skills that enable you to complete your learning plan
  • Provide information about any program you wish to take
  • Have a reasonable chance of obtaining employment in your field
  • Be committed to paying back the loan, with interest
  • Complete an application and satisfy all requirements of the Loan Review Team
  • Demonstrate good character

To learn about the information or documents we need from you to assess your application, please click here.


Note: If you have received a Canadian post-secondary or graduate degree or have considerable training or work experience in your field in Canada, you may not qualify for an IAF loan. Please feel free to contact us to confirm your eligibility.