Apprenticeship Loan Program


When you're doing an apprenticeship program, it can be difficult to make ends meet while you're doing your technical training and aren't receiving a pay cheque. Our apprenticeship loan program may be just the solution you need!




HOW CAN YOU BENEFIT?

  • You can borrow up to $5,000 (OAC*) to use during your technical training periods and you can use the loan for tuition, living expenses, etc.
  • While you're in school, you only have to make monthly payments on the interest. Your regular payments will start only after you are back to work and receiving your pay cheque.
  • Rather than borrow money, you may choose to have your existing Encompass Credit Union personal loans (excluding residential mortgages) set so that, for the time period when you are in school, you only have to make monthly interest payments.

For more information about our Apprenticeship Loan program or to get started on your application, please contact your branch to make an appointment.

GET STARTED


GOVERNMENT PROGRAMS

You can also check out these government programs that are designed to provide financial assistance to apprentices during their technical training sessions:



* OAC = On Approval of Credit
 

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