The loan for studying abroad refers to the foreign exchange consumption loan issued by the bank to overseas students or their immediate family members or spouses to pay tuition and fees for studying abroad and living expenses. The borrower of a loan for studying abroad must meet the following conditions: 1. The borrower shall have full capacity for civil conduct, and the actual age of the loan due date shall not exceed 55 years old; 2. The borrower has no violation of laws and regulations, is healthy, and is honest and trustworthy; 3. If the borrower is an overseas student, he should have a permanent residence or other valid residence status at the lender's place before studying abroad; 4. If the borrower is an immediate family member or spouse of a student studying abroad, he should have a permanent residence or other valid residence status in the area controlled by the lender, have a fixed residence, have a stable occupation and income source, and have the ability to repay the principal and interest on schedule; 5. The borrower shall hold an admission notice or other valid admission certificate issued by the school where the student intends to study abroad; 6. The borrower shall provide property mortgage, pledge or third-party guarantee recognized by the lender. Mortgaged property is currently limited to real estate with mortgage; Pledged goods are currently limited to government bonds, bank certificates of deposit, corporate bonds and other securities; The guarantor shall be a legal person or natural person with compensatory ability, and be willing to bear joint and several liability for repayment; 7. Other conditions stipulated by the lender.

The loan amount for studying abroad shall not exceed the sum of the equivalent RMB of the registration fee, tuition, living expenses and other necessary expenses specified in the admission notice or other valid admission certificates of foreign study schools, with a maximum of 500,000 yuan. At the same time, the following conditions must be met: 1 Where the mortgaged property is used as collateral, the maximum loan amount shall not exceed 60% of the collateral value recognized by the lender; 2. In case of pledge with national debt or bank deposit certificate, the maximum loan amount shall not exceed 80% of the pledged property value; Where corporate bonds are pledged, the loan amount depends on the credit standing of the bond issuer, and the maximum loan amount shall not exceed 60% of the pledged face value; 3. If a third party provides joint liability guarantee, and the guarantor is a legal person recognized by the bank, the loan can be paid in full; If it is a natural person recognized by the bank, the maximum loan amount shall not exceed 200,000 yuan. The term of the loan for studying abroad shall be determined according to the duration of studying abroad, the income of the borrower and the guarantee ability of the guarantor and collateral, and the longest term shall not exceed six years (including six years).

The specific school and application process depend on your grades as a student. If you want to go to Canada, it will cost about 200,000 RMB a year.