The Bridge Program
The African Impact Initiative and Oasis Lending Group have partnered to bridge the gap for Black Immigrants of African descent in Canada by providing access to tailored financial support
Bridge Microloan
Are you eligible?
Check out some of the general requirements to get a Bridge student loan with Oasis.
Minimum RequirEments
Lived in Canada for at least 1 year
An international student, permanent resident or conventional refugee
Enrolled In the final year of a recognized post-secondary institution or training program
A good credit score
Still have questions?
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How long does it take to get a Bridge loan? We aim to process these loans within 7 working days. However, it depends on a number of factors, including how many loan requests we receive and how quickly you provide us all the necessary information
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Can I pay off my loan at any time? Absolutely! The bridge loans are open and so you can make lump sum payments or pay it off at any time without any penalties.
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How is the interest rate calculated? Every client’s situation is different, so our loans are not one-size-fits-all. We charge 7% fixed interest per annum on the loan amount throughout the program term plus 3 months after completion in equal installments. Thereafter, you make principal and interest payments in equal installments for 12 months subject to the expiry of your status. Your Oasis contract will detail the terms and conditions in detail. If you’d like to discuss your particular situation and potential repayment schedule in order to decide if an Oasis loan is right for you, please contact our Client Support Team at info@oasislendinggroup.com.
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I don’t see my question here. What do I do? Check out the list of frequently asked questions (FAQ) about the bridge loan under the FAQ page.
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What type of information will I need to complete the online loan application form? You will need to provide some personal information such as your name, address and phone number. We also ask a few questions regarding your educational details, employment information, immigration and financial status. Depending on who will repay the loan - the student or guardian, the document upload form specifies the documents we will need to see.