Foreign credential recognition & update loans

Restart your career in Canada.


Up to $30,000

Best part

Cover costs to acquire or update Canadian certification in your field

Get started

Back to Work and Foreign Credential Recognition (FCR) loans are here to help newcomers and those who wish to update their professional or trades qualifications to meet Canadian standards. Pay for courses, certification or living expenses while you attend school.

Why get a credential recognition loan?

Flexible payments

Borrow up to $7,500 or up to $30,000 with convenient monthly payments and special interest rates.

Inclusive approval

You’re more than your credit score. Get approved based on past employment experience in your previous country, current job offers, referrals, and the future potential of your field in Canada.

Covers all kinds of costs

Whether it’s to pursue education or to purchase equipment and tools, use one of our credential recognition loans to help you reach your career goals.

You’ve got options.

Foreign Credential Recognition (FCR) Loan

Back to Work loan

Is this for me?

I am a newcomer to Canada and want to borrow up to $30,000.

I want to borrow under $7,500.

Do I need a referral?



Interest rate

Vancity Prime¹ +0%²

Vancity Prime¹ +4.0%²







Term length

12 to 60 months

Up to 60 months

Payment flexibility

Repay early without any pre-payment penalties.

Repay early without any pre-payment penalties.

Make it happen.

For Back to Work loans:

Not a member? Join Vancity

For Foreign Credential Recognition Loans:

To access a Foreign Credential Recognition loan, you must be recommended by one of our community partners:

They will match you with a case manager who can work with you to create an education plan and help prepare required documents. They will also help you schedule a meeting with an account manager at Vancity.

Leave the rest to us

In your application or appointment, we may ask for some additional documents. Once those are all in order, we’ll handle the rest.

Sign for your loan.

If you’re an existing member, you can sign virtually. If you’re new, we’ll set up a time for you to visit a branch.