The documents required depends on who will be repaying the loan.   For student repaid loans, you will need to have the following information on hand: ​ • a copy of your immigration status document (ie PR card, COPR, notice of decision about your refugee status, etc.) • a government-issued photo ID, if your immigration status document doesn’t have a photo • proof of your address, if your government-issued photo ID does not have it • Your employment information • Evidence of enrollment in final year of a recognized educational program e.g. enrollment letter, proof of tuition fees, tuition schedule or current timetable  • Proof of balance of the tuition amount demonstrated by Student account statement or at least 60 days history of your bank statements/investment statement or any combination of these documents • Current 3 months banks statement • your void cheque or Direct Deposit Form, which you can download from your online bank account • Your credit report ​ For guardian repaid loans, you will need to have the following information on hand: ​ • a copy of your immigration status document (ie PR card, COPR, notice of decision about your refugee status, etc.) • a government-issued photo ID, if your immigration status document doesn’t have a photo • proof of your address, if your government-issued photo ID does not have it • Your employment information (If applicable) • Evidence of enrollment in final year of a recognized educational program e.g. enrollment letter, proof of tuition fees, tuition schedule or current timetable  • Proof of balance of the tuition amount demonstrated by Student account statement or at least 60 days history of your guardian's bank statements/investment statement or any combination of these documents • Your guardian’s proof of income demonstrated by current 3 months banks statements showing Salary Deposits or Real Estate Title Document and Current Listing for Sale • Current 3 months banks statement • your void cheque or Direct Deposit Form, which you can download from your online bank account • ​Your credit report

To be eligible for an Oasis loan, you must be an international student on a legal study permit, a refugee with a legal status or an internationally-trained individual living in Canada on a permanent status. Internationally-trained individuals must have completed post-secondary education outside of Canada and/or have a minimum of one year of post-secondary work experience before coming to Canada. You must also currently be living in Canada and have lived here for at least 1 year.​ You must also have a good credit score and no undischarged bankruptcy or consumer proposal.

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.(mailto:info@oasislendinggroup.com)

To be eligible for an Oasis loan, you must be a Student on a Study Permit, Permanent Resident or a Convention Refugee.

Yes, you would qualify if you find yourself in an underemployed position (where your education and experience are not fully utilized), if you’re aiming for professional development to gain a competitive edge in the job market or secure a promotion, or if you’re considering a career switch to a field where your transferable skills are applicable as long as you're in the final year of your program and meet the other eligibility requirements.

Whether you're an international student with a part-time job or underemployed with a family, our loans may be used to help pay for short-term living expenses, i.e if you need to quit your job or reduce your hours at work while you are attending school or studying for exams. Applications for living allowance are considered on a case-by-case basis.

All new Oasis clients can borrow up to $10,000 at a fixed interest rate of 7% for the entire loan duration.

The interest we charge helps replenish the loan fund and pays for the bank charges and operational costs that we incur in the process of providing affordable loans. We have been able to keep payments of principal and interest within the loan fund, helping to ensure the sustainability of the loan fund. As a registered not-for-profit, Oasis does not make any money from the loans. Future clients will benefit from the interest paid by today’s clients.

Oasis loans are personal, non-secured loans that help our clients who have limited credit history and otherwise don't qualify for financing by larger financial institutions. Therefore, we do not collect collateral for our loans.