What is the FCR?

Foreign Credential Recognition Program is funded by the Federal Government of Canada to help Skilled Newcomers get back into their professional fields or alternative related career fields.

The program also offers multiple loan amounts up to $30,000 depending on the process, to cover the cost of credentials along with a flexible repayment schedule.

At PICS-FCR, we offer two key services:

Financial Support:

  • Loans to skilled newcomers requiring financial assistance
  • Loans can be utilized for various costs:
    • Exam fees
    • Credential evaluation
    • Books and course materials
    • Short-term bridge courses
    • Travel expenses
    • Living allowances

Support services to workers in Health, Technology, Education, Law, and Accounting:

  • Job Readiness Workshops:
    • Resume building
    • Interview skills
    • Canadian workplace communication
  • Mentorship Programs
  • Volunteering Programs
  • Networking Programs

Our loan program provides financial support with lower interest rates compared to traditional banks, and offering a stress-free process. The FCR team and employment coaches are also here to guide and assist these skilled newcomers in effectively translating their skills obtained from their home country to meet Canadian standards.

Features and Benefits

  • The loan can be used for credential evaluation, training costs, examination, membership fees, course material, and travel costs
  • Multiple loans from $1,000 to $30,000
  • The repayment period is from one year to ten years
  • Competitive low-interest rate (Prime + 0%)
  • Career guidance such as mentorship and network opportunities, job readiness workshops, and employment coach

How does FCR work?

FCR Program Eligibility

*1 item from each category must be met to be eligible

Immigration Status + BC Resident

  • Canadian Citizen
  • Permanent Resident
  • Temporary Resident
  • Refugee with Working Status


You have a proof of education credential, work experience and designation obtained in foreign country.

  • Website: https://fcrloans.ca
  • Email: fcrloans@pics.bc.ca
  • Call: 604.596.7722 Ext 157
  • LinkedIn: https://www.linkedin.com/in/fcr-loans/

Funded By: