@FirstOfficer A320
Its an extremely bad idea to take a loan to pay for the basic CPL alone . There are only few jobs in India with the thousands of unemployed pilots waiting for years to get the call or set the foot in the door
Its not going to be easy to find a job in Canada either unless someone is willing to sponsor you .
Dont forget after joining the airline the type rating costs another 20 -35 lakhs depending upon the airline
I know a lot of pilots stuck in this debt trap because they took loans for CPL and now cant join an airline simply because they dont have money to pay for the type rating costs
The DGCA conversion process is another headache and costs additional money as well.
You need to apply for a computer number first and only then can you give the DGCA papers
Atleast clear the DGCA papers first before going anywhere in the world for flight training . This will save you a lot of money and headache
But best bet would be to stay away unless you have 50-60 lakhs to spare
This news article sums up the situation quite accurately
Pilot job dreams crash as aviation suffers - Hindustan Times