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Finance for study permit

siya_

Full Member
Aug 6, 2019
34
4
Hey guys, Need some help. So I want to apply to canada for student visa by myself. I got every information and I am pretty ready but the main problem is about my finance. First I need to pay university 1 year tution fee and then I have to show CAD10,000. Is it enough? Because all consultancy said that apart from paying tution fee I need to show 30 lakh as my bank balance. So I am little bit confused. And what is about educational loan? If I get educational loan do I not need to show my financial ability?
 

Rupinder2050

Star Member
Jul 2, 2019
190
29
Hey guys, Need some help. So I want to apply to canada for student visa by myself. I got every information and I am pretty ready but the main problem is about my finance. First I need to pay university 1 year tution fee and then I have to show CAD10,000. Is it enough? Because all consultancy said that apart from paying tution fee I need to show 30 lakh as my bank balance. So I am little bit confused. And what is about educational loan? If I get educational loan do I not need to show my financial ability?
Download university checklist from cic website and meet all requirements.
As per university checklist u don't need to show liquid money.
Just pay one year fee, gic and u can show property /gold evaluation / other assets or liquid money if u have some.
My friend did same - plot, gold, 4 lakh cash.
This is Just to make visa officer sure that u hv funds to pay next year tuition fee.
But not all liquid money.
General category require liquid money, ITR.
Consulting iccrc member can provide you with genuine info.
 
Last edited:

siya_

Full Member
Aug 6, 2019
34
4
Than
Download university checklist from cic website and meet all requirements.
As per university checklist u don't need to show liquid money.
Just pay one year fee, gic and u can show property /gold evaluation / other assets or liquid money if u have some.
My friend did same - plot, gold, 4 lakh cash.
This is Just to make visa officer sure that u hv funds to pay next year tuition fee.
But not all liquid money.
category require liquid money, ITR.
Consulting iccrc member can provide you with genuine info.
Thank you so much and what about educational loan. Have you got any idea?
 

Rupinder2050

Star Member
Jul 2, 2019
190
29
Than

Thank you so much and what about educational loan. Have you got any idea?
Yes even if u take the advantage of education loan for Ur fee and living expenses.
Bcz showing financial ability is different thing
R u from India?
 

siya_

Full Member
Aug 6, 2019
34
4
Coz if u r not from India, Ur requirements could be different.
I am from Nepal. Now I really worry about it. But I search canadian government website and there it says that I have to show $10000+ tution fee only so hope it will go well.
Btw thank you so much for this information.