1st semester fee

[prash84]

Can i pay my 1st semester fee from the bank loan? As per semester fee for the course i chose,it is 11000$ and not 6500$. The course is Game art & Animation. Total Tuition fee is 22000$ . 1 year course. 2 Semesters.

Estimated living expenses are 11000$

So how much should be bank loan and how much should i show as liquid cash/savings.

can i pay the 1st semester fee from loan as it higher?

 

[prash84]

can some one please respond to this. experts. plz need your help

 

[soberdeepak]

prash ! ur expenses 22000 fee + 11000 expenses = 33000 CAD, now its upto u how u wanna do it !! if u applyin under SPP take a loan which covers 80% of ur expenses (80% of 33k) and rest show in bank account (4 months statement) !! whatever u pay (1st sem fee 11k u can deduct from 33k) I hope I'm clear, it doesnt matter if u pay from loan or savings !!!

 

[prash84]

thanks for the reply deepak. my loan is sanctioned for 85%, i am willing to pay 1st sem fee from savings.

so 1st sem fee paid, 85% sanctioned loan and i have an fd of 4 lacs(8000 $ approx). should this be good enough??

one more thing, are my savings bank statement is enough or should i even show my dads??

 

[champ1388]

u can show urs

 

[soberdeepak]

It's perfect !! Jus show ur statement no need of ur dads !!!

 

[prash84]

so is this advantage of, not showing parents statements only in SPP or even in general visa?

 

[soberdeepak]

Yes coz u r showin loan which covers max of ur costs !! In gen u have to show the funds as well as their source ie Itr as well !!!