Agent wants me to show all our financial assets in visa application

[nevillek]

Basically, I'm going to be applying for an educational loan for around $20,000 (my total fees are $30,000 and living expenses to be shown are $10,000) and my agent wants me and my parents to show all our financial assets (bank balance, fixed deposits, mutual funds, etc.) to them first in order to advice me on how much loan to take and also to the VO in the visa application along with IT returns and stuff.

Firstly, I don't know if this is even required. Why should I be showing all our assets???

Secondly, our assets are over $40,000 so I'm wondering if the VO would question why did I need to take an educational loan if I have all the money required to pay the fees?

I don't know what to show. Experts, please advise on both queries.

 

[paritosh_thanki]

You need to show your financial condition as a proof that you have enough money to stay there and enough finance to compel you to come back to your country again.
taking loan depends up to you, Vo wont question on that matter even though you have enough finance. But If you have enough finance then dont take loan you can save heavy interest rates on that amount.

 

[nevillek]

But atleast 10,000 CAD educational loan for living expenses is compulsory for non-spp students who dont make GIC right?

 

[bdmaninnl]

But atleast 10,000 CAD educational loan for living expenses is compulsory for non-spp students who dont make GIC right?

showing ur financial assets is a guarantee that u'll return in ur home country after graduation..these will be counted as home ties

 

[nevillek]

Ah ok, thanks