Amount of loan is problem in new rules under general category. SUGGESTION

[dineshonnet]

Hi in last session i was refused for VISA [SEPT 2012] UNDER SPP

Now i am applying for jan 2012 in a 1 year PG program, this time under general category.
According to new rules we have to get sanctioned a loan equal to
first years tution + $10000

My offer letter says tution fees of $17315 [for one year] + living expenses of $9000
which totals to $26315.

But i need a loan of $27315 because new rules says 1year tution + $10000.

Problem is that bank cannot give me loan more than the amount written on offer letter, infact bank maintains a margin of 20%.
what should i do now??????

 

[dineshonnet]

evrybody viewing this please give me any suggestion what do now?

 

[dubaitotoronto]

Could you tell, where did you see the information on new rules? As far as I know nothing has changed for Jan 2013 intake.

 

[sandhuboy]

@dubaitotoronto
look vfs website there is new cheak list for jan 2013 for spp.

 

[dubaitotoronto]

Thank you sandhuboy,

I found it

http://www.vfs-canada.co.in/pdf/study_permit_20-09-2012.pdf

PREFERRED OPTION for proof of funds: you can fulfill the financial requirement by submitting a copy of an Educational Loan from an Indian Chartered Bank equivalent to at least first year’s tuition plus $10 000 CAD to cover living and travel expenses for one year. See information on the following page for the list of acceptable banks

One question

Can I pay entire first years's tutionfee from may savings, and only took education loan for CAD10,000.00?

OR they want everything as loan?

Your suggestions are awaited

 

[VPS123]

Hi in last session i was refused for VISA [SEPT 2012] UNDER SPP

Now i am applying for jan 2012 in a 1 year PG program, this time under general category.
According to new rules we have to get sanctioned a loan equal to
first years tution + $10000

My offer letter says tution fees of $17315 [for one year] + living expenses of $9000
which totals to $26315.

But i need a loan of $27315 because new rules says 1year tution + $10000.

Problem is that bank cannot give me loan more than the amount written on offer letter, infact bank maintains a margin of 20%.
what should i do now??????

One year tuition fees 17315 is it true...for Universities(Masters program) one year tuition fee is only around 14000CAD.....

 

[dineshonnet]

@VPS123 actully my program is 3semester

Please do answer my query how can i get loan sactioned.

 

[VPS123]

@ VPS123 actully my program is 3semester

Please do answer my query how can i get loan sactioned.

@dineshonnet....show them visa check list and tell them as per new rule this on is the condition but I got offer based on previous rule.....

 

[dineshonnet]

@ dineshonnet....show them visa check list and tell them as per new rule this on is the condition but I got offer based on previous rule.....

College cannot send offer letter with more living expenses, but bank cannot given the loan more than amount written on offer letter, they have nothing to do with new rules..

EXPERTS PLEASE HELP AND GIVE YOUR VIEWS

 

[jattonhunt]

mine is 19000 smthng for one year 3 smester ......

 

[dineshonnet]

mine is 19000 smthng for one year 3 smester ......

than you will have to show 19000 + 10000 loan... your offer letter might be saying total of 28000

how will you get loan of $29000 than.. becuase bank will never give you loan more than the amount written on offer letter.
I am also caught in same problem.