IF I can Manage then why need to go for education loan? I have transaction certificate and balance certificate but There is clearly mentioned about GUARANTEED INVESTMENT CERTIFICATE (GIC).
HOW TO OBTAIN A GUARANTEED INVESTMENT CERTIFICATE (GIC)[/b][/b]
According to Citizenship and Immigration Canada guidelines, you will require approximately
$10,000 CAD per year, not including tuition fees, to cover your living expenses. This requirement is
fulfilled through the purchase of a participating GIC, and evidence that you have paid your tuition.
At present, Scotiabank and ICICI Bank Canada are the only participating Canadian financial
institutions.
Preferred Option for Proof of Funds: Evidence of purchase of a special Guaranteed Investment
Certificate (GIC) from a participating Canadian financial institution, in the amount of $10,000 CAD
to cover living expenses for your first year in Canada and evidence of payment for your tuition.
In the alternative, you can fulfill the financial requirement by submitting a copy of the receipt for
your tuition fee) AND a copy of an Educational Loan from an Indian Chartered Bank equivalent to
$10 000 CAD.