Yourname said:
Thanks for your reply.
So you think providing a letter from the financial institution stating that they have given the loan is good enough?
If you're showing personal funds, I think 4-6 months of bank statements showing that much money would work.
But in my case, showing educational loan, I'm not sure about the steps for it.
Mind elaborating on what you did, as much detailed as possible please?
Thanks!
What we did for my application, the loan was deposited to my mom's personal bank account. So basically, the loan was added to the money (savings) that was kept in the bank for four months (we submitted four months bank statement). The loan was only added to the account few days before we lodged my application, provided with a loan letter from the bank.
I am applying from UAE, so application process is a bit different from Philippines. I am not sure with educational loan because mine was personal loan. If you can, try to at least make arrangements with the local bank or talk to any representative/bank manager regarding their educational loan services because some banks require proof of acceptance from a Canadian university and some just lend you the money and pay it afterwards.
Aside from getting opinions here, I suggest you make a separate thread here in the international students forum so other applicants with the same dilemma as you can contribute as well.
Hope this helps!