Bank Loan from Private Bank.

[saiprasad.br]

Hi guys,

I've taken a loan of 7 lakhs from a Private Bank(Deccan Grameena Bank). Since my % is less in academics, no Government bank is willing to give me a loan.

I've already paid my Tuition fees for 1st semester which starts on Jan 7. Also, I'm having a sponsor of 30,000 CAD in bank. My course is of 2 years.

Can someone please tell me if the bank loan is considered? Also taking into account of the above conditions, what are my chances of getting a VISA?


P.S. This is very urgent matter since I still haven't applied for VISA.

 

[luckymain]

Hi guys,

I've taken a loan of 7 lakhs from a Private Bank(Deccan Grameena Bank). Since my % is less in academics, no Government bank is willing to give me a loan.

I've already paid my Tuition fees for 1st semester which starts on Jan 7. Also, I'm having a sponsor of 30,000 CAD in bank. My course is of 2 years.

Can someone please tell me if the bank loan is considered? Also taking into account of the above conditions, what are my chances of getting a VISA?


P.S. This is very urgent matter since I still haven't applied for VISA.

brother if your bank is not in charted banks list dont go with that
try another charted bank which r in list
or go with gic
2nd thing now 1st year fee is compulsary
if u paid ist sem only it may be risky

 

[saiprasad.br]

I am not going under SPP program, for normal one also payment for 1st year fees is compulsory or just 1 sem is enough?

The problem is even if I pay the amount to Scotia Bank now, do I have sufficient time for applying the visa?

 

[luckymain]

u have very less time left bro
u should take loan santion letter from charted bank
if u have cash money take loan against fd it is only way for u
and ist year fee is compulsary
i also confused about ist sem or ist year but now according to new rules ist year is compulsary undr SPP

 

[RNK]

the only choice for u is loan against fd ,within 3days u will get it sanctioned.
pay the second semester fee also.




time for gic is over

 

[RNK]

ur from AP i think

 

[saiprasad.br]

yes, i am from AP.

please guide me....

So you're saying that I still have some time left if I apply for loan against FD and do the payment for the 2nd semester also?

 

[RNK]

i think so

if u sanction bank loan in 3days .

i think u have got ur first semester tee reciept, if so use it and add the bank wire transfer copy as a proof that u have paid ur secnd one also and mention about his in ur sop (y did u pay first semester fee only first .......)


if u have ur ielts and i20 prepare ur docs and u will be able to lodge ur file by dec 2 or earlier

 

[luckymain]

yes, i am from AP.

please guide me....

So you're saying that I still have some time left if I apply for loan against FD and do the payment for the 2nd semester also?

if u r applying under SPP u have to pay second sem fee
if u r applying under general u can go wth ist sem fee payment
u should take education loan immediatly
frm charted bank. And it will be education loan.
Remembr it only education loan for living expences during education

 

[saiprasad.br]

i think so

if u sanction bank loan in 3days .

i think u have got ur first semester tee reciept, if so use it and add the bank wire transfer copy as a proof that u have paid ur secnd one also and mention about his in ur sop (y did u pay first semester fee only first .......)


if u have ur ielts and i20 prepare ur docs and u will be able to lodge ur file by dec 2 or earlier

Can you please confirm about the second semester fees. I have doubt if the payment is compulsory.

 

[luckymain]

Can you please confirm about the second semester fees. I have doubt if the payment is compulsory.

under SPP it is compulsary
u can go with Ist sem in general
but in SPP u have to pay Ist YEAR

 

[saiprasad.br]

I am not going for SPP. So I guess I don't need to pay 2 nd semester fees.I just have to concentrate on getting loan for living expenses. Really appreciated for the info bro.

Also can you please suggest me the banks who give loan against FD in 2-3 days.

 

[luckymain]

I am not going for SPP. So I guess I don't need to pay 2 nd semester fees.I just have to concentrate on getting loan for living expenses. Really appreciated for the info bro.

Also can you please suggest me the banks who give loan against FD in 2-3 days.

In general u can go with only Ist sem fee
concentrate on education loan
if u have cash money u can take loan from any bank against fd
jst check list of chartd banks

 

[RNK]

yep payment of first term is enough

take loan of first year tution fee +10000$+2000$(safe side)


all banks follow the this rule:they will give fd for 90%of ur deposit
ex-if u deposit 10lakhs they will give u educational loan of 9lakhs only