CAN I PAY ENTIRE 1ST YEAR FEE FROM SAVINGS? THEN LOAN FOR ONLY CAD10000.00

[dubaitotoronto]

Hi All,

I just read the new rules for showing financial proof;

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

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

My question is can I pay the entire fee for first year from my savings? Then show education loan for only the living expenses ie for CAD10000.00?

What are your opinions?

 

[RNK]

no way, u must pay from bank loan itself.
under spp u can do that

 

[sandhuboy]

yes u can do that.

 

[RNK]

yes u can do that.

if he is applying under general category, he cant do that.
if it was for spp he can do that,by the way the rules mentioned above are for general category