Don’t b confused !
Ask me anything if ur getting problem in loan saction formalities.
Actually, Bank saction 80% loan for education as well as for your living expenses, books, computer, flight tickect and for your health insurance while staying in abraod.
GIC which is for your living expenses while stay in canada. But, the major problem for students is that GIC is not mentioned in the offer letter provided by collage.
*But you can attach checklist provided by CIC in which it is clearly mentioned that you have to pay GIC before submission of your file and it is mandatory.
Bank will issue laon on that ।