Deadline for SPP.
- Thread starter Lovely_16
- Start date
HiLovely_16 said:
Well it is not a deadline but a strongly recommended date.I quote
It is strongly recommended that you submit your application by 01 August for September entry and by 01 December for January entry. Applications for a Study Permit received after those dates will not normally be processed in time for the start of classes and will likely be refused.
Moreover to add to trouble, the embassy is closed for 3 days in account of christmas. Still applications are accepted and processed even after 1st Dec, and many applicants get their visas even by applying after 1st Dec, but I recommend you to apply as soon as possible.
And to cheer you up, the rush is less as compared to that in Sept but still apply ASAP.Good luck !
That's right. Apply as soon as possible or you will be asked to submit a letter of deferral.Maherd said:
I will try to apply ASAP, but still my loan procedure is pending. I will get the loan sanction letter on thursday only from union bank of india.
My concern is: my fees is 20,000CAD for 1 year(3 sems) for game programming course in sheridan college.
Bank giving me loan of just 10 lakhs rupees according to thier rules....means 20,000 * 50 = 10 lakhs(approximately). which will not include living expenses.
So will it create problem of finacial basis:
As i m going to pay my 1st sem fees by saving that's 7,081.89CAD. So remaining 2 sems fees is 13,218.25$ + 10,000$(living expense) =23,218.25*50 = 12 lakhs.
bank is giving me loan of 10 lakhs only. Mine consultant is saying u should take 12 lakhs loan as ur fees is high. But no use to request bank manger.(tried a lot).
If i show FD of 10 lakhs from SBI to cover this 2 lakhs, will it work or not?
My concern is: my fees is 20,000CAD for 1 year(3 sems) for game programming course in sheridan college.
Bank giving me loan of just 10 lakhs rupees according to thier rules....means 20,000 * 50 = 10 lakhs(approximately). which will not include living expenses.
So will it create problem of finacial basis:
As i m going to pay my 1st sem fees by saving that's 7,081.89CAD. So remaining 2 sems fees is 13,218.25$ + 10,000$(living expense) =23,218.25*50 = 12 lakhs.
bank is giving me loan of 10 lakhs only. Mine consultant is saying u should take 12 lakhs loan as ur fees is high. But no use to request bank manger.(tried a lot).
If i show FD of 10 lakhs from SBI to cover this 2 lakhs, will it work or not?
Also let me know that is the total 20,000 $ amount mentioned in your fee invoice ?
See, even I have applied for sheridan so I am well versed with this thing. Our fee invoice shows the fee of first 2 semesters which is one academic year.
I give you my e.g. I am applying for computer engineering advanced diploma.It is a 3 year dilpoma. I have three semesters back to back in my first year. But my fee invoice shows the fee of only the first 2 semesters which is usually considered one academic year.Neither it is mentioned anywhere in our fee invoice or our offer letter that the third semester will be there in our first year or second year nor it is written anywhere over the college website. So, I need to show only funds for 2 semesters fee + living expenses.
If you have the same situation. Just go with a paid fee reciept + 10 lakhs sanctioned loan.That will do !
See, even I have applied for sheridan so I am well versed with this thing. Our fee invoice shows the fee of first 2 semesters which is one academic year.
I give you my e.g. I am applying for computer engineering advanced diploma.It is a 3 year dilpoma. I have three semesters back to back in my first year. But my fee invoice shows the fee of only the first 2 semesters which is usually considered one academic year.Neither it is mentioned anywhere in our fee invoice or our offer letter that the third semester will be there in our first year or second year nor it is written anywhere over the college website. So, I need to show only funds for 2 semesters fee + living expenses.
If you have the same situation. Just go with a paid fee reciept + 10 lakhs sanctioned loan.That will do !
Hi,Lovely_16 said:
You have to show 80% of $20,000 so thats $16,000 out of which $7,000 has been paid that leaves $9000 to be paid + $10,000 as living expenses = $19,000 which comes to Rs. 9,60,000/-. And that is under 10 lacs.
Secondly if we calculate 80% after subtracting the fees it will be $20,000 - $7,000 = $13,000 and 80% of that is $10,400 + $10,000 = $20,400 which comes to Rs. 10,31,000/- out of which I guess embassy won't count it according to current rate else they will be in a problem so it would still be counted under/around Rs. 10,00,000/-.
So my call is you are safe. Also embassy does not entertain any other document except Loan Sanction Letter under SPP.
In my fee invoice total fees is $20,000. I am having consecutive 3 sems: $7,031.89 for 1 sem + $6,313.00 for 2nd sem + $6,605.25 for 3rd sem.Maherd said:
so i will have to show all 3 sem's fees. your fee invoice shows fees of only 2 sems and not 3rd sem, might be ur 3rd sem may be co-op term that's why(not sure). Mine third sem is project related to game programming.
Well even mine is a study term not a co op. But if your fee invoice shows 20,000 $ then I think its a bit near the border with a 10 lakh loan.And if you are thinking of showing the 12 lakh FDR as such, that is not possible at least under spp. You have to show an education loan only to qualify under spp. Due to fact that those 12 lakh FDR's can be used for any other purpose, but an education loan can only be used for your education purpose that is why the embassy emphasizes on having an education loan. I quoteLovely_16 said:
Educational Loan from an Indian Chartered Bank equivalent to at least 80% of tuition +living + travel expenses for one academic year (normally, first year’s tuition, unless already paid, plus $8000)
I will suggest, if you can arrange 1-2 lakhs and get a loan of 11-12 lakhs against FDR of 13-14 lakhs for 1-2 months that will suffice your need.And once you have reached canada, cancel your loan and return to who so ever that money belongs.Good luck !
Well you have to pressure the international centre a bit for that. I got mine in 12 days. Send a scanned copy of wire transfer receipt to international@sheridanc.on.ca and wiretransfer@sheridanc.on.ca and info.sheridan@sheridanc.on.ca.Lovely_16 said:
Also if you don't it by that time don't worry.The wire transfer receipt is itself considered as a proof that you have paid your fee.I have got many frnds who got their visas with the wire transfer receipt only.
I told the bank to provide me loan of 12 lakhs against FD of 15 lakhs. But they are giving me lame excuses that your fees is 10 lakhs only and there is nothing mentioned on your fee invoice abt living expense or text books then why should we provide you....blah blah. Its against the bank policies....we will go with wat's written on your invoice.Maherd said:
Now tell me does any college writes living expenses of students on fee invoice.........bank manager is mad. Not even listening me and now i m not having that much time to try in another bank. So i thought to show extra money in terms of FDR and saving.