Does personal loan affect PR file?

[matrixreloded]

Hello I have 1 lakh INR personal loan, around 2000 CAD. This loan is from bank B. The first emi will be cut tomorrow.
I have account in 3 seperate banks, lets say A,B and C.

FOR POF I will be showing $15000 CAD as a gift deed from my sister. So will my personal loan affect the PR application? I will be disclosing all statements/balances from all 3 banks. Only bank B has that loan.

I am going to make PR profile in january, just waiting for ECA.

 

[Maverick28]

Hello I have 1 lakh INR personal loan, around 2000 CAD. This loan is from bank B. The first emi will be cut tomorrow.
I have account in 3 seperate banks, lets say A,B and C.

FOR POF I will be showing $15000 CAD as a gift deed from my sister. So will my personal loan affect the PR application? I will be disclosing all statements/balances from all 3 banks. Only bank B has that loan.

I am going to make PR profile in january, just waiting for ECA.

It should not be an issue.

 

[navinball]

They will subtract the loan from your pof and if it falls below the required amount then your application will be denied. Happened to quite a few people here. One person got denied for a car loan and another for a student loan.

 

[matrixreloded]

They will subtract the loan from your pof and if it falls below the required amount then your application will be denied. Happened to quite a few people here. One person got denied for a car loan and another for a student loan.

Yes, i will ensure POF is 12960+ my loan amount. Looks like i wont have any issues after that.

 

[matrixreloded]

It should not be an issue.

thank you