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vaishnavgowni

Hero Member
Oct 27, 2011
311
60
Calgary
Hello,

I suggest a loan above 6 lakhs (8 lakhs is recommended) for people who are planning to take a loan instead of GIC as the bank will be issuing a loan till 6 lakhs with out any security.

Now, the problem comes here !! You will be granted a 6 lakh loan against property but the visa officer knows the truth that bank don't need any security till 6 lakhs and visa officer MAY reject your application thinking that there is a fraudulent activity though the loan is genuine!!!

This is just an assumption. Consult other sources too ! Other suggestions will be appreciated as those suggestions may help others.

Good Luck!
 
I take GIC in spp but got rejection tomarrow.
now
Im reapplying in general catagory..
how much loan i have to take.?

I have already pay 1 yr fee.
 
Hey vaishnavgowni.. Can you please send me your Statement od Purpose (SoP) for reference.. E-mail id : vishuetc@gmail.com
 
Hi,

I am new to this forum..
I have applied for 1 year PG diploma in International Business in Red River for May intake and waiting for my offer letter. I would like to know can I get education loan for this program if yes which bank offer loan??
Please Reply..
 
Ambersaria said:
I take GIC in spp but got rejection tomarrow.
now
Im reapplying in general catagory..
how much loan i have to take.?

I have already pay 1 yr fee.

It should cover your living expenses i suppose. My knowledge about general category is quite low. First, mark those points on which you have been rejected and then come with the counter solutions to them so that VO should not get any chance to reject your visa.

Good Luck. Hope to see you soon in Canada.
 
rituritz said:
Hi,

I am new to this forum..
I have applied for 1 year PG diploma in International Business in Red River for May intake and waiting for my offer letter. I would like to know can I get education loan for this program if yes which bank offer loan??
Please Reply..

http://www.canada-spp.com/acceptable-banks-for-education-loan/
 
@vaishnavgown
bro...
Itz your point of view.I went to Bank of Baroda,they said loans below 4 lakhs are given without securities but for above 4 lakh loans,we reqire THIRD PERSON GURANTEE.But if you require loan above 7 lakhs they will give aginst FD or PROPERTY.
If the VO thinks the student is not genuine even after taking 6 lakhs loan(which is more that 10000$)
Then I must say CIC should be making another rule for student to take loan and GIC of 15000$(which equals to 8,10,000 rs)??
CIC clearly mentions loan should be equal to 10,000$,So whats the fault of student If banks give loan on THIRD PERSON GURANTEE.....
 
vaishnavgowni said:
It should cover your living expenses i suppose. My knowledge about general category is quite low. First, mark those points on which you have been rejected and then come with the counter solutions to them so that VO should not get any chance to reject your visa.

Good Luck. Hope to see you soon in Canada.


Rejection is due to low grade in 10th.(46%)
how to cover that point in SOP ?
can i use a medicial that im not physical fite at the time of my 10th exam

(I have 65% in +2)
 
Sid Mani said:
@ vaishnavgown
bro...
Itz your point of view.I went to Bank of Baroda,they said loans below 4 lakhs are given without securities but for above 4 lakh loans,we reqire THIRD PERSON GURANTEE.But if you require loan above 7 lakhs they will give aginst FD or PROPERTY.
If the VO thinks the student is not genuine even after taking 6 lakhs loan(which is more that 10000$)
Then I must say CIC should be making another rule for student to take loan and GIC of 15000$(which equals to 8,10,000 rs)??
CIC clearly mentions loan should be equal to 10,000$,So whats the fault of student If banks give loan on THIRD PERSON GURANTEE.....

May be ! I already mentioned that it is an assumption. I have been to few banks and they mentioned 6 lakhs will be given with out any security. I really appreciate your response bro !
 
vaishnavgowni said:
Hello,

I suggest a loan above 6 lakhs (8 lakhs is recommended) for people who are planning to take a loan instead of GIC as the bank will be issuing a loan till 6 lakhs with out any security.

Now, the problem comes here !! You will be granted a 6 lakh loan against property but the visa officer knows the truth that bank don't need any security till 6 lakhs and visa officer MAY reject your application thinking that there is a fraudulent activity though the loan is genuine!!!

This is just an assumption. Consult other sources too ! Other suggestions will be appreciated as those suggestions may help others.

Good Luck!

i would say it depends!

the new SPP rules say that you should be paying your 1st year FEE in full & a GIC/Bank loan equalant to 10,000CAD
So if you are taking a loan for both the fees and the purchase of a GIC - a higher amount makes sense

But if you have the money to pay your fees using other sources ( which i think is better) then you just need a loan amount that's worth 10,000CAD
more wont hurt but i think wont make any difference. but make sure that the loan letter says the amount is sanctioned for living costs ( not for the course or the fees...bla bla)

Just an observation, not an expert!
 
Thanks@vaishnavgowni
 
finally education loan sanctioned
OMG its vry tough to take education loan
government holidays and bank employers frustrated me nearabt a mnth
planning to pay my fee tommorrow
 
luckymain said:
finally education loan sanctioned
OMG its vry tough to take education loan
government holidays and bank employers frustrated me nearabt a mnth
planning to pay my fee tommorrow
Congo.. for which course n from which bank u got loan??
 
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rituritz said:
Congo.. for which course n from which bank u got loan??
punjab and sind bank
course mechanical engg tool and die in george brown