Enfield, ramzero and others kindly help for LOAN

[Saqib053]

I have 23 lac in my own a.c. the ac is around 7 months old.

i have to make my funds upto 40 lac.

now for remaining 17 lac i have decided to take a loan.

23 lac rupees i have nothing to show as of what is the source of that 23 lac rupees. but its 7 month old bank statement.

now what i want to ask is that should i go for remaining 17 lac as a loan or should i go for 40 lac loan.

which option is better.

what are the chances if i take loan of 4 million rupeees.

 

[AKIF MOIN]

U have to show Rs.40lac as the loan.

 

[yasirmajid]

LoC or Loan for Education purpose is always a better option. However, it is a tedious process to get LoC or study loan in Pakistan. Avail bank loan only if you know you will be able to pay back them; as Bank will charge an awesome interest over it. So better careful fo that option though a better option considering study permit visa.

Regards
Y

 

[momi]

I have 23 lac in my own a.c. the ac is around 7 months old.

i have to make my funds upto 40 lac.

now for remaining 17 lac i have decided to take a loan.

23 lac rupees i have nothing to show as of what is the source of that 23 lac rupees. but its 7 month old bank statement.

now what i want to ask is that should i go for remaining 17 lac as a loan or should i go for 40 lac loan.

which option is better.

what are the chances if i take loan of 4 million rupeees.

The bank loan in Pakistan is too expensive and hard to get..........The chances are very good if you take loan of Rs. 4 million (Certified bank loan).

 

[AKIF MOIN]

Two types of Bank supports are available in Pakistan.

Running finance if u are applying for UK or Australia.
Loan If u are for Canada.

Their is no requirement of Mortgage for loan. Bank policy has been changed for Canada and now it offers loan on the base of 10% security deposit.
Follow this calculation:


1.RUNNING FINANCE

3million bank statement requirements.
Deposit : 3,50,000
Markup 6% for 7 months: 105000 .: 7 months because 4 months to mature it and 3 months for visa processing.
Forms Charges: 3500
Financier Charges: 45,000
Total Deposit in Bank: 4,44,000

Total Sunk Cost: 153500
Refund:350000

The above calculation is same for loan but the most important part is that we don't need to mature loan four 4 months so that that we have to pay Markup 6% for 3 months that is the time period for visa processing. C the following calculation.

2.LOAN
3million bank statemen:
Deposit : 3,50,000
Markup 6% for 3 months: 45000
Forms Charges: 3500
Financier Charges: 45,000
Total Deposit in Bank: 4,44,000

Total Sunk Cost: 93377
Refund:3,50,000

I think it would be better if we go for loan.

Borrowing loan is the best condition in Pakistan. Now the SILK and SINDH bank offer facilities and mention it on it letterhead that the bank offer loan on the base of state bank policy. That are good conduct in Pakistan, good job in Pakistan, surety of two responsible citizen and many other mention on SBP site.

This loans r only to show, students can never use it as they can never use running finance. The account is being seized until reply of CHC.

 

[Saqib053]

this loan will be applied by my consultant. he ill morgage some money to get loan.

that what he said to me.


he said we will not go for running finance as in running finace the credit is shown in minus. and for loan you get the full bank statement.

 

[momi]

this loan will be applied by my consultant. he ill morgage some money to get loan.

that what he said to me.


he said we will not go for running finance as in running finace the credit is shown in minus. and for loan you get the full bank statement.

@Saqib

Be careful and check it out that it is a certified genuine Bank loan..............

 

[Saqib053]

ofcourse i will momi bhai.

 

[geminiyo]

Two types of Bank supports are available in Pakistan.

Running finance if u are applying for UK or Australia.
Loan If u are for Canada.

Their is no requirement of Mortgage for loan. Bank policy has been changed for Canada and now it offers loan on the base of 10% security deposit.
Follow this calculation:


1.RUNNING FINANCE

3million bank statement requirements.
Deposit : 3,50,000
Markup 6% for 7 months: 105000 .: 7 months because 4 months to mature it and 3 months for visa processing.
Forms Charges: 3500
Financier Charges: 45,000
Total Deposit in Bank: 4,44,000

Total Sunk Cost: 153500
Refund:350000

The above calculation is same for loan but the most important part is that we don't need to mature loan four 4 months so that that we have to pay Markup 6% for 3 months that is the time period for visa processing. C the following calculation.

2.LOAN
3million bank statemen:
Deposit : 3,50,000
Markup 6% for 3 months: 45000
Forms Charges: 3500
Financier Charges: 45,000
Total Deposit in Bank: 4,44,000

Total Sunk Cost: 93377
Refund:3,50,000

I think it would be better if we go for loan.

Borrowing loan is the best condition in Pakistan. Now the SILK and SINDH bank offer facilities and mention it on it letterhead that the bank offer loan on the base of state bank policy. That are good conduct in Pakistan, good job in Pakistan, surety of two responsible citizen and many other mention on SBP site.

This loans r only to show, students can never use it as they can never use running finance. The account is being seized until reply of CHC.

how long we have to keep this 3million bank loan statment in our account ? 4,5 or 6 months please elaborate and is this the total cost of a bank loan ?? meaning we just have to pay only 94000 approx PKR to satisfy CIC Islamabad are u sure nothing else ??? i mean we don't have to pay all the mortgage till completing our studies in Canada ?