Expresa entry- proof of finance.

[kichi22]

Hello friends

I have gotten the invitation and now am at the stage of documents upload.
Now i have a standing home loan whose EMIs get deducted from ky savings account. My question is what is the correct and best way to show my POF? Should i be showing my outstanding loan or just all my savings account details?

 

[ja_jamal]

Hello friends

I have gotten the invitation and now am at the stage of documents upload.
Now i have a standing home loan whose EMIs get deducted from ky savings account. My question is what is the correct and best way to show my POF? Should i be showing my outstanding loan or just all my savings account details?

Include your outstanding loan in the POF

 

[shri_canada]

Hello friends

I have gotten the invitation and now am at the stage of documents upload.
Now i have a standing home loan whose EMIs get deducted from ky savings account. My question is what is the correct and best way to show my POF? Should i be showing my outstanding loan or just all my savings account details?

No need to provide any outstanding loan information in your POF document and make your profile more worse. Just show bank statements which will showcase C$ 15 - 16 K (for family of 2 people) or higher as per family members number requirement under CIC.

 

[kichi22]

No need to provide any outstanding loan information in your POF document and make your profile more worse. Just show bank statements which will showcase C$ 15 - 16 K (for family of 2 people) or higher as per family members number requirement under CIC.

Thank you for the Reply but someone told us that we should not hide anything in our profile. This is what has lead to all this confusion. However, Showing the outstanding home loan might put a negative impression though we Do have the required funds 18k$ for family of three,

 

[shri_canada]

Thank you for the Reply but someone told us that we should not hide anything in our profile. This is what has lead to all this confusion. However, Showing the outstanding home loan might put a negative impression though we Do have the required funds 18k$ for family of three,

That's fine .. How they will come to know about your loan? While doing Proof of fund check will they go to banks and ask if you have outstanding loan? No right, so don't complicate things and keep it simple. I had a loan and I didn't put in my profile. I am currently at Background check in progress status.

 

[ja_jamal]

Thank you for the Reply but someone told us that we should not hide anything in our profile. This is what has lead to all this confusion. However, Showing the outstanding home loan might put a negative impression though we Do have the required funds 18k$ for family of three,

are you going to attach the bank transactions?

 

[kichi22]

That's fine .. How they will come to know about your loan? While doing Proof of fund check will they go to banks and ask if you have outstanding loan? No right, so don't complicate things and keep it simple. I had a loan and I didn't put in my profile. I am currently at Background check in progress status.

Hello

we have monthly EMI deductions which would be shown in the 6 month bank statements. its a home loan.

 

[kichi22]

y

are you going to attach the bank transactions?

yes.. 6 month acct statement.

 

[ja_jamal]

y

yes.. 6 month acct statement.

Your bank statements will show the loan deductions right?. If you have sufficient fund then include your loan in the POF, this is the requirement from CIC. And you are getting monthly salary, I don't think there is any problem in including the loan details in POF.