PEENA said:
Dear Seniors
I am confused in making the bank statement I have a loan of AED 50,000 from a bank in which my direct salary is credited monthly installment is being deducted from this account. I have another personal account from which I am paying my car installments , value of car in 2014 is 65,000 again monthly deduction . Now my total saving at this point is 50,000AED which would raise in next six months ,however I have property back home worth around 80,000AED . please advise me how should I make the statement in this case I am too worried about it.
well for me I made a statement of ASSETS and LIABILITIES like below
Car Worth xxxxx Car Loan Remaining xxxx
Property Worth xxxx (include documents as proof) Other loan remaining xxxx
Bank Balance xxxxx
Total Assets xxxx Total liabilities xxxx
Net Assets = Total Assets - Total Liabilities = This should be more than minimum required as proof of funds. Make sure you include documents for each as bank balance certificate, property valuation, car valuation certificate, liability certificate.
They are doing this to determine if you have enough funds to settle in Canada, so if they approve your residency, they will assume that you will move and your salary will stop coming to your bank account and you will have to clear your liabilities and the remaining is what you have.