FUNDING NEED info????

[sandepn]

I completed my Medical's for visa. I have all the letters expect bank loan letter. As i got offer letter bit late my loan might get delayed , but i m worried about taking chances for filing visa after DEC 1. So i m planning to arrange my ow funds and apply for visa then revert the money from bank letter(i m sure i ll get loan , but it might be delayed).My classes starting on Jan 12. i dono what is the amount i should i show to visa.

I have 10 lacks from my dad and bro-in law savings.

my tut fee for whole course is US $24,100 ($7000,$7000,$7000,$3100 for four terms)
living expense is $16,000
total= $40000 approx
(20lacks total fee including cost of living as in my offer letter)

My QUERY is how much should i show to visa people that i have this much funds????
Do i have to put all money in my A/c and show bank statement or what is the exact procedure for showing funds for one year living +tuition fee?

please help me out???

 

[royalsting]

You need to show only 80% of first years living plus tuition ie you need to show around 9 lacs (on a safer side and this is after paying 1 terms fees).

If you are applying under SPP, bank loan is the only way you can prove your financial capability.

Why don't you cancel that loan and apply for loan against FD? It will be quick and you shall receive Loan Sanction letter within 2-4 days of time.

 

[sandepn]

Well my university is not under SPP. (FDU, vancouver). Even bank manager told the same thing and he will issue the loan on FD with in one day. but he also mentioned its not education loan . Is that okay???(shaill i show any loan)


If i m showing funds how can i show that, like bank statement of cash in my A/c or wat? i m totally unaware of such things...

 

[Jyoti Dhillon]

no its not an issue if they didnt write education loan but make sure not to write term loan and demand loan
they can write
this is with reference to your application for sanction of loan rs ............. can be use for any purpose including higher study or study aborad.

its also correct. but tell them not to write term loan and demand loan..

 

[sandepn]

thank you... for loan matter. wat about funds? can't i show only cash statemet in my A/c

 

[Jyoti Dhillon]

you have to show your savings from your, your mother and father accounts ,here you have to show your total fees+living cost for 1 year with the help of your savings and education loan.
and for income proof use ITRs , Jforms , Rent deeds ,