hey guyz in need of some info.reply plz :)

[vini8992]

as m done with loan of 11 lac n m gng to submit immovable property statement too,but my consultant still wants me to show funds of atleast 4 lacs,,they may be frm my own bank statement or frm my parents bank statement...m having no prob in showing funds...but still as per i know under spp we have to show jus loan sanction n funds are not required,will these funds make my case strong or are they reali required?????

 

[enfield]

as m done with loan of 11 lac n m gng to submit immovable property statement too,but my consultant still wants me to show funds of atleast 4 lacs,,they may be frm my own bank statement or frm my parents bank statement...m having no prob in showing funds...but still as per i know under spp we have to show jus loan sanction n funds are not required,will these funds make my case strong or are they reali required?????

Hi,

I think Rs. 11 lacs is enough to cover 80% rule (it's almost always around Rs. 8 lacs, but you check it). If you have/or can show more funds it's good, but your "excess fund" doesn't guarantee any visa approval.

I am an ex-Indian Army men and I turned up with justtt Rs. 19,000/ bank statement in my visa application . I had a loan of around Rs. 17.50 lacs. And I submit NOTHING from my Parent side.

 

[vini8992]

Hi,

I think Rs. 11 lacs is enough to cover 80% rule (it's almost always around Rs. 8 lacs, but you check it). If you have/or can show more funds it's good, but your "excess fund" doesn't guarantee any visa approval.

I am an ex-Indian Army men and I turned up with justtt Rs. 19,000/ bank statement in my visa application . I had a loan of around Rs. 17.50 lacs. And I submit NOTHING from my Parent side.

enfield tumhe kya padi thi army chodkar canada jaane ki :-|
i appeared two times for indian navy ssb at bhopal centre 33 ssb
bt both time out of conference
ab bhi 3 ssb hai in jan feb..
Agar ho jata to canada to dur dur tak nai jana tha

 

[shahidsabir2]

dear u just have to follow the instruction on cic.gc.ca other then this u dnt need to worry about

 

[vini8992]

dear u just have to follow the instruction on cic.gc.ca other then this u dnt need to worry about

hmmm thnx

 

[royalsting]

Vini your consultant might ask for bank statement for two reasons, either to add it up to on the "Available Funds" section of application form or to check and keep the proof of payment of fees to the college and your case seems to be the prior one. I don't know if it will make your case stronger or not but its good to show sufficient funds, with rising price of CAD.

 

[Jyoti Dhillon]

acording to spp rules there is 80% of tution+livin+travl..to be shown only unles u paid a sem fee already ...no other saving requred.

 

[Maherd]

as m done with loan of 11 lac n m gng to submit immovable property statement too,but my consultant still wants me to show funds of atleast 4 lacs,,they may be frm my own bank statement or frm my parents bank statement...m having no prob in showing funds...but still as per i know under spp we have to show jus loan sanction n funds are not required,will these funds make my case strong or are they reali required?????

Well I have the same query that has kept me awake last few nights. I have got a loan of 9 lakhs sanctioned and have paid my fee from my savings. Is there any need to show bank statement or Liquid money in form of FDR's or ITR returns or Evaluation of property. I have got frnds who applied without anything else just a sanction letter of 9 lakhs and got their visas, also I have got frnds who showed 6-7 lakhs deposists,ITRs , bank statements etc and got their visas stamped. Won't the CIC ask how will u fund your education after the first year as the loan shows dat u have enough funds for 1 year only ?..The only difference b/w me and my frnds dat got their visas stamped with the sanction letter only is that their course was of 2 years while mine is of 3 three.So they might think an extra year to be sustainable but not 2 years ?..Help me, I am really worried ! My 1 years fee is 13300 $ and i have paid 3.5 lakhs my first semester fee from my savings.Pllzz help !

 

[enfield]

Well I have the same query that has kept me awake last few nights. I have got a loan of 9 lakhs sanctioned and have paid my fee from my savings. Is there any need to show bank statement or Liquid money in form of FDR's or ITR returns or Evaluation of property. I have got frnds who applied without anything else just a sanction letter of 9 lakhs and got their visas, also I have got frnds who showed 6-7 lakhs deposists,ITRs , bank statements etc and got their visas stamped. Won't the CIC ask how will u fund your education after the first year as the loan shows dat u have enough funds for 1 year only ?..The only difference b/w me and my frnds dat got their visas stamped with the sanction letter only is that their course was of 2 years while mine is of 3 three.So they might think an extra year to be sustainable but not 2 years ?..Help me, I am really worried ! My 1 years fee is 13300 $ and i have paid 3.5 lakhs my first semester fee from my savings.Pllzz help !

Hi,


Under SPP there is no need to show anything like ITR, FDR etc. I applied under ‘General’ where ITR is required but I put off nothing like that (of self and Parents). A certified loan is enough for visa purpose (especially for SPP).

I quote;

"Won't the CIC ask how will u fund your education after the first year as the loan shows dat u have enough funds for 1 year only ?"

If you are following that 80 percent rule thn of course you must have something more to show like how would you finance your second year! (At least it’s explicitly required for US student visa). But on CIC website or SPP/general visa checklist it’s not clear enough as to how VO would conclude your capacity to pay second/third year fee. I think it’s better to show something more thn 80 percent. In my case I turned up with only one bank statement (of self only) of around Rs. 19,000/ and one sanctioned loan of around Rs. 17.50 lacs (Total tuition fee is around Rs. 24 lacs, excluding living expenses for 2 years). Now I am not sure how VO actually interprets my second year fee paying capacity.

You are at least fully covered for 1st year

(Rs. 9 lacs loan + Rs. 3.5 paid fee = Rs. 12.50 lacs)
Total one year expenses = CAD 13,300 + CAD 8,000 = Rs. 10.22 lacs

In short, just follow SPP visa checklist and do not think about anything else.

 

[Maherd]

Hi,


Under SPP there is no need to show anything like ITR, FDR etc. I applied under ‘General' where ITR is required but I put off nothing like that (of self and Parents). A certified loan is enough for visa purpose (especially for SPP).

I quote;

"Won't the CIC ask how will u fund your education after the first year as the loan shows dat u have enough funds for 1 year only ?"


If you are following that 80 percent rule thn of course you must have something more to show like how would you finance your second year! (At least it's explicitly required for US student visa). But on CIC website or SPP/general visa checklist it's not clear enough as to how VO would conclude your capacity to pay second/third year fee. I think it's better to show something more thn 80 percent. In my case I turned up with only one bank statement (of self only) of around Rs. 19,000/ and one sanctioned loan of around Rs. 17.50 lacs (Total tuition fee is around Rs. 24 lacs, excluding living expenses for 2 years). Now I am not sure how VO actually interprets my second year fee paying capacity.

You are at least fully covered for 1st year

(Rs. 9 lacs loan + Rs. 3.5 paid fee = Rs. 12.50 lacs)
Total one year expenses = CAD 13,300 + CAD 8,000 = Rs. 10.22 lacs

In short, just follow SPP visa checklist and do not think about anything else.

well thnxx a lot, I am just scared of their reason " you are not well established...bla bla bla ". I have got my dad's ITRs but we just made them up in order to get the loan sanctioned from the bank.My dad didn't file the last 3 years ITRs.But due to the fact that we were filling late returns we had to show the amount of profit to be less than 1.5 lakhs a year in order not to get a penalty. 1.5 lakh a year is a very mere source of income so i think this wud rather weaken my case.Also I have some cash around 2 lakhs, but also, even dats not enough nd might also weaken my case as VO might think this is all i have and I wud not be able to fund my education. I am scared just don't knw what to do.I asked my consultants WWICS ( they are qyt reputed and get a fair amount of gud results ), they suggest me not to show anything else as they have got visas of other students without any other proofs of income but still it worries me !

 

[enfield]

well thnxx a lot, I am just scared of their reason " you are not well established...bla bla bla ". I have got my dad's ITRs but we just made them up in order to get the loan sanctioned from the bank.My dad didn't file the last 3 years ITRs.But due to the fact that we were filling late returns we had to show the amount of profit to be less than 1.5 lakhs a year in order not to get a penalty. 1.5 lakh a year is a very mere source of income so i think this wud rather weaken my case.Also I have some cash around 2 lakhs, but also, even dats not enough nd might also weaken my case as VO might think this is all i have and I wud not be able to fund my education. I am scared just don't knw what to do.I asked my consultants ***** ( they are qyt reputed and get a fair amount of gud results ), they suggest me not to show anything else as they have got visas of other students without any other proofs of income but still it worries me !

Hi,


Well, I believe there are two things;

1. An educational loan
2. ITR + Bank Statement

If you have (1), thn nothing else matter, after all over half of Indians do not file any sort of ITR. You need (2) only to substitute your need of any loan, like a very impressive ITR and a bank statement with heavy transaction. Of course (1) is always preferred. Even CHC (India) has started using the word “Preferred” for educational loan post Spetember-2011. A Loan issuance itself shows that you have a credible financial level and that’s enough.

In my visa application, I focused heavily on my academic achievements, awards, competitive admission process of MBA (like GMAT, telephonic interview) and interestingly enough, I focused too much on proving my ties to Canada (as my sibling live over there, and I wrongly thought it shall strengthen my application). I did nothing to even prove my level of establishment/family tie to India. I just mentioned my work history and put off no support documents. And my visa was delayed due to some issues related to Passport.

I repeat just stick to SPP visa checklist and forget about rest of the things.

 

[Maherd]

Hi,


Well, I believe there are two things;

1. An educational loan
2. ITR + Bank Statement

If you have (1), thn nothing else matter, after all over half of Indians do not file any sort of ITR. You need (2) only to substitute your need of any loan, like a very impressive ITR and a bank statement with heavy transaction. Of course (1) is always preferred. Even CHC (India) has started using the word “Preferred” for educational loan post Spetember-2011. A Loan issuance itself shows that you have a credible financial level and that's enough.

In my visa application, I focused heavily on my academic achievements, awards, competitive admission process of MBA (like GMAT, telephonic interview) and interestingly enough, I focused too much on proving my ties to Canada (as my sibling live over there, and I wrongly thought it shall strengthen my application). I did nothing to even prove my level of establishment/family tie to India. I just mentioned my work history and put off no support documents. And my visa was delayed due to some issues related to Passport.

I repeat just stick to SPP visa checklist and forget about rest of the things.

Thnxx a lot mate ..You relieved me ..God bless u !!