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Immigrating to Canada only by educational loan (University category) it's urgent...please suggest me

K

klavin

Full Member
Oct 24, 2017
31
3
Hii..
I got admission in Concordia university...
My Tution fee for Two years is $28000.
and as per CIC living expenses in qubec for two years is $22000.
.
So if I get $50000~(25.5 lakh rupees) as student loan..by a nationalised bank in India..
1) Is it sufficient as a financial proof for visa application?
2) Will it lessen my chances of visa because I am depending entirely on loan?
3) or shall I take 20 lakh loan and pay GIC of 5.5 lakh?
I'll attach IT returns of my parents 6.5 lakh per annum.
!!!Please reply me its urgent!!!

Thanks in advance☺
 
K

klavin

Full Member
Oct 24, 2017
31
3
klavin said:
Hii..
I got admission in Concordia university...
My Tution fee for Two years is $28000.
and as per CIC living expenses in qubec for two years is $22000.
.
So if I get $50000~(25.5 lakh rupees) as student loan..by a nationalised bank in India..
1) Is it sufficient as a financial proof for visa application?
2) Will it lessen my chances of visa because I am depending entirely on loan?
3) or shall I take 20 lakh loan and pay GIC of 5.5 lakh?
I'll attach IT returns of my parents 6.5 lakh per annum.
!!!Please reply me its urgent!!!

Thanks in advance☺
Click to expand...
Is it advisable to do so?
 
K

klavin

Full Member
Oct 24, 2017
31
3
Immstu said:
This option sounds better :

3) or shall I take 20 lakh loan and pay GIC of 5.5 lakh?
I'll attach IT returns of my parents 6.5 lakh per annum.
Click to expand...
Thank you bro...for the response..
But I have to pay that GIC through loan...bank manager is refusing to do so..saying that loan will not be transfered to Personal account (for GIC we have to transfer funds from personel account)..
Help less sistuation right now:(
 
I

Immstu

Champion Member
Jul 31, 2017
1,813
582
klavin said:
Thank you bro...for the response..
But I have to pay that GIC through loan...bank manager is refusing to do so..saying that loan will not be transfered to Personal account (for GIC we have to transfer funds from personel account)..
Help less sistuation right now:(
Click to expand...
Instead of education try to take 5.5 as personal loan and then transfer to GIC a/c. Interest maybe little higher but it will let you through.

All the best
 
S

Suraj johney

Member
Oct 28, 2017
10
0
I applied for education loan for Ontario college graduate certificate program and my loan is rejected , saying Indian banks do not give loans to certificate programs, but guys isn't this a post graduate diploma program?


Regarding Gic , its enough to transfer it from a joint account if student is the primary account holder and the other account holder is his parent
 
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