LOAN LOAN LOAN (simple question)

[vickyindia]

hello friends,
in very few words i can say that i will be going to seneca or centennial in january. I have started with the process.I have gone to banks and have told them that i want a loan for my education.They ask me which university.Then i say they both are colleges not universities ...then they ask what is the ranking ..i say there is no ranking as such..so guys please help me how can i justify the level of my college and do these colleges come under some university...the loan people are just concerned about the authenticity of these colleges !please provide the ranking of these colleges if any!

 

[dbss]

hello friends,
in very few words i can say that i will be going to seneca or centennial in january. I have started with the process.I have gone to banks and have told them that i want a loan for my education.They ask me which university.Then i say they both are colleges not universities ...then they ask what is the ranking ..i say there is no ranking as such..so guys please help me how can i justify the level of my college and do these colleges come under some university...the loan people are just concerned about the authenticity of these colleges !please provide the ranking of these colleges if any!

these colleges are provincially and federally funded public community colleges and they are verified by CIC...check the list of colleges on CIC for SPP...

 

[vickyindia]

these colleges are provincially and federally funded public community colleges and they are verified by CIC...check the list of colleges on CIC for SPP...

yeah but how can i justify that to loan sanctioning people .they want proof .universities are trackable on the internet by QS world rank or some other rank system unlike colleges.

 

[andysingh]

hello friends,
in very few words i can say that i will be going to seneca or centennial in january. I have started with the process.I have gone to banks and have told them that i want a loan for my education.They ask me which university.Then i say they both are colleges not universities ...then they ask what is the ranking ..i say there is no ranking as such..so guys please help me how can i justify the level of my college and do these colleges come under some university...the loan people are just concerned about the authenticity of these colleges !please provide the ranking of these colleges if any!

You do not have to choose high ranked college to get your loan passed from the bank. Just give them a copy of your offer letter. They are saying you that cause they may not trust you or something. Take any person along with you who has good bank balance in the same bank.

 

[vickyindia]

thanks buddy but bank people came to my house rather
my dad has given billion of rupees of business to these banks through ministry of defence ..hope they will give me the loan

 

[andysingh]

thanks buddy but bank people came to my house rather
my dad has given billion of rupees of business to these banks through ministry of defence ..hope they will give me the loan

Then there should be no problem at all. Just give them the paperwork they need and then you are good to go.

 

[dbss]

thanks buddy but bank people came to my house rather
my dad has given billion of rupees of business to these banks through ministry of defence ..hope they will give me the loan

probably not a good idea to say it out loud here..

 

[rkapoor]

applying under university category

I have searched for Credilla and I have found that it is RBI recognized
So why there is a problem for visa acceptance if we have loan from Credilla
anyone who had ever tried to get visa with Credila loan
I have heard that it is accepted all over the world except UK

I checked the below link and under this post someone has mentioned the same
http://www.canadavisa.com/canada-immigration-discussion-board/is-credila-loan-acceptable-for-study-permit-t76181.0.html




ashok123
Newbie
*

Posts: 1
Ratings: +0
[Good] [Poor]



Re: Is credila loan acceptable for study permit
« Reply #1 on: July 19, 2011, 01:04:09 am »
Reply with quoteQuote
Hi

Yes the Credila letter will be acceptable as they are under the regulation of Reserve Bank of India (RBI). Canada Visa officials will accept loan letter from any financial institution, even if the bank is not listed on thier website, as long as the financial institution is under RBI regulation.
Only, your study permit application will be considered under the general category and not under the SPP
My cousin tried for Canada through Credila, he contacted the Canadian High commission who gave the above confirmation. Now, he is in Canada and about to finish the degree! You can also contact the High Commission, Delhi via email to clarify your doubts:
ANyway, the Credila loan letter will be fine and you should not face any issues, all the best!

 

[vickyindia]

probably not a good idea to say it out loud here..

probably isn't such a good idea to say it out loud here either :-D

 

[siddhesh398]

It wont' be a problem to get loan for getting admission to the diploma programs in the colleges, take print-out for immigration website which mentions this SPP colleges.

But in India loan is provided to only rich-kids , if you don't have house to provide as collateral security or liquid funds equivalent to fees of course studies forget getting loan.

Visit more banks and you will get education loan , since policies of bank varies from one to another.

 

[rkapoor]

I am not asking whether I will get loan or not
My question is whether education loan from Credila for university category is acceptable or not

 

[vickyindia]

no its risky to get it from credila under general category ..go by guidelines

 

[helix]

hello friends,
in very few words i can say that i will be going to seneca or centennial in january. I have started with the process.I have gone to banks and have told them that i want a loan for my education.They ask me which university.Then i say they both are colleges not universities ...then they ask what is the ranking ..i say there is no ranking as such..so guys please help me how can i justify the level of my college and do these colleges come under some university...the loan people are just concerned about the authenticity of these colleges !please provide the ranking of these colleges if any!

You may find the rankings of colleges in these websites. (Don,t know how authentic they are)

http://www.university-list.net/canada/rank/univ-090004.html

[http://www.webometrics.info/en/North_america/Canada