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Mpower loan as proof of funds

Me_A

Star Member
Nov 16, 2021
163
19
Don't show you are taking loan... Use the loan to pay off your tuition and use that as proof of payment
They only disburse the amount to school after the visa is approved so they just give you an approval letter
 

Hugo123

Newbie
Mar 4, 2022
2
0
Hello, I have accepted the MPOWER loan . Right now, I just begin my study permit application process, and I am not sure whether the approval loan letter could be used as the proof of funds. But the MP financing company insists that that letter could be useful.
 

Me_A

Star Member
Nov 16, 2021
163
19
Hello, I have accepted the MPOWER loan . Right now, I just begin my study permit application process, and I am not sure whether the approval loan letter could be used as the proof of funds. But the MP financing company insists that that letter could be useful.
Are you using any other form of proof of funding?
 

Chawa

Newbie
Nov 28, 2022
1
0
Has anyone used mpower loan as proof of funds and got a visa approval?
Hie , just wondering if you finally used the loan & what was the outcome . I’m also trying to use it as proof of funds .
Thanks
 

Me_A

Star Member
Nov 16, 2021
163
19
Hie , just wondering if you finally used the loan & what was the outcome . I’m also trying to use it as proof of funds .
Thanks
yes I used the loan but I also shown some of my own funds. you can check my signature for the outcome
 
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shecsy

Newbie
May 17, 2023
7
0
yes I used the loan but I also shown some of my own funds. you can check my signature for the outcome
I was told you might be denied student permit at the point of entry if you use mpower loan as proof of funds on the ground says you are likely stay back in canada after your study due to mpower 10yrs payment terms.
how true is this?
 

Me_A

Star Member
Nov 16, 2021
163
19
I was told you might be denied student permit at the point of entry if you use mpower loan as proof of funds on the ground says you are likely stay back in canada after your study due to mpower 10yrs payment terms.
how true is this?
Have never had of this