Mpower loan as proof of funds

[Me_A]

Has anyone used mpower loan as proof of funds and got a visa approval?

 

[Impatient Dankaroo]

Don't show you are taking loan... Use the loan to pay off your tuition and use that as proof of payment

 

[Me_A]

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]

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]

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?

 

[Hugo123]

Are you using any other form of proof of funding?

Yes, I prepared $10000 GIC and $30000 deposit. Moreover, my family could provide $40000 banking statement and some other property certificates.

 

[Daud!!993]

Don't show you are taking loan... Use the loan to pay off your tuition and use that as proof of payment

Can one use it that way?
And on SOP u will not mention that u took a loan?
School will not it's a loan?

 

[Daud!!993]

Can one use it that way?
And on SOP u will not mention that u took a loan?
School will not it's a loan?

Say*

 

[Chawa]

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]

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

 

[shecsy]

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]

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

 

[shecsy]

someone said he was denied student permit because of that posted quora platform

 

[shecsy]

someone said he was denied student permit because of that posted quora platform

I just want to know if that is possible. thanks

 

[Me_A]

I just want to know if that is possible. thanks

That is the first person have had saying that and I know alot of people studying using mpower loans.