Hi,
Following is the scenario i need help with:
My boyfriend has two bank accounts and is planning to take a personal loan for proof of funds from one of his banks and transfer the money in small amounts to the other bank, however my previous research tell me that this could be a problem when addressing the credit/debt bit while applying as they might ask for the bank statements for both the account and also the loan could be traced back with the help of your PAN Card. I have been trying to find a way around it but everything is too confusing. Also his father is working but he wouldn't be able to take a loan on my boyfriend's behalf and gift the money since he will be retiring soon and has a private job with a low income.
Is there anything else that can be done in this case, apart from saving? Borrowing the whole amount from friends is also not possible. What can be done here? Loan is the only way he will be able to have that sort of money in his account.
P.S. Payment of the loan isn't an issue as he will make sure the payments are done on time. Also he will make sure that he has a job within the first month in Canada since he has acquaintances who can help him out with it.
Following is the scenario i need help with:
My boyfriend has two bank accounts and is planning to take a personal loan for proof of funds from one of his banks and transfer the money in small amounts to the other bank, however my previous research tell me that this could be a problem when addressing the credit/debt bit while applying as they might ask for the bank statements for both the account and also the loan could be traced back with the help of your PAN Card. I have been trying to find a way around it but everything is too confusing. Also his father is working but he wouldn't be able to take a loan on my boyfriend's behalf and gift the money since he will be retiring soon and has a private job with a low income.
Is there anything else that can be done in this case, apart from saving? Borrowing the whole amount from friends is also not possible. What can be done here? Loan is the only way he will be able to have that sort of money in his account.
P.S. Payment of the loan isn't an issue as he will make sure the payments are done on time. Also he will make sure that he has a job within the first month in Canada since he has acquaintances who can help him out with it.