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kravi

Member
Apr 22, 2011
11
0
Hi all,

Thanks in advance for evaluation.

I got admission in humber college in Global Buisness management. My total fees for course is CAD$ 12,200/- and i already paid 6100 CAD$ for first semester. I am having loan of Rs. 8.00 lakhs . Is it efficient amount of loan for file processing?

Gimme your valuable opinions as somebody is telling me that loan should be of Rs. 10.00 lacs.

Thanks again

Waiting for your replies :)
 

Mikail86

Full Member
Oct 8, 2011
33
0
I'm going to apply for Global Business Management at Humbers and I just finished my BCA here in Bangalore University. I'm interested in working in the management area and my brother -in-law there in Canada suggests that this a good course. I'm wondering if i will get a student visa for this course. Also the funding part is scaring me, my father just got retired but my brother in law in Toronto says that he'll be my sponsor my studies. Although money is not an issue, I have enough to pay for my first year fees upfront, and the rest by doing part time work. Im not sure if this is enough. Can anyone please advise me?
 

enfield

Champion Member
Aug 2, 2011
2,693
215
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kravi said:
Hi all,

Thanks in advance for evaluation.

I got admission in humber college in Global Buisness management. My total fees for course is CAD$ 12,200/- and i already paid 6100 CAD$ for first semester. I am having loan of Rs. 8.00 lakhs . Is it efficient amount of loan for file processing?

Gimme your valuable opinions as somebody is telling me that loan should be of Rs. 10.00 lacs.

Thanks again

Waiting for your replies :)

Hi,


In all you have to show an Educational Loan from an Indian bank equal to at least 80% of tuition +living + travel expenses for one academic year (normally, first year’s tuition plus $8000).


It should be CAD 12,200 + CAD 8,000 = CAD 20,200 (for 1 year). Since you have already paid CAD 6,100 towards your first semester fees, so now left CAD 6,100 (second semester fees) + CAD 8,000 (Living expenses for one year), which means you have to show a total of CAD 14,100 (Rs. 6,70,000 approx) for your visa and with Rs. 8 lacs loan amount you are through !!