This is the situation I am in:
1. I am living in Canada for the past two years and just finished a degree that costed 120k + living expenses for two years. I have a 100k education loan back in India which is secured by a property I own in India (more than 100k) and my father is a co-applicant with his assets (much more than the loan amount).
2. I am employed in Canada for the past few months after completing my graduation and am easily paying my living expenses + Loan (even when emi liability didn't start yet). I will be able to do that for the coming years as long as I have a job.
3. I don't have a lot of cash in my accounts since I was paying off the loan without realizing that I will need PoF. I thought people employed in Canada don't but I learnt it the hard way a couple of weeks back.
4. All my documentation (medicals, PCC, business proofs, IELTS ) is complete. and I am thinking of getting a gift deed from my father to provide PoF.
I have 6500 in my account and am thinking of getting 7000 + 12 months of EMI (which starts Feb next year) as gift deed from my father to show my PoF. Should that be enough?
Has anyone got PR after showing Debt in PoF?
1. I am living in Canada for the past two years and just finished a degree that costed 120k + living expenses for two years. I have a 100k education loan back in India which is secured by a property I own in India (more than 100k) and my father is a co-applicant with his assets (much more than the loan amount).
2. I am employed in Canada for the past few months after completing my graduation and am easily paying my living expenses + Loan (even when emi liability didn't start yet). I will be able to do that for the coming years as long as I have a job.
3. I don't have a lot of cash in my accounts since I was paying off the loan without realizing that I will need PoF. I thought people employed in Canada don't but I learnt it the hard way a couple of weeks back.
4. All my documentation (medicals, PCC, business proofs, IELTS ) is complete. and I am thinking of getting a gift deed from my father to provide PoF.
I have 6500 in my account and am thinking of getting 7000 + 12 months of EMI (which starts Feb next year) as gift deed from my father to show my PoF. Should that be enough?
Has anyone got PR after showing Debt in PoF?
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