Proof of Funds with already existing loan

[optimus123]

Hello all,

I am very confused regarding the proof of funds requirements.

I have a savings account with the required money in it. However, I have also a personal loan (in the same bank) that I took in 2015 and paying for it on a monthly installment. The outstanding amount for the loan is greater than the money I have in my savings account.

My question, must I close the loan to get a proper proof of funds?

Best regards,

 

[jackdawn]

If u have taken this loan for the purpose of POF there wud b problem. If ur loan account is much older and the POF are lying in ur account for 3-6 months then its ok no need to close the account. loans are paid from future income

 

[optimus123]

If u have taken this loan for the purpose of POF there wud b problem. If ur loan account is much older and the POF are lying in ur account for 3-6 months then its ok no need to close the account. loans are paid from future income

Thanks jackdawn for the reply.

No, I did not take the loan for the purpose of POF, I got the loan in Dec 2015 and I got the ITA in Feb 2017. I can provide a statement showing the details about the loan along with each monthly payment that was paid.

 

[optimus123]

Any help is appreciated from anyone with similar situation.

 

[Cai21]

Thanks jackdawn for the reply.

No, I did not take the loan for the purpose of POF, I got the loan in Dec 2015 and I got the ITA in Feb 2017. I can provide a statement showing the details about the loan along with each monthly payment that was paid.

What happened to your application? How did you disclose your personal loan? Thanks!

 

[khaza_139]

Hello all,

I am very confused regarding the proof of funds requirements.

I have a savings account with the required money in it. However, I have also a personal loan (in the same bank) that I took in 2015 and paying for it on a monthly installment. The outstanding amount for the loan is greater than the money I have in my savings account.

My question, must I close the loan to get a proper proof of funds?

Best regards,

Hi. I am in similar situation as yours. Just wanted to know what about your current status. Did you get pr.