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Sanctioned LOAN is 85%, BUT it includes tution fee+ living ( I NEED TO CLEAR MY

vashuman

Member
May 22, 2013
15
0
Hello everyone,

i have a big doubt in my mind about meeting the requirements for study permit. my course fee for the year is 18.75 lac INR ( 34,750 CAD ) + i need to show 5.4 ( 10k CAD )lac INR for my living . i approached to SBI and they approved my loan that includes the tution fee and the living expenses. But the doubt is that the bank pays 85% of the applied loan amount and 15% is the margin money. So in my case the bank will approve 20 lac loan , plus i have paid 1lac to the institute. I am really confused regarding the funds that i need to show. And problem is that i cannot show the statement having the steady funds for 6 long months .


Please someone clear my doubts and show me a way out of it. I need to apply for the Canadian Visa.