Proof Of Fund | Personal Loan History

[CanadaPRJourney]

Hi,

I took a personal loan of US $15000 in Oct 2020, and I have already cleared that loan this month Feb 2021. However, I have maintained a minimum amount required for 1 person since last 6 months.
My question is:
does this personal loan is going to create any trouble in proof of fund, as the loan transaction will be in bank statement?

FYI: I am still waiting for ITA, CRS Score: 475

Thanks for taking the time to read this. I’ll be very grateful for any help in clarifying my doubt.

 

[harsimranjot]

Hi,

I took a personal loan of US $15000 in Oct 2020, and I have already cleared that loan this month Feb 2021. However, I have maintained a minimum amount required for 1 person since last 6 months.
My question is:
does this personal loan is going to create any trouble in proof of fund, as the loan transaction will be in bank statement?

FYI: I am still waiting for ITA, CRS Score: 475

Thanks for taking the time to read this. I’ll be very grateful for any help in clarifying my doubt.

It won't create any problems if your minimum balance was above the requirement. Just mention about loan closure in Letter of explanation.