Liability letter - car loan

[Michidsz]

Hey,
I have received an ITA , and have a loan against my car that goes as a direct debit from my account . Whilst producing the liability letter from the bank it will state that I have a loan , which will mean I have a liability .

I plan on clearing the loan by the sale of my car , once the PR is approved .

If you could let me know the impact of this on the rest of my submission ?

Regards

 

[clguy]

Hey,
I have received an ITA , and have a loan against my car that goes as a direct debit from my account . Whilst producing the liability letter from the bank it will state that I have a loan , which will mean I have a liability .

I plan on clearing the loan by the sale of my car , once the PR is approved .

If you could let me know the impact of this on the rest of my submission ?

Regards

No need for a liability letter. This will have no impact on your application. As long you are able to show liquid cash in an account for proof of funds you will be good.

 

[Michidsz]

No need for a liability letter. This will have no impact on your application. As long you are able to show liquid cash in an account for proof of funds you will be good.

Alright thank you