Loan details of property as proof of fund or home ties
- Thread starter coolcham
- Start date
shopnodana91
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- Dec 20, 2016
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- Category........
- STUDY
- Visa Office......
- Singapore
- NOC Code......
- 2141
- App. Filed.......
- 13-01-2021
- Med's Request
- 02-03-2021
- Med's Done....
- 08-03-2021
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- 01-04-2021
Land could be showed as home ties. You can submit CA evaluation of those lands. But, not as fund i suggest.
Ok bro. I got the money by given that land to the bank to get the loan. Will it be a problem if I show that loan as home ties?
shopnodana91
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- Dec 20, 2016
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- Category........
- STUDY
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- NOC Code......
- 2141
- App. Filed.......
- 13-01-2021
- Med's Request
- 02-03-2021
- Med's Done....
- 08-03-2021
- Passport Req..
- 01-04-2021
Actually, loan has different views. Such as, you have a good work experience in your country but still you want to pursue higher degree with taking loan from bank. This will adverse your chances. On the other hand, you have loan and to pay the loan you have to come back to your residence which will strengthens your home ties.
It depends on the situation.
However, most important fact is you must show the source of money and the money should be legitimate. If you can show the money you have has valid source then no need to show loan, but if you don't have other legitimate source you can show the loan as source of fund.
Think in the perspective of officer and try to convince in study plan as much as possible.
This is quite open to interpretations & how VO will consider this. If you are going to show a loan, VO will consider how you are planning to recover this loan considering you will be allowed to work only 20 hrs during your time of study. So should you not be able to pay this back you might loose your land & you will stay back since nothing to loose.
On other hand, it can be seen as a tie that you will return to your country considering you have financial ties.
Just make sure you provide a solid plan in your SOP on how you intend to repay your loan & what you will do once you return home
shopnodana91
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- Dec 20, 2016
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- NOC Code......
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- App. Filed.......
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- Med's Request
- 02-03-2021
- Med's Done....
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- Passport Req..
- 01-04-2021
If you show your wife and children as home ties, it would be difficult to apply for them to come to canada while you are studying there. If you dont want to bring your wife and children ,then no problem. If you have sufficient money try to bring them with you. Think before plan.
shopnodana91
Hero Member
- Dec 20, 2016
- 268
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- Category........
- STUDY
- Visa Office......
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- NOC Code......
- 2141
- App. Filed.......
- 13-01-2021
- Med's Request
- 02-03-2021
- Med's Done....
- 08-03-2021
- Passport Req..
- 01-04-2021
Again, I am saying you can show them as country tie but if you would be there it would be difficult to bring them into canada.
Also, chances of study permit with spouse OWP are higher now. You may bring them if you have money, only for financial resources you can exclude them.
ok . Since I applied CAQ with 0 applicant , I think I can not add them to the study permit application now
shopnodana91
Hero Member
- Dec 20, 2016
- 268
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- Category........
- STUDY
- Visa Office......
- Singapore
- NOC Code......
- 2141
- App. Filed.......
- 13-01-2021
- Med's Request
- 02-03-2021
- Med's Done....
- 08-03-2021
- Passport Req..
- 01-04-2021
For spouse no CAQ is required. For children who need to study there CAQ required, otherwise not.ok . Since I applied CAQ with 0 applicant , I think I can not add them to the study permit application now
shopnodana91
Hero Member
- Dec 20, 2016
- 268
- 72
- 39
- Category........
- STUDY
- Visa Office......
- Singapore
- NOC Code......
- 2141
- App. Filed.......
- 13-01-2021
- Med's Request
- 02-03-2021
- Med's Done....
- 08-03-2021
- Passport Req..
- 01-04-2021
As you are destined to Quebec, you have to show 5100 CAD per additional member for one year. That means you have to show 5100x3 CAD for them for first year. Your cost for first year would be as per LOA which you got from your DLI.
Noted. thanks dude! i decided to apply alone as I dont have sufficient and will try to take them later
