amandeep, tiger.....

[RNK]

i am not able to understand the new rules,

i wish to take a bank loan of 15lakhs and show it as a evidence for fee payment????? is this correct


what should i do???? give me ur valuable suggestions

 

[sandhuboy]

buddy according to me in new rules u have to pay 1 year pay from ur poket by cash.

 

[RNK]

that means we need 14 lakhs to be paid from our hands///
i am totally pissed

 

[RNK]

but if u see the preffered option there it is mentioned that' evidence of payment for first year fee'
they just need a evidence ,i think that can be a educational loan toooooo

 

[sandhuboy]

may be they say we can use loan in place 10000 cad living expensive.

 

[RNK]

i think we just purchase the gic,
and pay the first year fee from bank loan

 

[theamandeep]

Bro according to them evidence for fee means the receipt that you will get for the payment of tuition fee.

See,
In 15 lacs you can manage all very easily But the thing is, you must get it confirm from the Bank that whether they will allow you to use the loan before getting visa.Some banks says to pay tuition fee from your pocket and use the loan after getting visa.

simply your need to do 2 things, if you have open consent of bank to use the loan.
1. pay one yr. tuition fee from the loan that varies from 13000-14000.

2.Just contact with the kodak mahindra bank and ask them to create a 10000$ GIC certificate and pay them from loan too.

later on, you will not need to show the loan letter to CHC.
But if you have abt 13-14 lakhs in pocket then it become more easy for you.
pay both from pocket if you can.

wish is yours.

 

[RNK]

i will pay from bank loan only bro,
i dont want to purchase GIC from the bank loan,but from my own money.( are you sure that we can buy from bank loan??? The gic)
secondly are you sure that we can use bank loan,or else will this be a problem if chc knows about it???

 

[theamandeep]

i will pay from bank loan only bro,
i dont want to purchase GIC from the bank loan,but from my own money.( are you sure that we can buy from bank loan??? The gic)
secondly are you sure that we can use bank loan,or else will this be a problem if chc knows about it???

if you are going to pay 1 yr fee from loan then ,i think you have 2 options.

1. don't create GIC just show them the loan as it is after deducting fees from it.as they have give alternate option.

2. create GIC from pocket and loan of about 8 lacs is enough rather then 15 lacs to pay fee from it.

I think second is the best option if you have 5.5 lacs in your pocket to create GIC.If you think is good to block 10000$ for one yr.

But why to block the money for 1 yr.go for just simple 1 yr fee from loan and show them the rest of the loan as expenses coverage evidence.

thats. it , GIC is not mandatory.

 

[Sid Mani]

if you are going to pay 1 yr fee from loan then ,i think you have 2 options.

1. don't create GIC just show them the loan as it is after deducting fees from it.as they have give alternate option.

2. create GIC from pocket and loan of about 8 lacs is enough rather then 15 lacs to pay fee from it.

I think second is the best option if you have 5.5 lacs in your pocket to create GIC.If you think is good to block 10000$ for one yr.

But why to block the money for 1 yr.go for just simple 1 yr fee from loan and show them the rest of the loan as expenses coverage evidence.

thats. it , GIC is not mandatory.

bro my college fee is 11000$ for first year...so I can pay it in cash and then take a loan of 12000$ for living food transportation for 1 year etc.....It is ok.....my duration of course in 2 years

 

[RNK]

bro,in the checklist it is mentioned to get a educational loan of 10000$ only,(5.5lakhs)
if i take a loan of 15lakhs,the loan sanction letter consists of 15 lakh amount ,which is more than 10k $.



what should i do???




any other experts please help

 

[RNK]

bro my college fee is 11000$ for first year...so I can pay it in cash and then take a loan of 12000$ for living food transportation for 1 year etc.....It is ok.....my duration of course in 2 years

no need of 12000$,just take 10k $.

u r good to go

 

[theamandeep]

bro my college fee is 11000$ for first year...so I can pay it in cash and then take a loan of 12000$ for living food transportation for 1 year etc.....It is ok.....my duration of course in 2 years

I told bro to get your loan sanctioned again. with the amount you need actually.

 

[dsa]

now what should i do know got my loan approved yesatarday only with idbi bank n my whole fle is ready waiting to apply on 24 sep 2012 thats monday.Its really a bad situation what to do know.Why they had declraed the new rules this late if they have to change the rules thaey could have notified us month before.are these new rules are going to be applicable from now or is there any time limit.

 

[RNK]

@dsa
bro, did you pay your college fee?
if not pay your full first year fee from the loan itself,
get the receipts, how much loan did u take?
it must be your first year fee+10000$