New spp rules, do source of funds matter in preferred option for funds ???

[Shoeb_Shaikh]

Hi guys,
In a dilemma !!!

I have 8 lacs cash in hand, and thinking of taking 5-6 lacs loan from a family friend on 3-4 % interest .
Will this option work.
My agent told that as i show only 3 lacs on itr, they can reject ur case saying where the funds come from !!1

Help me guys really i wanna go 4 the jan.13 intake.

 

[Shoeb_Shaikh]

Any1 here with similar dilemma !!
help senior memb[flash=200,200][/flash]ers

 

[adi9771]

Hi guys,
In a dilemma !!!

I have 8 lacs cash in hand, and thinking of taking 5-6 lacs loan from a family friend on 3-4 % interest .
Will this option work.
My agent told that as i show only 3 lacs on itr, they can reject ur case saying where the funds come from !!1

Help me guys really i wanna go 4 the jan.13 intake.

Loan is mandatory

 

[peep]

the thing is thst you can use that 8 lacs for your ist year tution fees but for living expenses you can take loan or make gic.whereas for loan of 5-6 lacs there is no need of property or fd just there would be a guarantor i.e father, mother etc not third party

 

[Shoeb_Shaikh]

thanx a ton,

again the situation how to take gic of 10000$,

can i take money towards paying GIC from our family Frnd.
8 lacs towards tution and 6 lacs private funding from family frnd, will that work as we show itr of 3 lacs only.i mean in visa any questions will arise of that 6 lacs funding.

also my idea is to get 6 lacs from frnd and get loan of this by making FD towards living expenses showing.

 

[peep]

there i no need of itrs and proof of funds in spp u just have to buy gic embassy just want gic

 

[asiss kumar]

Pay your fee from the money you have in liquid.
For the expenses you can take loan from any bank,only gurantee is required .(third party for the loan below 7.5 lacs)
I suugest you , to buy GIC,this will increase the chances of visa ..
Good luck

 

[Shoeb_Shaikh]

thanx a ton 4 response,

u guys r saying that pay fees from my own savings and take loan from my friend and make a fd of this to get loan for living expenses

 

[pritish87]

Friends ,

this would sound stupid though need to clear my doubts , please help me .

Bit confused with above few post , some said loan is mandatory and other said can pay the fee from hand and GIC as a loan.

My doubts:-
Is Loan Mandatory ?
Can we take loan only for GIC or Only for fee?
or for eg if we club both GIC and Fee and its comes around 15 lakhs ,and if we can manage to shell 13 from pocket can we take rest 2 lakhs?

Seniors your inputs \help appreciated

 

[asiss kumar]

Pay your fee from the money you have in liquid.
For the expenses you can take loan from any bank,only gurantee is required .(third party for the loan below 7.5 lacs)
I suugest you , to buy GIC,this will increase the chances of visa ..
Good luck

guys first option is ---just pay your first year fee complete..rest $10000 CAD you can show by taking loan
or
pay first year fee .and for $10000 CAD ,buy GIC (if you have money)..
choice is yours...

 

[Shoeb_Shaikh]

So can i do this,

8 lacs of mine + 1.5 lacs from friend towards tution fees(mine is around 9.4 lacs)./
Take a loan from bank of 10 lacs towards living expenses.
But will bank give loan for living expenses ??
Thats a concern for me..

Also can i take private loan ie. personal or loan against property towards buying GIC ???

Pls help me guys

 

[asiss kumar]

So can i do this,

8 lacs of mine + 1.5 lacs from friend towards tution fees(mine is around 9.4 lacs)./
Take a loan from bank of 10 lacs towards living expenses.
But will bank give loan for living expenses ??
Thats a concern for me..

Also can i take private loan ie. personal or loan against property towards buying GIC ???

Pls help me guys

Dude you have around 10 lacs with you,pay your fee from thz.
Rest for $10000 CAD ,(around 5.5 lacs)..take loan or buy GIC..

 

[Neelesh Bist]

Hi guyz.
I applied for my visa on 7 august for sept 2012 intake. I got medical futhrance.10 oct I got clerance from medicals. Now i have to only submit my passport to vfs? Or i have pay full fees to thr college.
Coz i have already paid my first semester fees on 8 july 2012.do ihave to do new documentaion coz they never rejected my visa they just gave me medical futhrance.
Please advise