Hello everyone,
I am planning to take out a personal loan to demonstrate that I have additional funds, in addition to the funding letter (approximately CAD $27k) issued by my enrolled university. I intend to use the personal loan, deposited into my salary account, to provide financial support for the initial one and a half months, as well as for travel expenses. Currently, this is the only viable option for me to gather some funds, as I do not have any savings at the moment.
Would this be an acceptable approach, or are there alternative methods to legitimize the personal loan funds for presentation? I am facing confusion on this matter and would appreciate your suggestions.
I am planning to take out a personal loan to demonstrate that I have additional funds, in addition to the funding letter (approximately CAD $27k) issued by my enrolled university. I intend to use the personal loan, deposited into my salary account, to provide financial support for the initial one and a half months, as well as for travel expenses. Currently, this is the only viable option for me to gather some funds, as I do not have any savings at the moment.
Would this be an acceptable approach, or are there alternative methods to legitimize the personal loan funds for presentation? I am facing confusion on this matter and would appreciate your suggestions.