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proof that have enough to pay monthly loan instalments

Fabiog

Hero Member
Mar 22, 2017
397
58
hello,
If the one year course is 8 months and for the first 12 months the education loan we only pay the interest what if I show funds to cover those 8 months in my application

Example if loan repayments are 50$ for the first 12 months and my course is for 8 months if I show that i have $400 (50*8) extra in savings will the visa office be satisfied that I wont need to work to fund myself during the duration of my course.
I will then leave on the 9/10th month to my country. (in this case rather have 10 months of loan repayments)
10000k + 500 =10500 pof.
 

selvakk

Champion Member
Nov 28, 2018
2,414
529
hello,
If the one year course is 8 months and for the first 12 months the education loan we only pay the interest what if I show funds to cover those 8 months in my application

Example if loan repayments are 50$ for the first 12 months and my course is for 8 months if I show that i have $400 (50*8) extra in savings will the visa office be satisfied that I wont need to work to fund myself during the duration of my course.
I will then leave on the 9/10th month to my country. (in this case rather have 10 months of loan repayments)
10000k + 500 =10500 pof.
I remember you were asking about a personal loan of some sort. For the visa purposes, they are not bothered if you can pay the interest, they are only interested that you have the funds with you or in your name.