Request for information - Proof of Funds - please help

[Sarav]

Hello,

I am applying from India for Sep 2016 intake in George Brown college for Business management course.
I have got the admission letter. The Tution fee is CAD 14,900 for a year. The Cost estimate sheet shows that the Tution fee + Other expenses will be around CAD 30,000 for the complete year.

I have the following funds to show as proof:
1. A loan approval from Indian bank for CAD 14,000
2. GIC investment in Canadian bank my name for CAD 10,000
3. I am planning to pay the first semester fee myself which is CAD 7000
So the including all the above, it comes to CAD 31,000

Also, i am planning to get a letter from my sibling to support me for any additional expenses that may occur.

Is the above good enough to prove that i have enough funds?
Please suggest me if anything else will help me with the visa approval.


Thank you in advance...

 

[Farko]

I don't think so....

 

[Sarav]

I don't think so....

Hi Farko,
Sorry, I did not understand.
Do you mean the funds are not enough?

Thank you,
Sarav

 

[Farko]

They are not enough...
The VO are no kids;they are very smart

 

[Sarav]

They are not enough...
The VO are no kids;they are very smart

Thanks Farko,

Could you please help me with suggestions on any additional proofs that i can show?

Thank You,
Sarav

 

[Sarav]

Hello,

Any suggestions on this? Please helpme with suggestions.

Thank you,
Sarav

 

[re3dv]

Is ur sibling in canada? Have u bought the GIC wd the loan u obtained from india or is that money separate? Wat do u mean by paying first semester fees by urself? Is tht 7000 separate?

 

[Sarav]

Is ur sibling in canada? Have u bought the GIC wd the loan u obtained from india or is that money separate? Wat do u mean by paying first semester fees by urself? Is tht 7000 separate?

Hi re3dv,

Thank you for the reply.
My sibling is in Europe. She is working there from a long time.
The GIC which i bought is not from loan obtained. Its from my own savings money.
I mean I have already paid the 7000 dollars of first semester fee from my own savings. This is because - bank will release the funds only after visa is issued. But college has given a deadline to pay the first semester fee. So I paid it on my own.

Thank you,
Sarav

 

[Sarav]

They are not enough...
The VO are no kids;they are very smart

Hi Farko,

I spoke to the bank and they are agreeing to increase my loan approval to CAD 26000 from CAD 14000 if I show more security. So below is the latest break up.

I have got the admission letter. The Tution fee is CAD 14,900 for a year. The Cost estimate sheet shows that the Tution fee + Other expenses will be around CAD 30,000 for the complete year.

I have the following funds to show as proof:
1. A loan approval from Indian bank for CAD 26,000 (This is more than the 80% of total fee (Tuition fee + living))
2. GIC investment in Canadian bank my name for CAD 10,000
3. I am planning to pay the first semester fee myself which is CAD 7000
So the including all the above, it comes to CAD 43,000

Do you think this is enough?

Please advice,

Thank You,
Sarav