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Regarding loan, Conestoga college offer letter has just provided the estimated fee for 1 year $14, 600.00 cdn and an option of first semester $7,700.
What are the documents to show the bank if we need loan for complete course fee and GIC and Air flight ticket fee. I'm applyling loan with an asset but confused on what documents to show from college.
For loan:
1. Bank will not give you 100% loan. They can saction 80-85% of total (living+books+airticket+fees)
2. U need colletoral property in city which have 125% value of loan u needed.
3. Income tax return of two year ( your father or mother) who is sponsring ur study in abraod. plus ur acdemic nd all docs.
4.If u meet these requirements. Then bank will follow this procedure.
(a). Search report of ur property or plot in city.
(b) valuation report of plot.
(c) Affidavit of sponser and student.
And some other which bank will aprise u.
After that they will update on their online portal and ZO will approve ur documents after reviewing it.
After aproval Manager will disperse laon in your saving account.
Then for Canada
U can pay fees via Flywire to collage through simple RTGS
and. GIC will be paid though Forex transaction which u will pay 10230CAD .
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