Does loan sanction letter from CREDILA work for non-SPP visa application #Urgent

[shi7am]

Hi Guys,

I have an admit from the University of Alberta for fall 2016.
I wanted to know whether we can show the loan sanction from Credila as a proof of funds?
I am confused because its name is not present on the list of banks on the embassy site.

Kindly share your inputs and experiences..
thanks
Shivam

 

[succeedbeat]

If the name is not present, then its better to get loan from another bank in that list.

 

[shi7am]

hey
thanks for the reply but due to unavoidable reasons have to take from Credila.
Will it be better if I take the total disbursal of money and then show my bank statements as proof of funds ?

Appreciate the reply.

 

[harvijay1001]

I think the loan sanction letter from Credila will have the branding of HDFC bank only.

HDFC bank is in the list of approved banks right? So it should be fine.

Credila is the division of HDFC bank that provides student loans and CHC would be aware of it. So any education loan from HDFC bank would be from Credila.

hey
thanks for the reply but due to unavoidable reasons have to take from Credila.
Will it be better if I take the total disbursal of money and then show my bank statements as proof of funds ?

Appreciate the reply.

Also no education loan provider will disburse full amount to your personal account. They will directly deposit fee in university's account upon submission of a demand letter from the university