EDUCATION LOAN CONFUSION?

[money0044121]

hello everyone plaese help me
i am applying under spp for jan 2012 intake at CHC CHD and and my course is of 2 year(diploma)

my one year fee is $13,166.00 (6,31968.00 INR)

i am applying for a loan of 10lac and my fee is paid from my education loan for 1st semester or term.
after paying my fee for first term my loan left is 7,20000.00 lac

so it is ok to apply with 7,20000.00 lac remaining in education laon?

i am also having 3,0000 lac cash in hand what should i do with that cash should i deposit whole amount in my saving account or make FDR ?

help me
thank you

 

[vini8992]

Its absolutely k..dun wori at al

 

[money0044121]

what should i do of rs.3,00000.00(3lac) cash in hand fdr or deposit it in saving account?

 

[vini8992]

what should i do of rs.3,00000.00(3lac) cash in hand fdr or deposit it in saving account?

u cn show it as ur liquid property.........

 

[money0044121]

liquid property means?

 

[vini8992]

liquid property means?

means u cn show it in urs or ur parents saving account .........

 

[money0044121]

currently 3 lac is deposited in my saving account and i will give balance certificate to CHC.

is balance certificate enough?

 

[vini8992]

currently 3 lac is deposited in my saving account and i will give balance certificate to CHC.

is balance certificate enough?

balance certificate,,u mean to say loan balance certificate??????

 

[money0044121]

no not loan balance certificate...

balance certificate of my saving account in which 3 lac is deposited as cash......

 

[vini8992]

no not loan balance certificate...

balance certificate of my saving account in which 3 lac is deposited as cash......

ya u cn ask bank to provide u wid saving account statement attested by manager n u cn den include it in ur file....

 

[money0044121]

but my statements shows very less amount of money in previous dates amount not more than rs.500

so in statement it will show tht 3lac is deposited in one day so it will hv negative effect ....tht from where 3 lac comes

should i go for a fdr.should i make fdr of 3lac?

 

[vini8992]

but my statements shows very less amount of money in previous dates amount not more than rs.500

so in statement it will show tht 3lac is deposited in one day so it will hv negative effect ....tht from where 3 lac comes

should i go for a fdr.should i make fdr of 3lac?

same will be the situation with fdr too,even den they cn ask same thing.....
ur applying under spp????

 

[money0044121]

yes i am applying under spp at CHC chandigarh

but in fdr no previous transaction will be there......... but in saving it shows tht previous balance was not more than rs.500 in previous 6 or 7 months. and then 3 lac is deposited in one day

 

[vini8992]

yes i am applying under spp at CHC chandigarh

but in fdr no previous transaction will be there......... but in saving it shows tht previous balance was not more than rs.500 in previous 6 or 7 months. and then 3 lac is deposited in one day

see firstly under spp u jus need to show loan sanction letter provided u by bank n fee acknowledemnt........
immovable property or liquid property statemnt any fdr or bank statemnts are not generally required under spp,,loan letter is enough,,,but still if u want to show 3 lacs u cn show it as a saving account statemnt or fdr(as u wish)..it generally represent ur parents tie in home country.....so u hav loan of 10 lacs so u dun need to wori..... rest u cn ask ur consultant more abt it........

 

[money0044121]

once again clear my doubt of education loan pls
i explain u in detail

my course is of 2 year diploma

one year fee is $13,166.00(6,31968.00 INR)

so two year fee will be (12,63936 INR)

but in spp it shows tht u hv to provide 80% education loan equivalent to tution fee......then 7,20000 is not 80% of tution fee