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money0044121

Star Member
Nov 5, 2011
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Visa Office......
chc chandigarh
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According to spp checklist we have to provide.........

Copy of an Educational Loan from an Indian Chartered Bank equivalent to at least 80% of tuition +living + travel expenses for one academic year (normally, first year’s tuition, unless already paid, plus $8000).

what above line mean? that we have to show 80% loan after paying one term fee or overall 80% without paying any fee?

my 1 year fee is 13166CAD + 8000 CAD= 21166CAD
631968INR+384000INR=1015968INR

i am taking education loan of 10 lac so if i pay fee of first semester from loan then my loan left is 7,20000.00

but 80% of 1015968INR is 812774.4INR but remaining loan of mine is 7,20000.00

clear my doubt

is this amount of loan is ok?
 
No, You have to take Education loan of minimum 8.5 lac then it will be ok but of you want to pay your fees from your education loan then you have to take education loan of around 11.5 lac so that when you deduct the first installment i.e around 3 lacs then the remaining amount should me more than or equal to 80% of the total expenses.
 
should i pay fee of one year together now

1st term installment by bank loan
2nd installment by cash

thn loan will be ok?
 
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