Loan amount credited to my PoF account

[Vijay_VVG]

Hi all,

I recently got nominated by OINP, the day after i got nominated a loan amount got credited to my account ( i applied for a loan from another bank and those dumbos credited the money to the account which was meant for my PR purpose) , now how do i justify this to CIC, I've already maintained the required amount in my accounts, this was for another personal purpose and i have no plans to use this for PR purpose. I am really pissed now. As applicants we are not supposed to have any pending loans rite?.

 

[lampbreaker]

If you have the necessary funds excluding the new deposit, explain all this in your LoE and you should be fine.

 

[Vijay_VVG]

If you have the necessary funds excluding the new deposit, explain all this in your LoE and you should be fine.

But is it fine to have an unclosed loan whikw applying for PR?

 

[mr.preetsingh]

Hi all,

I recently got nominated by OINP, the day after i got nominated a loan amount got credited to my account ( i applied for a loan from another bank and those dumbos credited the money to the account which was meant for my PR purpose) , now how do i justify this to CIC, I've already maintained the required amount in my accounts, this was for another personal purpose and i have no plans to use this for PR purpose. I am really pissed now. As applicants we are not supposed to have any pending loans rite?.

Provide the bank statement and bank certificate before that transaction date.

 

[lampbreaker]

But is it fine to have an unclosed loan whikw applying for PR?

Since it is a personal (unsecured) loan, it can be problematic because they may think that you are borrowing money only to show the necessary funds. That's why if the necessary funds were available to you for a long time, you will need to explain how the loan is unrelated to these funds.