need help for SPP VISA finance calculation, its urgent

[vicky86]

Hi Friends,

I've received offer letter from Centennial College For PGCP(1 yr duration).
I'm planning to apply under SPP category if eligible.

My tution fee + book + living expences is
$17010 + $843 + $9000

I've taken loan of Rs.7,50,000. so the question is

If I pay all $17010 tution fee before applying VISA and will show
loan for remaining living expences +book +travel (which shoud be sufficient i guess)
then will I be eligible for SPP category?

according to SPP cheklist doc:
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).

as my course duarion is for 1 yr, 1st semister fess will be 50% according to doc (min need to be paid for SPP)

will paying full tution fees will create any issue for my VISA application?
will I be eligible for SPP category after paying full tution fees?

 

[enfield]

Hi Friends,

I've received offer letter from Centennial College For PGCP(1 yr duration).
I'm planning to apply under SPP category if eligible.

My tution fee + book + living expences is
$17010 + $843 + $9000

I've taken loan of Rs.7,50,000. so the question is

If I pay all $17010 tution fee before applying VISA and will show
loan for remaining living expences +book +travel (which shoud be sufficient i guess)
then will I be eligible for SPP category?

according to SPP cheklist doc:
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).

as my course duarion is for 1 yr, 1st semister fess will be 50% according to doc (min need to be paid for SPP)

will paying full tution fees will create any issue for my VISA application?
will I be eligible for SPP category after paying full tution fees?

Hi,


Yours total fee of 1 year stands for CAD 26853 = (17010 + 843 + 9000).

And for SPP/General you have to put off 80 percent of tuition + living + travel expenses for one academic year, which means you have to show 80 % of CAD 26,853

And the 80 % of CAD 26,853 stands for CAD 21,482.40 (i.e., Rs. 10,37600), Your loan amount = Rs. 7,50,000 (short of Rs. 2,87,600)

*Exchange rate CAD 1 = Rs 48.30

If you can manage the said amount of Rs. 2,87,600 by way of FDR/Bank balance, thn you are eligible to apply under SPP.

 

[taq]

hi enfiled
i think he already pay some amount from his own expense to college that first sem fees
that could be deducted as well from the total amount ,.....
correct me if am wrong

 

[enfield]

hi enfiled
i think he already pay some amount from his own expense to college that first sem fees
that could be deducted as well from the total amount ,.....
correct me if am wrong

Hi,


If I pay all $17010 tution fee before applying VISA and will show
loan for remaining living expences +book +travel


I think you are referring to the above said sentence. I am not sure what is actually intending,

It looks either

CAD 17,010 + Loan Amount of Rs. 7,50,000

or

Loan Amount of Rs. 7,50,000 (including CAD 17,010)

I think you are right, because CAD 17,010 stands for Rs. 8,16,480 (Exchange rate 1 CAD = Rs. 48) and its ofcourse its larger thn Loan amount.

 

[enfield]

Hi Friends,

I've received offer letter from Centennial College For PGCP(1 yr duration).
I'm planning to apply under SPP category if eligible.

My tution fee + book + living expences is
$17010 + $843 + $9000

I've taken loan of Rs.7,50,000. so the question is

If I pay all $17010 tution fee before applying VISA and will show
loan for remaining living expences +book +travel (which shoud be sufficient i guess)
then will I be eligible for SPP category?

according to SPP cheklist doc:
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).

as my course duarion is for 1 yr, 1st semister fess will be 50% according to doc (min need to be paid for SPP)

will paying full tution fees will create any issue for my VISA application?
will I be eligible for SPP category after paying full tution fees?

Hi,


If I pay all $17010 tution fee before applying VISA and will show
loan for remaining living expences +book +travel (which shoud be sufficient i guess)
then will I be eligible for SPP category?


With reference to the above said sentence, I would like to know how do you intend to pay your tuition fees CAD 17,010?

Do you intend to pay CAD 17,010 from your sanctioned loan amount or from a separate resource like a bank balance/FDR ?