Written Explanation for proof of funds after submitting application

[prakashagarwal]

I had submitted my application online in Aug'18. Now, I have received message from IRCC regarding written explanation for proof of funds and declare all debts & loans.

I had submitted the bank statement for last 6 months duly attested by bank which had the balance as required. I had around 8 lacs i.e. 16000 CAD in my account. I have a personal loan of 20 lacs i.e. 40000 CAD. I have the following questions:-

1) Will outstanding personal loan impact my application?
2) What should I do to show that I have the required settlement funds?
3) Will preparing a gift deed for settlement amount from my parents a good idea?

I have to submit the same within 7 days. Please suggest!!!

 

[bairn7]

What does the IRCC message say exactly? What is it asking you to provide?

 

[prakashagarwal]

What does the IRCC message say exactly? What is it asking you to provide?

"Written explanation for proof of funds and please declare all your debts & loans".

What needs to be done?

 

[Raz0r]

I had submitted my application online in Aug'18. Now, I have received message from IRCC regarding written explanation for proof of funds and declare all debts & loans.

I had submitted the bank statement for last 6 months duly attested by bank which had the balance as required. I had around 8 lacs i.e. 16000 CAD in my account. I have a personal loan of 20 lacs i.e. 40000 CAD. I have the following questions:-

1) Will outstanding personal loan impact my application?
2) What should I do to show that I have the required settlement funds?
3) Will preparing a gift deed for settlement amount from my parents a good idea?

I have to submit the same within 7 days. Please suggest!!!

Detail about the loan that you have as well, never conceal anything from IRCC, it will haunt you later on. Good luck.

 

[khaza_139]

I had submitted my application online in Aug'18. Now, I have received message from IRCC regarding written explanation for proof of funds and declare all debts & loans.

I had submitted the bank statement for last 6 months duly attested by bank which had the balance as required. I had around 8 lacs i.e. 16000 CAD in my account. I have a personal loan of 20 lacs i.e. 40000 CAD. I have the following questions:-

1) Will outstanding personal loan impact my application?
2) What should I do to show that I have the required settlement funds?
3) Will preparing a gift deed for settlement amount from my parents a good idea?

I have to submit the same within 7 days. Please suggest!!!

HI, what happened to your application, was it approved. I am also in a similar situation likes yours. I have a personal loan debt & credit card debt of around 5 CAD. I have shown around 16K CAD in my savings account. Loan was taken long ago & is dedcuted from my salary onthly. DO I need to close this loan. Will this loan affect my PR aplication. ?