sir i have 5.5 band in ielts and i want to study in newzealand.can i go for study loan.
bank give me loan 7.50 lakh but my total fee in newzealand is 9 lakh some ting can i show other fund bank statement ya gpf account in my father is goverment employee. pls tell me a soluation.
143 Views|Posted 2011-05-23 15:06:09
Asked by Jaspreet Singh
3 Answers

Answered by
2011-05-24 13:53:50
Hi Jaspreet,
Yes, apart from the bank's loan sanction letter, you can submit your father's GPF statement. However, your father's office has to give a letter clearing stating the amount that he can withdraw at this stage.
you can also provide bank statements/FD's etc of your family members/close r

Answered by
2011-05-24 09:53:48
Hi Jaspreet...Bank loan & IELTS Score are not co-related. The bank will grant you a study loan based on your sponsor's financial status; annual income; ability to repay etc. The amount of loan will depend your Tuition Fee & Living Expenses. The IELTS score is an important entry criteria for admissio

Answered by
2011-05-23 15:41:21
Hi Jaspreet, you can take another sponsor who will show the rest of the money for you. Other than the funds you have mentioned you can also show Postal savings as in NSC or even Public Providend Fund. you take gold loan or additional personal loan. But after taking the loan withdraw the whole amount
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