Comments on: Bank Balance for F1 Visa ( Updated )

By: Naitik

Naitik — Sun, 09 Nov 2008 15:09:55 +0000

I’m assuming the fee would be within the Rs. 20 lacs range here and another Query is will that loan be nice enough to satisfy the Universities?

By: Naitik

Naitik — Sun, 09 Nov 2008 15:08:27 +0000

Hi!,
My dad could be having around 4lacs in total, how about i take a loan of 20 lacs. Would that be good to support the entire MS program for whatever number of months it lasts?
I’m just apporehensive about showing the xx lacs amount in the financial documents, i know we all manage to complete MS in way less money than whats mentioned on the i20, we being Indian(efficient!). Kindly throw some light on this query.

By: Ashu

Ashu — Sat, 12 Jul 2008 20:06:59 +0000

Hi, I have been reading about the posts regarding the funds required to get the education in US. I want to generally share one thing.
I have been selected for MS in New york University and fee is around $32000 yearly. I went to the bank to apply for loan and the Bank loan works like this:
Bank checks how much liquid assets your have and then calculate the total expenditure of the education like in my case $64000.
Now the bank is ready to give me complete loan or ($6400 – $liquid assets my sponsor have) as they put there money in the complete Project.
My question is if the Saving a.c are creating so much problems then can’t we take the complete education loan from the bank?
Can you please tell me what is the maximum amount of loan i should apply for.Suggest me the maximum.
Thanks

By: rahul

rahul — Wed, 18 Jun 2008 16:12:28 +0000

Actually i got my i20 and i have my F1 visa appointment in more 18 days. Currently My parents savings account has 2 lakhs only and in next week days there will be more 5 L added to that. I dont have any FD and applying for loan. How much loan should I apply and is the savings of 7L is enough. Moreover, if i deposit 7L then is there any proof required!. The expenses in the univ are 22000$ per annum.

By: Vipul

Vipul — Sat, 15 Dec 2007 17:35:59 +0000

well i have an i20 and currently have the funds for all the 2 years in liquid assets only… one doubt that i have in mind is that do i need to have all the required funds in my savings account??
currently i have about 70% of the amount (for 1yr) in savings and the rest is invested in FDs and other saving schemes…
could i face any problem in my visa??

By: Ben

Ben — Sat, 08 Dec 2007 19:43:10 +0000

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By: Sudeep

Sudeep — Fri, 23 Nov 2007 10:17:58 +0000

Hi!
You didnt consider the cases with financial assistance. Suppose one year Total expenses are $20,000(incl tuition, living, other expense )And its mentioned on I20(in column 8b) that one year Funds from School= $20,000(Assistantship).

By: pavithra

pavithra — Sat, 17 Nov 2007 08:29:00 +0000

can you plese let me know what bank balance wud ve to show for integrated phd?