To prepare you financial statements, you need to have sufficient funds. If you have sufficient funds in your account, skip the next paragraph.
Decide on the bank where you will be taking your loan. Save/Collect money from different places, and put them in your account. Once you have sufficient money in your account, you can prepare the documents.
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You may use the above template as a starting point. It shall have the amount present in the account. Some universities have there own form. In this case, you need to fill that form. Hence make sure you have the required forms or the bank statement letter for each university. Get them signed by the bank.
Should we take the bank loan before we apply to the universities or after receiving the i20.?
ReplyDelete30-40 should be ur bugdet.
ReplyDeleteMS is 2 yrs ...
ReplyDeleteso what u think how much will be the expenditure including house rent, food, bills n the university fees ???
It depends on university and location.
DeleteThe university fees varies from $6,000 to $20,000 per semester or even more
The house rent, food and bills can range from $500 to $1000 or even more
I would recommend you to enquire the current students in the universities you plan to apply. They can provide you more accurate information about the expenses.
sir fees is k sir how much bank balance will show for that?
ReplyDeletein place of bank balance i will show my property. is this sufficient? if yes how much value of property needed? pls rply me sir
Usually, it is good to show liquid cash (immediately available) for the first 2 semesters. You may chose to show property or investments for the later semesters or a approval of loan. If you don't have the choice to show liquid cash, then you will have to show what you have and hope for the best. I am sorry, I would not be able to advise on the best thing to do here.
Delete