Monday, March 23, 2009

Financial Preparation

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.

<>

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.

You need to prepare documents even for the visa interview. Please click here for more info on documents required for the visa interview.

6 comments:

  1. Should we take the bank loan before we apply to the universities or after receiving the i20.?

    ReplyDelete
  2. 30-40 should be ur bugdet.

    ReplyDelete
  3. MS is 2 yrs ...
    so what u think how much will be the expenditure including house rent, food, bills n the university fees ???

    ReplyDelete
    Replies
    1. It depends on university and location.
      The 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.

      Delete
  4. sir fees is k sir how much bank balance will show for that?
    in place of bank balance i will show my property. is this sufficient? if yes how much value of property needed? pls rply me sir

    ReplyDelete
    Replies
    1. 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