I had an interesting conversation with one of the frequent readers of this blog. It was about visa, bank balance, and source of money. I want our readers to answer the question.
I have partially answered the question from the reader and I’m expecting the readers to answer the last question.
I’m admitted at the University of Connecticut. Its fees is $23,534/yr (approx. 9.5L INR) + living expense. I have a bank loan of 15L and liquid cash of 7L in my SB.
Plus assets and investments like PF, LIC, shares, property, etc. covering up to 16L. What are my chances of getting an F1 visa? Can you tell me the possibility?
You will need to show more liquid cash because you don’t have enough liquidity even for the first year. 8L per year is s good annual income for parents, but try to get more money into your savings account or in FD.
So will it be fine if I borrow money from my uncle and have it in my account. Will that be a problem in visa?
You can do that, but if they happen to ask the source of money, be ready to say the answer.
Well, can I answer that I have borrowed it from my uncle for my study expense?
I request other readers to help me in answering the question. In that way, we can see what other ideas students have in mind and it will definitely help others readers, too.