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as it is necessary we show US $20,000 in bnak certificate.
in my case i dont have that amount in bank. i am planing to apply for loan,using property.
so what can i send , to show that i have balance of US$20,000.
P.S: i was told once, to get certificate from a Chartered Accoutant evaluating my property.
March 13, 2013
Richard LasradoExpertJoin date:Mar, 2012Posts:344Points:5001Trusted Advisor
You can show bank solvency certificate in place of bank certificate provided the same is acceptable to USA University where you have applied.
I normally send bank solvency certificate in place of bank certificate directly to USA University and check admission decision in 2 to 4 weeks. This avoids unnecessary queries.
However, please understand that each USA University is independent and hence this cannot be a general rule.
I don't think you will be able to get Educational Bank Loan without I20. Chartered Accountant evaluation certificate is not acceptable to most of the USA Universities
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Let me start from saying that there are colleges/universities which require less than $ 20000. Second the beauty of USA admissions is anyone throughout globe known to you can sponsor your studies.
The documents which can be shown are :
1) Saving Statements
2) Fixed deposits
3) Educational loans
4) GPF for government employees.
5) Various monthly Schemes.