Finances to show for F1 Visa Interview

[prateektyagi]

Hi All,

I have got an admit from University of Cincinnati for MSIS | Fall 18. The I-20 amount is $47,696.

I have an education loan sanctioned for the amount of ₹35,00,000 from HDFC Credila and will be able to save around ₹10,00,000 in savings account before my VI in the following way:

Brother's account - ₹5,00,000 (Annual income 13.5LPA from job)

Parent's account - ₹3,00,000 (Annual income 5LPA from business for both father and mother combined)

My account - ₹3,00,000 (Annual income 5.4LPA from job)

Hence, a total of ₹45,00,000 (loan+savings) which covers 1.5 years (course duration) of I-20 amount.

I have the following queries regarding this:

1. We started saving money in bank accounts from September 2017 (6 months before VI - expecting to give in mid April), hence credited amounts (salaries in brother's and my case and cash in parents' case based on their ITR) are there but very few debited amounts (as we wanted to keep maximum amount in accounts to show). Will that be a problem? Can they ask how we're managing living expenses as debited amount is comparatively lesser.

2. Will my parent's low income (as compared to me and my brother) be any problem?

How can I answer these questions?

Any help is appreciated. Thanks in advance!

[BlahBlah1846]

Hi All,

I have got an admit from University of Cincinnati for MSIS | Fall 18. The I-20 amount is $47,696.

I have an education loan sanctioned for the amount of ₹35,00,000 from HDFC Credila and will be able to save around ₹10,00,000 in savings account before my VI in the following way:

Brother's account - ₹5,00,000 (Annual income 13.5LPA from job)

Parent's account - ₹3,00,000 (Annual income 5LPA from business for both father and mother combined)

My account - ₹3,00,000 (Annual income 5.4LPA from job)

Hence, a total of ₹45,00,000 (loan+savings) which covers 1.5 years (course duration) of I-20 amount.

I have the following queries regarding this:

1. We started saving money in bank accounts from September 2017 (6 months before VI - expecting to give in mid April), hence credited amounts (salaries in brother's and my case and cash in parents' case based on their ITR) are there but very few debited amounts (as we wanted to keep maximum amount in accounts to show). Will that be a problem? Can they ask how we're managing living expenses as debited amount is comparatively lesser.

2. Will my parent's low income (as compared to me and my brother) be any problem?

How can I answer these questions?

Any help is appreciated. Thanks in advance!

It is best to have all this in writing. I had my bank issue a bank statement that was signed and all that and specifically stated that I had enough financial assets. Your parents low income shouldn't matter too much as long as you can prove that you have enough to begin with.