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Thread: how much money required to be in bank

  1. #1
    MS in US Fresher
    Join Date
    Jul 2012
    Posts
    13

    how much money required to be in bank

    how much money required to be in bank?iam asking this for bank loan and please tell as it changes from one university to other are not.on average how much loan is required to be in our bank account.iam asking this for 2013 fall.

  2. #2
    MS in US Guru
    Join Date
    Jan 2012
    Posts
    628
    I don't understand ur question....to get a bank loan, u only have to show collateral and also enough income from parents to pay ur interest.

  3. #3
    MS in US Fresher
    Join Date
    Jul 2012
    Posts
    13
    iam asking u that how much bank balance is required by us to cross f1 visa.from other links in this forum(F1 Visa Rejected - Lack of Sufficient Bank Balance ) i found out that balance required is amount specified in i20 form.but it is not clear that on is it sufficient as we show bank balance for 1st year only.

  4. #4
    MS in US Guru
    Join Date
    Jan 2012
    Posts
    628
    See, if u have education loan u need not have the same I20 amount in ur bank too....like I said before, its enough to show tat u have funds and a means of income to pay ur interest......plus in the above case, tat person had only 3 lakhs. Nothing else. Also it was his own money as he was earning....you can show ur parents balance. It helps ur case...simple logic is tat the consulate won't think 3lalhs is enough to pay interest (as he won't have excess income once he leaves)....

    But ur parents will have a regular income PLUS bank balance....so you neede not have full I20 amount....

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