Student Visa (Step by step)

Xine

Acceptable sources

The most common sources of funds which may be acceptable for the purpose of assessing funds for student visa applications are:

• loans from financial institutions

• money deposits held with financial institutions

• Bank Loans from financial institutions

• Loans must be issued from a Financial Institute (FI)

•A loan "in principle" is not acceptable.

•A loan must generally be at least partially disbursed before a visa can be granted. If the bank does not disburse the loan before visa grant then it is open to you to use another bank (FI) that can meet your needs.

• Visa applicants are required to provide evidence of family's income available to repay the loan. This income must be held by an acceptable individual.

• Visa applicant must provide evidence of the collateral used to secure the loan. This collateral must be genuinely held by an acceptable individual.

• If collateral is made using funds other than regular income then the applicant must provide the trail of funds. For example, a sale deed can be provided as evidence if funds are obtained by sale of property. Please note that sale agreements are not acceptable. Only the registered sale deed is acceptable for visa purposes.

Non-acceptable funds

The following financial instruments may not meet the regulatory requirements and thus are not able to be considered for visa purposes.

• Credit card accounts

• Shares and mutual funds

• Gold and jewellery

• Bonds

• Life Insurance documents

http://www.philippines.embassy.gov.au/mnla/Student_Visa_Requirements.html

uhm tapos may nabasa din ako di ko lang makita na narefuse ung visa dahil ung money is from selling a land. so much better pa rin talaga na ung sponsor mo is continous ung income na may work. kaya kung loan you need to prove to them na you can pay it

Visa applicants are required to provide evidence of family's income available to repay the loan. This income must be held by an acceptable individual.

nung first din kala ko basta may show money ka ok na lahat di rin pala kailangan may supporting docs ka pa din lalo na sa 572.

pero kung ayaw mo ng complicated na mga requirements like this pwede ka namang kumuha ng school na under SVP which is assessment level 1 so di na masyado strict sa mga financial requirements .

dreamprayhard84

@brixx kung gagamitin mo yung pera na pinag bentahan ng lupa sundin mo yung post ni xine need mo gawin yan papagawa kayo sa atty tapos pa sign nyo sa sa bibili ng lupa nyo at kung sino owner ng lupa tapos naka attached yung mga land title pero pag dating po kasi sa ganyan sobrang higpit po talaga ng mga c.o sa mga ganyan case, pero any happen po sa papers nyo ngayon pwed pa nmn kayo magapply pero payo ko aralin nyo po mabuti yung docs nyo madali lang po mag apply basta clean docs ang ipapasa nyo. God bless sa lahat..

attila

@danyan2001us hi kuya dan, just curious kung kumusta yung application niyo ni wifey after finishing her postgrad?

dreamprayhard84

@attila si boss. Dan after graduate ni wife niya nag apply na sila ng graduate visa another 2 years stay in australia tpos alam ko pa p.r na yan si boss. Dan, base yan sa mga post ni boss. Dan good luck sa lahat and god bless...

goofygoofbot

@here pwede bang loan sa isang company pero walang 3 months na deposit sa bank?

goofygoofbot

@danyan2001us kasi nung una nagbigay nako ng document about approved loan. yun lang naman yung pinakita naminkasi wala kaming 3 month deposit sa bank. tapos nagsend sila ng ganito

"You are required to show that either a minimum amount of AUD 32,623.45

or PhP 1,256,002.83 has been held by you, or by an acceptable individual

who is providing support to you, for at least 3 months immediately

before the date of the application. (Please refer below for the list of

acceptable individuals). The required maintaining period is from 09

August 2014 to 07 November 2014. As such, please provide bank statements

or bank books showing details of transactions within the required

maintaining period. (Please note that the minimum amount is calculated

by using the smallest amount held during the three month maintaining

period.) Evidence of an approved loan or line of credit from a financial

institution is also an acceptable source of funds. Non-cash assets such

as property, shares and other possessions are not acceptable evidence of

funds."

-ano bah talaga yung gusto nilang hingin? worried talaga ako..

goofygoofbot

@Xine sabi dun sa acceptable sources of funds na pinost mo is okay lang yung loans from financial institution..so okay lang kaya yung sa amin? nagloan kami ng 2.5M? yun lang yung source namin eh.. hindi kami makapagprovide ng 3 month money deposit sa bank.. approved loan lang

Yanna

Hi Guys,

Any idea po if how much need na pocket money? Considering po yung miscelleneous sa school and transportation?

Thanks!

Xine

Acceptable po ung money nyo but still need to be on your bank for 3 months before application. In my opinion those are list of acceptable funds but still need to be in bank for 3 months so i guess even if ilagay mo sa bank mo ngaun ung money it will not be accepted coz its not on the bank for 3 months. So they are saying u can get someone else to sponsor you na meron na nung amount na hinihingi nila sa bank for 3 months. they even indicate kung what date kailangan na sa bank ung money.

for at least 3 months immediately

before the date of the application. (Please refer below for the list of

acceptable individuals). The required maintaining period is from 09

August 2014 to 07 November 2014.

danyan2001us

@rpdbt.....thats right....dapat 3 months ang funds mo sa bank....just stick to that principle....

here

<blockquote rel="rpdbt">@danyan2001us kasi nung una nagbigay nako ng document about approved loan. yun lang naman yung pinakita naminkasi wala kaming 3 month deposit sa bank. tapos nagsend sila ng ganito