luvdents007

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Hello Guys...need some help about the bank statement to aplly for an I20. for receiving an I20 we have to show funds for atleast 1 year which is around 70 to 80K.....how did u guys manage to get a bank statement for that...or is there a way to get a loan approved before applying for the I 20 and show the loan as a way of income.... plz help...
 

nimeshshingala

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luvdents007 said:
Hello Guys...need some help about the bank statement to aplly for an I20. for receiving an I20 we have to show funds for atleast 1 year which is around 70 to 80K.....how did u guys manage to get a bank statement for that...or is there a way to get a loan approved before applying for the I 20 and show the loan as a way of income.... plz help...
hi luvdents
I don't know which school you got in
I know UCSF has asked me to show two years of finance to get I 20 and not just one year
so I had to show 166K in liquid cash which is quite a huge task
the banks usually give you one year of finance at a time
luckily I got RBC bank line of credit of 150K canadian dollars (120K us)
the rest I showed from my savings and my brother who signed a sponsor letter showing he will finance to the tune of 40K from his accounts
so we had to show his bank account as well
I also gave them a conditional approval from citibank and access group
if your school is asking only one years finance ,than you are lucky
you can get a conditional approval by applying to citibank or access group
this will be enough to show one year of funding
do contact your school's financial office for further information
 
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luvdents007

Junior Member
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15+ Year Member
Mar 27, 2003
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nimeshshingala said:
hi luvdents
I don't know which school you got in
I know UCSF has asked me to show two years of finance to get I 20 and not just one year
so I had to show 166K in liquid cash which is quite a huge task
the banks usually give you one year of finance at a time
luckily I got RBC bank line of credit of 150K canadian dollars (120K us)
the rest I showed from my savings and my brother who signed a sponsor letter showing he will finance to the tune of 40K from his accounts
so we had to show his bank account as well
I also gave them a conditional approval from citibank and access group
if your school is asking only one years finance ,than you are lucky
you can get a conditional approval by applying to citibank or access group
this will be enough to show one year of funding
do contact your school's financial office for further information

thanks for the info