All about the financial proof for visa application to the UK

Money obviously matters the most in this highly progressive world and nothing can move in the world without that, so is the case with the education and if it is about the international education then it is all the more crucial. The basis for this is that the foreigners do not have their family and friends in the UK and they are expected to take care of all their needs themselves only. Also, the country is allowing you to get educated in their prestigious universities and is quite supportive too but that does not mean that it will take on the additional burden of the non-citizens. This makes it mandatory for all the student visa applicants to have enough funds to bear the cost of education and living expenses for the duration of their stay in the UK. Although you do not need to pay the whole amount all at once but you do need to show the proof that you have sufficient funds in the account or in other forms which can be utilized at the time of need. Ensure that your Visa Consultants in Chandigarh tells you about it in detail.

If you are taking care of your expenses on your own:

In the scenario where you are bearing all the expenses of your education and stay, you need to show the required amount in any of your account like a Savings account, Current account, Deposit account, and investment account or pensions savings. The money should be in the account from where it can be immediately used. These funds must be legally acquired by you or your parents/partner. The documents that can be utilized to show the amount can either be a bank statement or certificate of deposit or a letter from the bank. Your bank statement must have the details like date of issuance of the statement, balance in the account, name of the account holder as it appears on the account and the name of the bank. The details can be verified any time and for that you are also needed to share the ID and phone number of the bank official who has issued the statement. A soft copy of the statement is accepted as being stamped is not necessary.

If you are using a student loan: In case you do not have sufficient money in the account and you have applied for an education loan then you are expected to submit the student loan letter which should have the loan amount approved and the name and details of the student to whom it is given. It must be from the government or government approved bank or financial firm. Also, the letter should confirm that the loan is for education purpose only and the money will be released before the commencement of the course. There must not be any conditions on release of the funds. This letter ought to be on the official stationary. If you hire the best UK study visa consultant in Chandigarh then he or she will provide assistance to get the student loan as well.

If you have the official sponsorship or Scholarship: If you have been fortunate and have been awarded a scholarship by the university then it should be mentioned in your CAS and can be checked through the CAS reference number that you get from the university once you are accepted by it. If it is not mentioned then you need to have the letter from the official sponsor which is the university only. The letter must have the amount provided and the deration it is for along with the date of issue and the contact details of the sponsor. Your UK Study Visa Consultant must let you know about the way to get an official sponsorship or scholarship if you need it.

There are some countries whose citizens do not have to show the financial evidences as they are exempt from that, for example; Australia, Austria, Belgium, Canada, China, France, Germany, the USA and many more. Also, you are exempt in case you have a British passport (overseas) or passport of Hong Kong SAR or Taiwan or Macau SAR.

As financial aspect has a significant role to play in the visa application for UK, it is imperative that you approach the Best UK Study Visa Consultant in Chandigarh who can provide the important information related to it making sure that your application does not get rejected due to the issues related to funds and their evidences.

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