Personal Loan for Maintenance requirement

[vijithkumar]

Dear all,

I am planning to apply for Tier 1 from India.

For maintenance requirement which requires 2800 £ I am planning to take a personal loan and maintain the same for three months in my account.

After three months I would file my application.

Does VFS / BHC accept the application if the source of fund for maintenance funds is Personal Loan?

Thanks & Regards,
Vijith

[vijithkumar]

Anybody with any suggestion on the above Query?

Plz ....

Thanks & Regards,
Vijith

[geriatrix]

Please search the forum for information already available on the forum. The lack of response could be because not many people have tried this route / option.

regards

[imran99132]

It is a bit tricky option because maintenance requirement means you have that much money avavilable to you to support you but in case, money is a loan the chances for your application getting approved would be very little(almost nil). The homeoffice can argue that you don't have the financial status to be approved for Tier 1. Is it necessary to show that it is a personal loan? Cann't you show that the money is from some different source(gift from father etc) other than loan?

[hsmp1412]

vijith,
if you are going to maintain the loan amount in your bank account for 3 months and then submit a statement for those 3 months to vfs... how will they know whether the money has come from a loan or gift or salary? i think you can do that... seniors any suggestions?

[vijithkumar]

sushdmehta,
I tried searching the forum but the replies were related to HSMP and not Tier 1 ..... Thanks

hsmp1412,imran99132
Thanks a lot for your suggestions. I guess now the only way out is to cover up the loan amount and claim as gift.

Just one more Q as hsmp1412 has suggested if I show them bank statements for 3 months VFS will not come to know that I had taken a loan .. but dont we need to show the source of funds while filing the application?

Thanks & Regards,
Vijith