Is the financial means documentation sufficient if we have a home loan and fixed deposits?
Yes, home loans and fixed deposits can be used as part of your financial documentation for an Australian student visa.
You must show evidence of genuine access to sufficient funds, which can include:
- Fixed deposits: Provide receipts and bank letters confirming ownership and that the funds are encashable.
- Education loan sanction letters: Official documents from recognized financial institutions, stating the loan amount and purpose.
- Bank statements: Recent statements showing a stable balance over 3 - 6 months.
Ensure all documents clearly show the funds are available and accessible. Avoid sudden large deposits, as these may raise concerns about fund authenticity. If you need help preparing your documents, contact your LeapScholar counsellor.
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