Singapore Student visa - Financial requirements
4 questions
Expert Answers
What would be additionally added to my profile to enhance it finance-wise in Singapore for a Master's?
→Is a balance sheet a required financial document for a French student visa application?
→No, a balance sheet is not required, since visa authorities want liquid, accessible cash, not overall assets and liabilities. You need three to six months of personal bank statements, a sponsorship letter if applicable, sponsor income proof, and a loan sanction letter covering 877.50 euros a month.
Can students stay with relatives during their studies abroad, and how does that affect the visa financial proof requirements in Singapore?
→Yes, you can stay with relatives during your studies in Singapore, but this arrangement does not exempt you from showing standard financial proof. The Immigration and Checkpoints Authority requires steady liquid resources or official sponsorship documentation. Additionally, living with family members triggers specific public housing occupancy regulations and strict address.
Does the student need to show the required funds in her own bank account or can it be in the parents' account for visa purposes in Singapore?
→Yes, required funds can sit in your parents' bank account rather than your own for a Singapore Student's Pass. You need a sponsorship letter, proof of relationship like a birth certificate, and bank statements showing funds for tuition plus about SGD 8,400 in yearly living costs.