Will the sanction letter for the education loan be accepted as proof of funds for visa?

Yes, a fully approved education loan sanction letter is typically accepted as proof of funds for your student visa application, as long as it meets the required criteria.

Make sure your sanction letter includes:
- Loan amount: Clearly stated total approved amount
- Purpose: Specifies funds are for educational expenses
- Disbursement schedule: Details on when and how funds will be released
- Repayment terms: Interest rate, repayment period, and moratorium (if any)
- Borrower details: Your full name (and co-borrower, if any)

The letter must be on official letterhead, signed, and stamped by the bank. Provisional or in-principle approvals are not usually accepted - only fully sanctioned loans are valid. Requirements may differ by country and are subject to change. If you need guidance on your specific case, please contact your LeapScholar counsellor.