Hello guys !

Hope you are doing well. The amount which is mentioned on the i20 is for 1 year, right

Question

Hello guys !

Hope you are doing well. The amount which is mentioned on the i20 is for 1 year, right ?

So, consider an example where the i20 amount is 40,000 USD. The course duration is 2 years.

So, when we approach the bank, should we take a loan for 80,000 USD  ?

I am completely new to this process. Looking for your guidance and advise

Arun K · Answer

Thank you

Arun K · Answer

Oh ok. That is very helpful information. Thank you so much

nithish reddy · Answer

Dont take loan of 80000 just take 1.5 times the i20 amount becoz i20 amount is inflated

VINAY JOSHI · Answer

Yes....if you are looking to fund your entire education through loan then file loan application for 80000 USD...contact the loan advisor from where you are thinking to seek loan...he/she will explain you in detail about loan process.