Canadian Student Visa Thread Part 23 - Travel (752)

Canadian Student Visa Thread Part 23 - Travel (752) - Nairaland

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Re: Canadian Student Visa Thread Part 23 by nwaobitex: 3:59pm On Jul 12

Pls when requesting for reference letter from bank, should it be directed to ircc or to the customer or applicant

Re: Canadian Student Visa Thread Part 23 by Mavor: 4:28pm On Jul 12

nwaobitex:
Pls when requesting for reference letter from bank, should it be directed to ircc or to the customer or applicant

Adressed to the visa officer at IRCC

1 Like

Re: Canadian Student Visa Thread Part 23 by Cullinane: 4:29pm On Jul 12

ATTAHDYE:
It is called equity contribution.

What Passage does is to provide funding/loan to cover your tuition and living expenses for the first year.

Assuming both comes to CAD 60,000 you will be required to contribute about 25% while Passage provide the remaining balance. So in this example, you will pay CAD 15,000 and they will grant you a loan of CAD 45,000 and a POF letter for the 60k.

You will now use this POF letter with other supporting documents to submit your study visa application.

Everything is not a scam simply because they are new and you have not heard about them. I have processed 2 study visa applications where the applicants used Passage loans as POF.

They will get an admission for you in selected schools and in demand programs that will help you get employment immediately. Their offer letter comes with a well spelt out repayment plan.

The reason they request for an equity is so that you will commit yourself to the process. Banks demand equity contributions whenever they finance a asset like a car or machinery for you.

To slap you dey hungry me!!! angry

4 Likes

Re: Canadian Student Visa Thread Part 23 by Mavor: 4:30pm On Jul 12

dsureguy:
Yes, Grey Finance Inc is a licensed MSB in Canada.

no tea on it. Just my personal preference.

It is not even necessary... I just prefer it, and it has its own risk too since we are not residents of their country...

Did you use a GIC deposit to support your application?

Re: Canadian Student Visa Thread Part 23 by LogoDWhiz(m): 7:45pm On Jul 12

AbelAbdul:
I'm happy for you. Pls make the one you finally settle for is DLI and PGWP eligible o. Make ur hustle no come d in vain. Best of luck.

What does it mean to be DLI and PGWP eligible?

What's the impact on immigration?

Re: Canadian Student Visa Thread Part 23 by ATTAHDYE(m): 9:27pm On Jul 12

Because you don’t understand something doesn’t mean your should want to slap me.

Cullinane:
To slap you dey hungry me!!!

Re: Canadian Student Visa Thread Part 23 by Mario33BXM: 9:54pm On Jul 12

Can we connect

Soltech1000:
Do we have anyone going to University of Guelph, Guelph Canada , resuming Winter 2026?
Let’s connect

Re: Canadian Student Visa Thread Part 23 by Mario33BXM: 10:02pm On Jul 12

Do we have anyone going to university of guelph, guelph Canada , resuming Fall 2027?
Let’s connect

Re: Canadian Student Visa Thread Part 23 by EnglandAmaka(f): 10:30pm On Jul 12

ATTAHDYE:
It is called equity contribution.

What Passage does is to provide funding/loan to cover your tuition and living expenses for the first year.

Assuming both comes to CAD 60,000 you will be required to contribute about 25% while Passage provide the remaining balance. So in this example, you will pay CAD 15,000 and they will grant you a loan of CAD 45,000 and a POF letter for the 60k.

You will now use this POF letter with other supporting documents to submit your study visa application.

Everything is not a scam simply because they are new and you have not heard about them. I have processed 2 study visa applications where the applicants used Passage loans as POF.

They will get an admission for you in selected schools and in demand programs that will help you get employment immediately. Their offer letter comes with a well spelt out repayment plan.

The reason they request for an equity is so that you will commit yourself to the process. Banks demand equity contributions whenever they finance a asset like a car or machinery for you.

I'm following up already. I watched so many YouTube videos of many successful applicants they helped on YouTube yesterday. I'm already convinced they are not scam.

Even Gemini confirmed yesterday they are genuine company registered in Canada.

Re: Canadian Student Visa Thread Part 23 by Kossyfelicia(f): 10:39pm On Jul 12

MaziOkoro:
For visa medicals? No

okay thank.

Re: Canadian Student Visa Thread Part 23 by Kossyfelicia(f): 10:42pm On Jul 12

Please don't be offended o, I'm seeing GCI flying up and down here 😂 please what's it all about? Also having 45M as my proof of funds is it okay? I have paid 10M plus for my school tuition deposit. Hope the 45M is okay to show as proof of funds with others documents?

Re: Canadian Student Visa Thread Part 23 by amnotapervert(m): 12:07am On Jul 13

Kossyfelicia:
Please don't be offended o, I'm seeing GCI flying up and down here 😂 please what's it all about? Also having 45M as my proof of funds is it okay? I have paid 10M plus for my school tuition deposit. Hope the 45M is okay to show as proof of funds with others documents?

Guaranteed Investment Certificate GCI https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents/financial-support.html

is an option some people use to show IRCC that the money they have is genuinely set aside for their studies. They open a GIC with a Canadian bank and deposit funds for their tuition, living expenses, or both.....

you already paying 10 million to your school is a good sign....

GIC does not guarantee visa approval. IRCC still assesses your application as a whole but it shows the money you have is available for study

Yes, you are on the right track. Having 45 million available as your Proof of Funds, after already paying 10 million toward your tuition, as long as you clearly explain the source of the funds and meet all other IRCC requirements....

Re: Canadian Student Visa Thread Part 23 by amnotapervert(m): 12:11am On Jul 13

EnglandAmaka:
I'm following up already. I watched so many YouTube videos of many successful applicants they helped on YouTube yesterday. I'm already convinced they are not scam.

Even Gemini confirmed yesterday they are genuine company registered in Canada.

Okay, how will you explain the source of your Proof of Funds to IRCC ?

Also, what interest rate are you paying on the money?

Re: Canadian Student Visa Thread Part 23 by ATTAHDYE(m): 1:21am On Jul 13

The offer is comprehensive and the repayment is well spelt out (more than Mpower loans that most people are used to).

The applicant is also advised to explain how he plans to repay the loan, this is where we encourage applicants to have a parent to provide additional support and documents.

If everything is OK, you can get an approval, if not the application is denied and the equity paid is refunded.

I understand that IRCC may frown at using a loan for studies, but the reason I am taking time to contribute to this topic is to let people know that there are other options other than going to POF people to borrow lump sum deposits the will be flagged by IRCC and denied after you have paid interest for 3-4 months for nothing.

It is worth trying.

amnotapervert:
EnglandAmaka and ATTAHDYE, I mean no disrespect, but IRCC does not encourage people to borrow money as Proof of Funds just to come and study in Canada...

How will you explain to IRCC where the POF came from and how you intend to pay back the loan? IRCC wants to know the genuine source of your funds

If the money no dey, e no dey...... schooling abroad requires funds you can find school according to what you have eg Memoral university ETC which is a good option

So you pay CAD $15,000 and then take a loan of CAD $45,000? At what interest rate?

As an international student, you can only work up to 24 hours per week during your studies. For most students, that income is only enough to help cover rent, food, and a few other basic expenses.

Please don't set yourself up for failure with the mindset that you'll simply pay off a large loan after arriving in Canada. Look at what was happening to Badadvisor. He was frustrated because he was under so much pressure from school while also trying to find work and manage his finances...but I believe things have gotten better.....

EnglandAmaka and ATTAHDYE, there is a reason why IRCC expects your Proof of Funds to be genuinely available to you and not based on borrowed money that has to be repaid. I can't fully explain the reality you have to experience life as an international student in Canada to truly understand why that requirement exists

anyone selling you that dream is just selling you dream not reality

2 Likes

Re: Canadian Student Visa Thread Part 23 by ATTAHDYE(m): 1:28am On Jul 13

They will give you an offer letter stating they they will pay your tuition fee for the first year and living expenses. This offer letter will form part of your Proof of Financial Support when submitting your application.

The interest is stated on the offer letter and you have an amortization table on how to repay the Loan. They have long repayment periods so you will not feel it too much.

The work with selected schools/programs and they will process your admissions for you.

I think you should research it out.

amnotapervert:
Okay, how will you explain the source of your Proof of Funds to IRCC ?

Also, what interest rate are you paying on the money?

1 Like

Re: Canadian Student Visa Thread Part 23 by ATTAHDYE(m): 1:34am On Jul 13

Sometimes, an application can be denied because the Visa Officer is not convinced that you will have "access to the funds" when needed.

In order to clear that doubt, you can set up a GIC with a Canadian Bank, usually CIBC. You transfer the money (at least 20ķ CAD) to CIBC and they will issue you a certificate.

This is now form part of your POF.

It doesn't guarantee approval but it increases your chances of getting one.

Kossyfelicia:
Please don't be offended o, I'm seeing GCI flying up and down here 😂 please what's it all about? Also having 45M as my proof of funds is it okay? I have paid 10M plus for my school tuition deposit. Hope the 45M is okay to show as proof of funds with others documents?

1 Like

Re: Canadian Student Visa Thread Part 23 by amnotapervert(m): 3:38am On Jul 13*

ATTAHDYE:
They will give you an offer letter stating they they will pay your tuition fee for the first year and living expenses. This offer letter will form part of your Proof of Financial Support when submitting your application.

The interest is stated on the offer letter and you have an amortization table on how to repay the Loan. They have long repayment periods so you will not feel it too much.

The work with selected schools/programs and they will process your admissions for you.

I think you should research it out.

The interest rate is fixed at 11.95% APR. Hmmm, I do not advise anyone who values themselves to go forward with this ooo.

My mortgage, which I got in 2023, was at 5.34%, and that was during a period when interest rates were very high. A 11.95% interest rate is just too expensive. and its basically slavery IMO.

amortization table does not matter when you are paying at interest rate is fixed at 11.95% APR

I do not advise anyone to move forward with it.

1 Like

Re: Canadian Student Visa Thread Part 23 by AbelAbdul: 9:04am On Jul 13

LogoDWhiz:
What does it mean to be DLI and PGWP eligible?

What's the impact on immigration?

For a school to enroll an international in Canada, that school must be DLI. Designated Learning Institution.
After graduation, if your school or the program you are doing is not eligible for PGWP (Post Graduate Work Permit), it means that you cannot work after graduation.

And what is the need spending millions to study in Canada and not being able to work after graduation to gather Canadian work experience?

Some schools could be eligible for PGWP but the program not eligible.

So always check before applying. You can check if a school is DLI and eligible for PGWP through the IRCC website

4 Likes

Re: Canadian Student Visa Thread Part 23 by AbelAbdul: 9:27am On Jul 13

ATTAHDYE:
They will give you an offer letter stating they they will pay your tuition fee for the first year and living expenses. This offer letter will form part of your Proof of Financial Support when submitting your application.

The interest is stated on the offer letter and you have an amortization table on how to repay the Loan. They have long repayment periods so you will not feel it too much.

The work with selected schools/programs and they will process your admissions for you.

I think you should research it out.

Assuming I am going for a two year program, if passage handles my first year tuition fee and living expenses, where would I get money for my second year tuition?

Will the 24hr per week work pay for my second year tuition fee, living expenses and repayment of passage loan? Even if it can, the burden would be too much.

Re: Canadian Student Visa Thread Part 23 by abimonile97: 1:08pm On Jul 13

Passport submitted 08-july-2026

Passport Ready For Collection 13-july-2026[color=#006600]

This is so fast, i thought it will take 2-3 weeks[/color].

abimonile97:
PPR ALERT!!!!!

Typing this with tears of joy and a heart full of gratitude! This journey has truly tested my patience and faith, but i'm here today to say GOD DID!

2 Likes

Re: Canadian Student Visa Thread Part 23 by AbelAbdul: 1:26pm On Jul 13

abimonile97:
Passport submitted 08-july-2026

Passport Ready For Collection 13-july-2026[color=#006600]

This is so fast, i thought it will take 2-3 weeks[/color].

One PhD guy here who claims Canada issues Permanent Study Permit would say you are lying that no passport is submitted and ready for collection in 5days.

I just d laf that Cl0wn.

2 Likes

Re: Canadian Student Visa Thread Part 23 by LogoDWhiz(m): 3:19pm On Jul 13

AbelAbdul:
For a school to enroll an international in Canada, that school must be DLI. Designated Learning Institution.
After graduation, if your school or the program you are doing is not eligible for PGWP (Post Graduate Work Permit), it means that you cannot work after graduation.

And what is the need spending millions to study in Canada and not being able to work after graduation to gather Canadian work experience?

Some schools could be eligible for PGWP but the program not eligible.

So always check before applying. You can check if a school is DLI and eligible for PGWP through the IRCC website

Thanks for this clarification. Very helpful and clear

2 Likes

Re: Canadian Student Visa Thread Part 23 by PhdCloakRoom(m): 3:36pm On Jul 13*

ATTAHDYE:
The offer is comprehensive and the repayment is well spelt out (more than Mpower loans that most people are used to).

The applicant is also advised to explain how he plans to repay the loan, this is where we encourage applicants to have a parent to provide additional support and documents.

If everything is OK, you can get an approval, if not the application is denied and the equity paid is refunded.

I understand that IRCC may frown at using a loan for studies, but the reason I am taking time to contribute to this topic is to let people know that there are other options other than going to POF people to borrow lump sum deposits the will be flagged by IRCC and denied after you have paid interest for 3-4 months for nothing.

It is worth trying.

Taking a loan (MPOWER or whatever loan) as part or major POF is an automatic red flag on your study permit application because it means that you or your parents or guidian are not financially capable to carry the burden alone.

When MPOWER was first introduced ( U.S F1 visa as a case study ) the loan repayment was the major cause of students dropping out of school and dropping out of school as an international student makes you an overstayer then illegal resident .

The few people that got visas through loans were those who were able to show near-future verified money deals , monetary inheritances, profits or gains from already sold assets etc. So in summary taking any form of loan as a POF no matter how guaranteed the repayment is a bad omen.

Re: Canadian Student Visa Thread Part 23 by Cullinane: 8:17am On Jul 14

ATTAHDYE:
Because you don’t understand something doesn’t mean your should want to slap me.

People like you living dubious lifestyles is why this country is ruined and people want to japa!

2 Likes

Re: Canadian Student Visa Thread Part 23 by ATTAHDYE(m): 9:03am On Jul 14

Meaning what exactly?

Cullinane:
People like you living dubious lifestyles is why this country is ruined and people want to japa!

Re: Canadian Student Visa Thread Part 23 by Mavor: 10:36am On Jul 14

Morning folks. So I paid my tuition deposit since the 9th via paymytuition to the school and it's yet to land with the school as of today. Likely due to the delayed banking system in the US and Canada for overseas payment clearance. I plan on paying my tuition in full this week and I am wondering if there is a faster payment method. Please don't mention SWIFT.

Also, to those who suceessfully did a GIC deposit payment in a bank in Canada, please tell me what method you used to transfer the money to the bank in canada besides SWIFT.

Thanks.

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Re: Canadian Student Visa Thread Part 23 by ATTAHDYE(m): 11:39am On Jul 14

To the best of my knowledge, the most commonly used payment option for tuition fee is flywire.

As for GIC deposit, it has to be SWIFT, because you're expected to transfer the money from your Dom account to the GIC/Canadian bank account.

All the best.

Mavor:
Morning folks. So I paid my tuition deposit since the 9th via paymytuition to the school and it's yet to land with the school as of today. Likely due to the delayed banking system in the US and Canada for overseas payment clearance. I plan on paying my tuition in full this week and I am wondering if there is a faster payment method. Please don't mention SWIFT.

Also, to those who suceessfully did a GIC deposit payment in a bank in Canada, please tell me what method you used to transfer the money to the bank in canada besides SWIFT.

Thanks.

1 Like

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