How to Prove Sufficient Funds for Your Student Visa – A Complete Guide by Davesar Consultants
Applying to study abroad is an adventure, but one of the most important parts of obtaining your student visa is demonstrating that you have enough money to sustain yourself while abroad. Each nation has its unique financial requirements, and failure to meet them could result in visa delays or even rejection.
At Davesar Consultants, under the expert guidance of Mr. Hardesh Davesar, Managing Director and Founder of Davesar Consultants, we guide each student step-by-step through the process of meeting the financial requirements with confidence and precision.
Why Is Proof of Funds Important?
Immigration officials need to make sure that international students will not prove to be a financial burden on the host nation. You need to show that you can:
- Pay your tuition fees
- Cover living costs (shelter, food, transportation, etc.)
- Cover miscellaneous expenses (medical insurance, textbooks, etc.)
This makes visa officials confident that you are a real student with a stable financial supporter.
What is Proof of Funds?
Various nations accept various forms of financial documents. Nonetheless, the most accepted proofs are:
- Bank Statements
- Current 3–6 months’ statements with regular balance
- Funds must be in your or your sponsor’s (preferably parents’) name
- Fixed Deposits
- Accepted if easily convertible
- Must be accompanied by a letter from the bank
- Loan Sanction Letters
- Approved and disbursed education loans from nationalized or private banks
- Should mention the amount and conditions
- Scholarship Letters
- If you’ve been awarded a scholarship, the letter must state the amount and coverage
- Affidavit of Support
- A sworn statement from your sponsor (usually a parent or relative)
- Must be supported by their income proofs and ITRs (Income Tax Returns)
- CA (Chartered Accountant) Statement
Some nations recognize net worth certificates from a CA as a summary of your assets
Country-Specific Requirements
Australia
- Must demonstrate evidence of AUD 24,505/year for living expenses (as of 2025)
- Tuition + travel + OSHC (Overseas Student Health Cover)
- Davesar Consultants ensures documents comply with Genuine Temporary Entrant (GTE) requirements as well
Canada
- Minimum CAD 10,000/year outside of Quebec (CAD 11,000 within Quebec) for living expenses
- Evidence of tuition paid and GIC (Guaranteed Investment Certificate)
- Our team guarantees that your Study Permit Application complies with all the requirements
United Kingdom
- £1,334 per month up to 9 months if studying in London, £1,023/month elsewhere
- A 28-day bank statement is required
- We assist you with the UKVI financial document formats
How Davesar Consultants Helps You
At Davesar Consultants, we don’t simply inform you what documents are required — we prepare, check, and format your financial evidence in the precise format visa authorities demand. Under the able guidance of Mr. Hardesh Davesar – Managing Director and Founder, Davesar Consultants, our experts guarantee that:
- All financial documents are valid, up-to-date, and genuine
- Sponsors are correctly documented, and their relationship with you is suitably established
- Professional translations and notarizations (if necessary) are done
- Mock interviews involve financial readiness questions
Most of our students, including those from rural communities, have been able to obtain their study visas with adequate guidance on financial documents.
Last-Minute Reminders to Keep in Mind
- Begin planning funds early – Don’t wait until the last minute
- Make use of authentic sources only – Counterfeit documents result in lifetime bans
- Consult experts – Each nation has evolving regulations
✈️ Ready to Apply?
If you envision studying in Australia, Canada, the UK, or any leading destination in the world, choose Davesar Consultants as your mentor. Thousands of students have been successfully guided for student visas, and a renowned reputation has been established under Mr. Hardesh Davesar, so no financial error will deprive you of your chance.
Call us today and get a free consultation started. Begin your path with India’s most trusted study visa consultants – Davesar Consultants.
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