Express Entry - Are loans subtracted from Proof of Funds ?

#ExpressEntry #Proofoffunds #eAPR
Express Entry - Are loans subtracted from Proof of Funds? This is definitely one of the most common questions I get from my clients? The short answer is no; however, there are some important things you need to do to ensure the existence of those loans does not trip up your Express Entry application. I explain what you need to do in this video.
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0:00 - Intro
0:15 - Are loans subtracted from Proof of Funds?
1:04 - What is Proof of Funds?
2:29 - Do immigration officers ignore the loans?
3:57 - What if I can't repay my loan quickly?
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[@humairahmujawar]

thank you for explaining 😇

[@nidahmutheu4309]

Hey, but what if the loan is in another institution/bank from the one that gives you a bank statement to show the bank. i.e. I have a loan in bank M, but I have the minimum required funds in bank A, which is what I show iRCC. wil lIRCC check all the banks to see where i have loans?

[@RavneetKaur-nd7cu]

Hello Mark, Thank you for your detailed videos. I have a quick question about my situation, I loaned about $2500 from my friend in Jan 20 and paid off $1,500 until November' 20. I have been paying her monthly installments and put a remark of loan repayment while making the bank transfers. I got my ITA in December and will the case manager see this as a negative thing on my profile. PS - I do not have any bank loans or CC.

[@peaceanukam8103]

Hi Mark, thank for all these authentic information. Quick one, pls my international passport will be expiring in less than 10 months and i want to apply for the Canadian express entry in July, what are my chances because i was told i cannot apply for renewal of my passport now until it is a long to expiring

[@antonyvarghese2364]

Can I create a new savings bank account other than my salary account which also has a personal loan tied to it and show the proof of funds in the new savings account from another bank account?

[@ahmedalaa-ec2qq]

Tell me if that worked 😂

[@celinecasimiro3615]

Hello Mark, if you have a job offer will u still need to provide $12960 settlement fund?

[@antonyvarghese2364]

I also have this question since I am trying to get a job in canada so I have a proper employment in any companies from Canada will I be to show proof of funds?