Is a travel loan considered as funds parking for a Schengen visa?

Is a travel loan considered as funds parking for a Schengen visa? - 100 U.s. Dollar Banknotes

I am an Indian citizen planning for a trip to Europe from India. I plan to take a loan for the trip.

A visa agent informed me that travel loans will result in rejection of the visa application while another agent said that it's OK to take a loan for travel.

Can someone clarify this for me please?



Best Answer

There are specific standard refusal reasons which fit this situation:

You have not provided proof of sufficient means of subsistence, for the duration of the intended stay or for the return to the country of origin or residence, or for the transit to a third country into which you are certain to be admitted, or you are not in a position to acquire such means lawfully.

And

The information submitted regarding justification for the purpose and conditions of the intended stay was not reliable.

The first reason means that you must show you have enough money to afford all of the expenses of your trip: plane tickets, hotel, food, etc. and that you must have obtained this money through legal means.

The second reason is more complex. It means in general that the overall application must make sense and the documents submitted must be genuine and related to the declared purpose of the visit. (We have a lengthy explanation of what to do about this refusal reason.)

If you have to take a loan to afford the trip, then the consular officer will be inclined to believe that you cannot truly afford the visit on your own. He or she may think that you instead plan to come to Europe to live and work illegally. Whether you actually intend that or not, the officer will still refuse the visa.

It is best to pay for such a visit from your own personal savings, and to have personal circumstances which permit you to save enough money on your own to afford such a visit. It is possible for a family member or very close friend to sponsor you and provide the money for your trip, but the reason for that person to pay for your expenses must be carefully justified in the visa application.




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How do I prove sufficient funds for visa?

How do I prove that I have enough money to travel? It's simple: Get a bank certificate or bank statement or both. A bank certificate is usually a one-page document that certifies that you have an account with that branch. Often, the latest available balance is indicated.

How much bank balance is required for Schengen tourist visa?

Proof of accommodation. Tickets for travelling within the Schengen area (if applicable) Proof of civil status \u2013 birth certificate will suffice. Bank statement \u2013 this needs to show a minimum balance of \u20ac3000 over the last 6 months.

Is online bank statement valid for Schengen Visa?

Yes. However, the e-bank statement will have to hold an original stamp from your bank to confirm the authenticity of the document and has to show the name of the account holder.

What are your means of subsistence answer?

When applying for Schengen visa, you must show the proof of \u201cmeans of subsistence\u201d. This simply means that you must prove that you have enough money for your trip, including the travel expenses, accommodation and food expenses, as well as other incidental expenses.



Non European countries where you can GO with a Schengen Visa | Travel with Schengen Visa




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