UK family visit visa with borrowed money in the bank
I want to apply for a UK family visa for a week. I live in France with a four-year resident card. I am a Bangladeshi citizen.
I see about funds parking everywhere, but I have a loan from bank to buy a car which I didn't buy yet because I failed to pass my driving test. If I apply for the visa now, would the ECO consider this money to be funds parking?
I have enough funds apart from this loan in my current bank account; with this money I can handle a one-week trip to the UK.
Best Answer
If you include the all the bank statements from the receipt of the loan until the most recent, and a copy of the loan documents, and you indicate that you will not be relying on those funds for your trip because you intend to use them to purchase a car, you should be fine.
The problem with "funds parking" arises when the funds are claimed as available to defray the costs of the trip, or when it is not obvious that they were acquired legitimately.
Further reading: Should I submit bank statements when applying for a UK Visa? What do they say about me?
Pictures about "UK family visit visa with borrowed money in the bank"
How much money can you have in bank for UK tourist visa?
You must have at least \xa34,000 in your savings. Anything less than that can raise questions and lead to visa refusal. Again, UK Visas and Immigration does not specify what is acceptable in terms of funds.How much bank balance is required for UK spouse visa?
The requirements that an applicant must meet in order to obtain a spouse visa are set out in Appendix FM of the Immigration Rules. These rules contain a minimum income requirement of at least \xa318,600 or a cash savings requirement of at least \xa362,500 (or a combination of both).Does UK immigration check your bank account?
The UKVI will check your bank statement for the minimum balance in your account for the 28 days preceding the closing balance of the statement. You must have a recent document from the bank that is dated within 31 days of the day you submit your online visa application.Does personal loan affect visa application UK?
Can credit card or personal loan debt affect my visa application? No, if you have outstanding debts in the form of credit cards or personal loans, there is no reason for this alone to negatively affect your visa application.UK Family Visit Visa for Parents, Brother, Sister, relatives Checklist to make Good Visa Application
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: Michael Steinberg, Dom J, Anthony, Alaur Rahman