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What do I need to include in my proof of savings?

  • Updated

What is acceptable proof of savings?

We'd need to see that the funds being used for your studies are readily available. Any documentation provided must have the value which is immediately available after fees/tax deductions. 

a) Personal Savings:

For proof of personal savings, we will accept the following documents in non-editable PDF format: 

  • Bank Statement 
  • Bank Letter 
  • Fixed Deposit Slips
  • Investment Statement 
  • Pension Fund Statement
  • Provident Fund Statement
  • Proof of Internship Salary

b) Payments or deposits made to your school:

If you have already made a payment or deposit to your school, then we can add this amount to your savings. We will need the invoice/statement from the school or a screenshot of an email from your school confirming the amount that has been paid.

c) Contributions from friends or family:

For contributions from friends or family, the following documents are accepted along with a financial support declaration form:

  • Bank Statement 
  • Bank Letter 
  • Fixed Deposit Slips
  • Investment Statement 
  • Pension Fund Statement
  • Provident Fund Statement

What do I need to include in my proof of savings?

  • Your name and surname must be visible
  • The name and logo of the financial institution must be visible
  • Bank account balance or the current value of investments
  • The document should not be older than 90 days from the date of upload

What do I need to include in my proof of financial support form?

  • The contributor’s name and surname must be visible
  • The contributor needs to confirm the amount that will be provided to the student
  • The contributor needs to state the student's name
  • The contributor needs to state the school that the student will be attending
  • The contributor needs to indicate on the form if the contribution is a gift or a loan
  • The contributor also needs to sign the financial support form
  • The contributor needs to state their full contact information
  • We will require the family/friend to complete this form so you can upload it to your dashboard in addition to providing their statements

Which documents can't be used as proof of savings?

  • Car papers
  • Real estate or property documentation
  • Gold ornaments
  • Personal credit card statements

Language translation

Providing us with certified English copies of your documents will help speed up the application process.

If your documents are in your local language, our in-house servicing team will be able to translate them, but in the rare instance where a translation is required, we'll let you know. 

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