How Much Bank Balance Is Required For Canada Student Visa From Pakistan?

The Canadian student visa is a great incentive for students all across the world, especially those from developing countries such as Pakistan. If they are looking forward to enjoying academic opportunities that will help them secure prosperous professional careers in future. Degrees from Canadian universities are internationally recognized and can be pathways for professional success no matter which field students choose.

In this regard, Pakistani students often come up with the question: how much bank balance is required for a Canadian student visa from Pakistan? You need financial support of minimum 15,000 CAD$ to 20,000 CAD$, which is separate from the application and tuition fees that vary depending on the DLI you have applied at.

This article will explicate upon the cost breakdown of a Canadian student visa and give pointers on how students can increase their chances of getting a Canadian study permit.

Cost Breakdown Of Canadian Student Visa

The total cost of being able to move to Canada for pursuing your studies can be broken down as follows:

1. The visa processing fee of 100 CAD$.
2. The university application and tuition fee that may vary depending on the university you are applying at. Make sure to check out the fees on the official websites of the universities you are interested in.
3. The GIC (Guaranteed Investment Certificate) of 10,000 CAD$.
4. Financial support of minimum 15,000 CAD$ to 20,000 CAD$ in order to demonstrate to the immigration authorities that you are able to support yourself during your studies in Canada.

Is The Cost or Fee Required For Canadian Student Visa Refundable?

The university tuition fees and the GIC are refundable amounts in case your Canadian student visa application is declined. However, the visa processing fee of 100 CAD$ and the university application fees are non-refundable.

How Can You Reduce The Cost Of A Canadian Student Visa?

While there is no direct way to reduce the overall cost of a Canadian student visa, you can reduce the cost of the university tuition fees by applying for scholarships. Every university has its own criteria for scholarships so make sure to check them on the official website of the university you are applying at.

How Can You Increase Your Chances Of Qualifying For A Canadian Student Visa?

In order to maximize your chances of getting a Canadian study permit, make sure to do the following:

1. Score at least 6 or above in IELTS for all the four bands of listening, speaking, reading and writing. Scoring high will also make you eligible to apply at some of the top Canadian universities.
2. Hire an ICCRC-certified immigration embassy or consulate such as CanadaPrimeImmigration. Their team of expert consultants will deal with your complete visa application process whilst minimizing the chances of any mistakes, so you have the greatest chances of successfully getting a student visa.
3. Start the application process early instead of leaving everything at the last minute. This will ensure that you have enough time to gather all the necessary documents and submit them on time.
4. In the visa interview, make sure you are able to convince the immigration officer that you will return to your home country once your studies in Canada have been completed. Oftentimes students make the mistake of demonstrating dual intentions in the visa interview, such as being wishy-washy on whether they will return to their home country or stay in Canada. Even if you plan on getting PR later on, it is still important in the visa interview to show that you have ties to your home country that will force you to move back once your studies have been completed.
5. Make sure to apply at a Canadian university which is recognized as a DLI. If you receive an acceptance letter by a university which does not count as a DLI, your visa application will not be accepted.
6. Be confident in the visa interview and maintain a good body language, demonstrating to the immigration officer that you are providing transparent and authentic information. 

Conclusion

In conclusion, the Canadian student visa requires you to have a bank balance of 10,000 CAD$ to 20,000 CAD$, in addition to the GIC of 10,000 CAD$, the university tuition and application fees and the visa application fee. Make sure to apply ahead of time so you don’t have to leave everything for the last moment.