Kaagazaat

Funds and Education Loan Explanation Letter

At a glance

Price: Free, always.
Stamp duty: Not a stamp-dutiable instrument — a letter, not an agreement or a conveyance.
Registration: Not registrable.
Witnesses: Not required.

Free

Free, always.

Free: up to 5 documents a day.

Guided questions, full draft on screen, download in Word.

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Also called

source of funds letter
funds explanation letter for study visa
education loan explanation
proof of funds explanation
large deposit explanation letter
ਫ਼ੰਡਾਂ ਦੇ ਸਰੋਤ ਦਾ ਪੱਤਰ
धन के स्रोत का स्पष्टीकरण पत्र
study visa funding letter

When you need it

You are applying to study abroad and the visa officer has to be satisfied that you can pay for the course and living costs from money that is really yours and your family's. This letter says how much is needed, where each part comes from (savings, family, a loan), how the money was built up, what any large recent deposit is, and how the education loan will be repaid.

Not for: the request to your bank for the loan (use the Education Loan Request and Margin Declaration), a co-applicant's promise to the bank (use the Education Loan Co-applicant Undertaking), a parent's undertaking to pay (use the Study Visa Sponsorship Affidavit), or the index of papers (use the Financial Documents Index for a Visa File).

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Not a stamp-dutiable instrument — a letter, not an agreement or a conveyance.

Registration

Not registrable.

Notarisation

Not legally required for the letter itself. Sign and date it. Some offices want a parent's or co-applicant's signature as well, or the sanction letter attached; the checklist says which.

Witnesses

Not required.

Request Stamp Paper

Sample preview — placeholder answers, not your data

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To The Visa Officer,

Date: 1 April 2026

LETTER EXPLAINING FUNDS AND EDUCATION LOAN

I, Navdeep Singh, of House No. 88, Sector 40-B, Chandigarh, passport number N4567890, am applying to study University of Toronto, Master of Engineering in Canada. This letter explains how I will pay for it.

What is needed. The total cost for the first year, with tuition and living costs, is ₹25,000 (Rupees Twenty Five Thousand only).

Where the money comes from. My own savings: X. Family support: My father, Sh. Harbans Singh, will contribute Rs 12,00,000 from farm income and the sale of wheat and paddy; the sale slips and bank statements are attached The loan is described below.

How the funds were built up. Savings from farm income over the last five years, and a fixed deposit made in 2022 from the maturity of an insurance policy A large recent deposit appears in the statements: Rs 8,00,000 credited on 14 August 2026 from the sale of 2 acres of land by my father, sale deed attached

The education loan. State Bank of India, Sector 17, Chandigarh is the lender for a loan of ₹25,000 (Rupees Twenty Five Thousand only), which is sanctioned, and the sanction letter is attached. My father is the co-applicant; the loan is secured against our house in Chandigarh Repayment: Repayment starts after the moratorium stated in the sanction letter, from my salary after I finish the course, and my father's farm income is the back-up

I enclose: Sanction letter; bank statements; fixed deposit receipts; sale slips; land record

I confirm that the information in this letter is true and complete, and that the funds described are genuinely available to me for this purpose. I will give any further information the office may need.

Yours faithfully,

_________________
Navdeep Singh

Questions about this document

Does the Funds and Education Loan Explanation Letter need stamp paper or stamp duty in Punjab and Chandigarh?

Not a stamp-dutiable instrument — a letter, not an agreement or a conveyance.

See the full position on stamp duty, registration and witnesses

Does the Funds and Education Loan Explanation Letter need registration in Punjab and Chandigarh?

Not registrable.

See the full position on stamp duty, registration and witnesses

What does the Funds and Education Loan Explanation Letter cost on Kaagazaat?

Free, always.

Does the Funds and Education Loan Explanation Letter need witnesses?

Not required.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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