chlxealexa Posted September 5, 2020 Report Share Posted September 5, 2020 Hey just wondering if anyone has an international SLOC and from which bank and for how much? Did you have trouble getting approved? How good was your co-signer? Quote Link to comment Share on other sites More sharing options...
canadianman Posted September 5, 2020 Report Share Posted September 5, 2020 Your co-signer(s) need an equivalent amount you borrow in liquid assets for international SLOC. If not, it might be pretty difficult to get a SLOC. Quote Link to comment Share on other sites More sharing options...
chlxealexa Posted September 5, 2020 Author Report Share Posted September 5, 2020 6 hours ago, canadianman said: Your co-signer(s) need an equivalent amount you borrow in liquid assets for international SLOC. If not, it might be pretty difficult to get a SLOC. It has to be liquid? That’s going to be hard in this climate. What about real estate as collateral? Quote Link to comment Share on other sites More sharing options...
canadianman Posted September 5, 2020 Report Share Posted September 5, 2020 When I applied last year with mostly real estate, specifically with TD, I did not get approve. Quote Link to comment Share on other sites More sharing options...
chlxealexa Posted September 6, 2020 Author Report Share Posted September 6, 2020 9 minutes ago, canadianman said: When I applied last year with mostly real estate, specifically with TD, I did not get approve. How much does TD offer? Who did you end up going with? Quote Link to comment Share on other sites More sharing options...
canadianman Posted September 6, 2020 Report Share Posted September 6, 2020 I believe TD offers 250k on their website, but they make sure the entire tuition and living expenses are covered so you can always request more, but at the same time required enough assets to get approve. I applied for 300k (I had some money in my savings) for a second time with my uncle as a second co-signer and got approved. I believe the whole process of booking appointments, going to them and waiting for the adviser to process everything took about 2 months. So I would recommend going as soon as possible when you get a proof of enrolment. Quote Link to comment Share on other sites More sharing options...
chlxealexa Posted September 6, 2020 Author Report Share Posted September 6, 2020 1 minute ago, canadianman said: I believe TD offers 250k on their website, but they make sure the entire tuition and living expenses are covered so you can always request more, but at the same time required enough assets to get approve. I applied for 300k (I had some money in my savings) for a second time with my uncle as a second co-signer and got approved. I believe the whole process of booking appointments, going to them and waiting for the adviser to process everything took about 2 months. So I would recommend going as soon as possible when you get a proof of enrolment. Shoot, I was hoping I would be able to secure it before I even accept an offer. I would hate to put down a deposit only to not be able to secure funds.. Did you try other banks as well? What made you choose TD? Quote Link to comment Share on other sites More sharing options...
canadianman Posted September 6, 2020 Report Share Posted September 6, 2020 1 minute ago, chlxealexa said: Shoot, I was hoping I would be able to secure it before I even accept an offer. I would hate to put down a deposit only to not be able to secure funds.. Did you try other banks as well? What made you choose TD? The process was just easier as my parents, uncle and I were with TD already. All the big banks are similar. You can book an appointment and tell them your current situation and get all the paperwork ready, but I dont believe they will sent in the papers until you have a proof of enrolment as that has the cost of tuition, start and end date, etc on it. Quote Link to comment Share on other sites More sharing options...
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