I am planning for Spring 2024 intake, and I am hearing around that a loan sanction letter will not be enough for F1 visa interview and I need to show liquid assets like bank statement with i20 amount or more.

Prodigy Finance borrowers will receive an electronic copy of their loan sanction letter for the I-20 form once all the administrative steps of the loan have been completed. Because we work closely with the finance department of supported schools, this is often sufficient proof and a strong document for the I-20 form.

Loan Sanction Letter. The most preferred mode of how to show funds for I-20 is in the form of a loan sanction letter. After taking a loan from any known national or international lender they give a loan sanction letter which can be shown to get your I-20 form and to clear the visa interview as well. Suggested: How to Get Your F1 US Student Visa?

Loan Sanction Letter - A loan sanction letter is the most common way to show funds for an I-20. After taking out a loan from a well-known national or international lender, they will provide you with a loan sanction letter that you can use to obtain your I-20 form and pass the visa interview.

Below are some of the financial documents that can be utilized as proof of funds for the I-20 / F-1 Visa financial requirements: Personal or Sponsor’s Bank Statements: Bank statements of your account or your sponsor’s account, coupled with the “Affidavit of Support,” provide concrete evidence of covering your expenses in the U.S.