FINANCIAL COVER LETTER (FUNDS EXPLANATION)

To,
Visa office,
Ireland embassy,
New Delhi,
India.

Sub: Clarification of funds from family sponsors.

Dear Sir/ Madam,

I, Balaji Shanmugavel holder of the Indian passport S2813082 issued in Tiruchirappalli on

25/06/2018, wish to apply for a student visa to Ireland. This is to inform and clarify all queries
about the availability of funds for my master’s education in Ireland.

My tuition fee for 1.5 years, as mentioned in the offer letter is €17,485 and I have received
scholarship of €2,000 and I have paid my tuition fees of amount €7,600 from my savings
A/C bearing No – 50100300092992 (HDFC Bank) which I have received through gold loan.

In addition to this, for my pending tuition fee and living expenses I will be sponsored by myself
and by my family where I have total savings of amount €20,720 in which I have savings of
amount €8,683 in HDFC Bank in which I got personal loan of amount €7,782 and I have my
salary savings of amount €901 and I have been working from last 4 years so I have PF savings of
amount €2,053 and in addition to that I have savings of amount €9,984 in Indian bank which I
got through gold loan from my father account for your references here I am attaching the
receipts as mentioned above the funds which I have are good enough for pending tuition fee and
living expenses.

Furthermore, my mother has an annual income of €6,468, and my father has an annual income
of €4,105 so combined my family have total annual income of €10,573, in which they will be able
to repay gold loan and personal loan of amount €2,651 so after deducting this amount from my
family’s total income they will have €7,922 which is enough to cover the household expenses.

Apart from the above savings, my family has fixed assets of €98,606 which can be used for
education and living expenses if needed.

As stated above we plan to use the above-mentioned amount. So, I have enough funds for my
education and living expenses throughout my 1.5 year stay in Ireland. If you have any queries,
kindly contact me.

I am also providing all the necessary documents supporting my finances along with a letter from
Griffith College Dublin which contains all the information about the tuition fee and living
expenses required for my stay in Ireland.
 SPONSORS DETAILS
SPONSOR 1:

Name Mr. Balaji Shanmugavel

Relationship Self
Mobile +91 – 9080071895
Email balajishanmugavel.1995@gmail.com
Home Address H No: 1/19, Vellalar Street, Vengur, Vill-po
Thiruverumbur-TK, Tiruchirappalli, Rural
620013
Occupation Private Employee
Salary/Income € 7,640 per Annum
Bank details & A/C No. where your HDFC Bank
salary/income is lodged Account Number: - 50100300092992
Indian Bank
Account Number: - 6399604732

Current balance/ Fixed Deposits/ PF/ etc.
Please indicate precisely the level of
sponsorship being provided
HDFC Bank Savings - € 8,683
Indian Bank Savings - € 9,984
PF Savings: € 2,053
I wish to sponsor myself for the education and
duration of stay in Ireland.

SPONSOR 2:

Name Mr. Shanmugavel S

Relationship Father
Mobile +91 - 9600749240
Email balajishanmugavel.1995@gmail.com
Home Address H No: 1/19, Vellalar Street, Vengur, Vill-po
Thiruverumbur-TK, Tiruchirappalli, Rural
620013
Occupation Businessman
Salary/Income € 4,105 per Annum
Bank details & A/C No. where your Indian Bank
salary/income is lodged Account Number: - 462515323
Current balance/ Fixed Deposits/ PF/ etc Savings €
Please indicate precisely the level of I wish to sponsor my son for the education and
sponsorship being provided duration of stay in Ireland.

SPONSOR 3:

Name Mrs. Devika Shanmugavel

Relationship Mother
Mobile +91 - 7395873195
Email balajishanmugavel.1995@gmail.com
Home Address H No: 1/19, Vellalar Street, Vengur, Vill-po
Thiruverumbur-TK, Tiruchirappalli, Rural
620013
Occupation Business Women
Salary/Income € 6,468 per Annum
Bank details & A/C No. where your Canara Bank
 salary/income is lodged Account Number: - 2627101026488
Current balance/ Fixed Deposits/ PF/ etc Savings €
Please indicate precisely the level of I wish to sponsor my son for the education and
sponsorship being provided duration of stay in Ireland.

Declaration:

I have been assisted by my educational agent throughout the entire process

Company Name Yathapu Consulting Pvt Ltd.

Contact Name Srinivasa Raju Bhogaraju
Email srinivasa@i20fever.com
Mobile +91 73375 60400

Regards,
Balaji Shanmugavel
balajishanmugavel.1995@gmail.com
9080071895