Bank balance manifests the amount of the person’s savings or financial condition. For applying for a visa in any country, bank balance provides a look at the student’s financial status of surviving outside the country. There are different requirements in every country for bank balances of student visas. The statement of bank balance is an essential requirement for applying for a visa, in any country.let us know How Much Bank Balance Is Required For Malta Student Visa?
The requirement of Bank balance for applying for a student visa in Malta hits a little differently; they need proof that the student is independent enough and can bear their expenses in Malta. The proof is the bank statement, but the student needs to maintain the bank balance in such a way that gives proof that the applicant can spend at least 48 euros in a single day. It is the least amount to spend in the whole day, according to this calculation, the student needs to maintain a bank balance. The student needs to show that they can spend a minimum of 730 euros per month of study in Malta. It is the least amount to show the Malta embassy, an applicant can show more than but not less. The bank balance for a Malta student visa, especially for an International student, is compared with 75% of the minimum wage in Malta.
In this article, the bank balance requirement and other requirements for a Malta student visa are discussed in detail.
Requirements of Malta student Visa
Malta is the best choice for study and living. Malta is a peaceful and affordable country to study for international students. Malta provides affordable study programs for students, and they can easily live there and complete their higher studies. Malta offers free study programs to the citizens of European countries and many scholarships for international students. They offer half-funded or fully-funded scholarships for students who secure excellent remarks in their previous academic performance and helps the intelligent student to make their career bright. An international student who admires Malta to continue their higher education needs to complete the visa requirements of Malta. The statement of bank balance for the Malta student visa is very important, and along with the bank balance proof, the applicant needs to show their name and need to issue the debit card of the same bank of which they are showing the bank balance record. The bank statement of Malta is described; in such a way that it is according to the calculation of complete expenditure of single day or every month expense will be multiplied by the stay duration of the student in Malta. Along with the bank balance requirements, other requirements also need to be fulfilled for applying for the Malta student visa. For the Malta student visa, the complete bundle of requirements is; mentioned below;
- The visa application form. The form should be carefully filled with the signature of the applicant.
- The confirmation letter from the authorized university in Malta shows the admission of the applicant to the institute and information related to the batch, study program, and stay duration.
- The passport-size images of the student with clear and visible facial features.
- The passport-size images are; required with a white color background.
- The original passport of the student. The passport must be valid.
- The most important; requirement for a Malta student visa is that the student needs to show their housing evidence to the Malta embassy. The student is required to show and give evidence of their accommodation like; bookings of hostel, hotel, and other rental places for their stay during the study program.
- If the student doesn’t book these accommodation places, then the applicant must need to show the house address of their friend or family member along with their invitation letter.
- The bank balance of the student gives evidence that the student is capable of bearing their expenses during their stay in Malta.
- The amount of the Bank balance is according to the calculation of daily expenditures, tuition fees, and accommodation fees. First, students need to calculate these; expenses and then need to maintain enough bank balance for a Malta student visa.
- All the genuine educational documents and certificates.
- The details of the study program that students want to start in Malta.
- The health insurance of the applicant is also an essential requirement for the Malta student visa. The health insurance of the student must show coverage of a minimum of Thirty thousand euros (30,000).
Process of Malta Visa
The process for applying for a student visa in Malta is simple; the applicant needs to check and read all the requirements defined by Malta for its visa. After that, the applicant needs to collect all the documents and fill out the visa application forms. Once all the documents and bank statements are ready, the applicant needs to book the appointment to submit the visa application. At the Malta embassy, the student needs to submit all the documents and visa application along with the Visa fee. After submission, the applicant needs to wait approximately one month for their response. The duration of 1 month is the visa process time in Malta.
Conclusion
The information related to the bundle of Malta student visa requirements is described in this article. The bank balance for a Malta student visa is a crucial requirement and is proof of the student’s financial status. The student must have at least 48 euros to spend per day.
FAQs
What are the reasons for the rejection of a Malta student visa?
The main reason for rejecting the Malta student visa is the bank statement; they reject it when the bank balance is insufficient for student financial expenses.
What is the visa process time in Malta?
The visa process time is 1 month, but it can take more time sometimes due to a load of many applications.
