Oxford 2008 Application and Beyond

[hc2008]

GOT THE ADMIT, GUYS! it confirmed my suspicions ... they are totally sending it out in a batch!

udai_c and aastha31 - wait for your letter of good news!

[LifeOnGeodesic]

Hi Markandey!

I received my Admissions' Letter by normal post today afternoon.
You should receive it any day now.

As someone said, it has admissions' greetings and an invoice of GBP 4500 to be paid on/before 28 April 2008.

Cheers!

[markandey]

I hope so too...
I read that we have to provide financial guarantee of 45K GBP with initial deposit... So I guess we must have an approved loan by then.

[LifeOnGeodesic]

Yup! That was my initial reaction too.
Now we need to get the loan approved so that we can provide financial guarantee of 45 GBP.

It would be great if anyone could throw light on asking only 20K from Barclays and not 30K.

Is it an empirical observation by students or there's some directive by Barclays. On SBS website it's stated that we can apply a maximum of 30K.

If it's wise to apply for 20K, then I need to wait for scholarship decision too. Without that I cannot calculate my exact need.

I have not seen anyone from 1st Stage post their scholarship decisions. So absolutely no idea whether I have hinged my hopes on an impossibility!!

Hoping for the best!

Originally Posted by markandey

I hope so too...
I read that we have to provide financial guarantee of 45K GBP with initial deposit... So I guess we must have an approved loan by then.

[Masala Dosa]

SBSers
Do not depend on barclays. The conversion rate was pathetic last year.
Do not ask more than 20K

If you were and are in india earning etc. forget it. you aint (nearly impossible) to get barclay to approve a loan
Good luck.
best bet is local indian banks

also, i am going sell some stuff as i am nearly done with mba, if you want it contact me thru private messaging system

Originally Posted by LifeOnGeodesic

Yup! That was my initial reaction too.
Now we need to get the loan approved so that we can provide financial guarantee of 45 GBP.

It would be great if anyone could throw light on asking only 20K from Barclays and not 30K.

Is it an empirical observation by students or there's some directive by Barclays. On SBS website it's stated that we can apply a maximum of 30K.

If it's wise to apply for 20K, then I need to wait for scholarship decision too. Without that I cannot calculate my exact need.

I have not seen anyone from 1st Stage post their scholarship decisions. So absolutely no idea whether I have hinged my hopes on an impossibility!!

Hoping for the best!

[Chiraggupta_86]

I am not sure, I am right or not.... but I think people applying for loan should apply for barclays loan as well as Indian Banks....

[LifeOnGeodesic]

Hi MD:

I appreciate your advice.
Couple of queries here:

1.) Conversion Rate? - Is it the interest rate ? or it's currency exchange rate?

2.) India earning - I agree at this point. That most of the foreign banks do not normalize Indian salary and consider the annual salary in absolute terms.
Would 1 year of earning abroad and at present being abroad (US salary) put me in a better position while applying for Barclays Loan?

3.) Can we take partial loans? As in 15-20 K from Barclays, the let's say till 7.5 lakhs from any Indian Bank? (till 7.5 lakhs we do not need to provide collateral against the loan amount)

The question arises, because I don't think so I have any collateral to generate such a kind of loan amount in India.

Seeking your advice

Originally Posted by Masala Dosa

SBSers
Do not depend on barclays. The conversion rate was pathetic last year.
Do not ask more than 20K

If you were and are in india earning etc. forget it. you aint (nearly impossible) to get barclay to approve a loan
Good luck.
best bet is local indian banks

also, i am going sell some stuff as i am nearly done with mba, if you want it contact me thru private messaging system

[ak1432]

hi ZahirX / R3 applicants,
I am applying to R3 as well, even i m confuse bout which college to apply.....A general q'n -> Do we stand any chance in R3?

[zahirx]

hey ak ..chances are slim..but if our essays and profile meet what SBS is looking for ..i dont see any reason why we cant get thru

[piermarcor]

I applied in R3 and just received the email that my application is complete... now the long wait begins!

About chances of getting in, let's see.
Application numbers in 2007 were (according to an interview to Roy Westbrook, Said, which you can find in the Economist website and as such is defeinitely reliable link) 842. Of those were interviewed 581 and made offers to 389. 225 students accepted.
Now, we know from sources in this thread that:
"For stage one last year we had 130 applications, interviewed around 90 and made offers to around 60. Stage 2 last year we received 320 applications interviewed around 250 and made offers to around 130".
So last year around 190 offers were made in round 1 and 2. Since total offers over the year were 389, it is possible to see that about half the offers were made in round 1-2, and as such the other half were in rounds 3 and 4.
This year:
"Stage one applicants for this year we had 240 applications so up a lot on last year and we will interview around 130. We have not made all the offers yet, so that is still to be determined".
This clearly indicates a tougher year, but I think they will still try to keep a balance among the different rounds.
We can conclude that R3 will be tougher than previous rounds, but definitely possible, so let's keep our hopes up!!!

Good luck everybody!!!