As house prices continue to rise, more and more people choose to buy their property through loans. However, one of the greatest shortcomings of the loan was the need for long-term or even life-long repayment. In such cases, many would choose to borrow money from their families or relatives to repay the loan, which, while addressing the current funding problem, would be a major problem in proving that the money originated from family or relatives. The following are some possible ways of proving it。

How can you prove that your parents helped me with the loan

I. CONTRIBUTIONS

If your parents or relatives help you to repay your loan, you need to provide proof of the grant. The certificate usually includes the following:

1. Certification of the identity of the grantee and the recipient

2. Amounts and modalities of gifts

3. The timing and purpose of the grant

Signature and seal of the certificate of gift。

In this way, you can prove that the money was given to you by your family or relatives and that you were not asked to repay it。

II. PROVIDING OF BUSINESS

If your parents or relatives help you to repay your loan by borrowing it, you need to prove it. The loan certificate usually includes the following:

Identification of the borrower and the borrower

2. The amount of the loan and interest

3. Borrowing time

4. The manner and time of repayment

Signature and stamp of the loan certificate。

In this way, you can clearly prove that the money was loaned to you by your family or relatives and that you have a repayment plan。

III. Certification of bank transfers

If your parents or relatives help you to repay your loan, you need to have a bank transfer certificate. Bank transfer certificates usually include the following:

(i) Bank accounts and identification of the money transferor and the payee

The amount and time of the transfer

3. The purpose of the transfer and the flow of water。

This approach is most direct to the identification of the source of the funds, as bank flow records can be kept and it is easier to prove the flow and source of the funds。

In addition to these three ways, there are other ways of proving the source of financing, such as a mortgage certificate, notarized information, etc. In practice, however, the three approaches are most common and convenient。