I borrowed a considerable amount from my friend before applying to Schengen visa. How can I explain it in my visa application cover letter about it? What if I return it back to my friend and then get a bank statement would it will be fine?
I made a mistake by getting money in my account, how can I get myself out of this situation?
Have a look at this excellent answer about demonstrating your general financial standing Should I submit bank statements when applying for a UK Visa? What do they say about me? If you did not need the loan from your friend to satisfy these points then possibly providing an explanation about the loan will suffice. If not, then your best option would be to wait until your financial history is ‘clean’ before applying for a visa. Having your brother as a sponsor does not guarantee that your application will be approved - you will still need to demonstrate your financial standing.
