Best Service 10+ Lenders

Education Loan for New Zealand

Get up to Rs 60 Lakhs for your Studies Abroad in New Zealand within 3 days at Zero Service Charges!!

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100+ Cr
Disbursed
10+
Banks & NBFC
15+
Countries
3 days
Average Time
ICICI Bank Logo

Interest Rate

starts 9.5%

Amount

Upto ₹100 Lacs

Processing Fee

1% - 2%

Type

Bank

Loan Tenure

12 years

Tax Benefits

Yes

7 days processing time
ICICI Bank Logo

Interest Rate

starts 10%

Amount

Upto ₹40 Lacs

Processing Fee

1% - 2%

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

5 days processing time
Union Bank Logo

Interest Rate

starts 9.8%

Amount

Upto ₹40 Lacs

Processing Fee

₹0

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

15 days processing time
Axis Bank Logo

Interest Rate

starts 10.25%

Amount

Upto ₹75 Lacs

Processing Fee

2%

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

10 days processing time
HDFC Credila Logo

Interest Rate

starts 11.5%

Amount

Upto ₹60 Lacs

Processing Fee

1% - 1.5%

Type

NBFC

Loan Tenure

15 years

Tax Benefits

Yes

4 days processing time
Auxilo Logo

Interest Rate

starts 12%

Amount

Upto ₹45 Lacs

Processing Fee

1% - 2%

Type

NBFC

Loan Tenure

10 years

Tax Benefits

No

3 days processing time
avanse Logo

Interest Rate

starts 12.25%

Amount

Upto ₹45 Lacs

Processing Fee

1% - 1.5%

Type

NBFC

Loan Tenure

15 years

Tax Benefits

No

4 days processing time

Education Loan for Study in New Zealand

The Study in New Zealand is expensive for Overseas students. Like other countries, they need solid evidence behind the source of funds. The most reliable source of funds is an Education Loan. We will help you get funds for your tuition fees, living expenses, health insurance and other travel-related costs.

Eligibility Criteria for New Zealand Education Loan

Many Banks and NBFCs provide Education loans to students wanting to study in New Zealand. To be eligible for it, you must fulfil the following eligibility criteria.

  • The applicant must be an Indian.
  • The applicant must secure admission or have already applied to a recognized university/college in New Zealand.
  • The financial institution must recognize the degree/course.
  • The Co-Applicant must be an Indian and should have an earning source.
  • The Co-Applicant can be your parents, grandparents and siblings (as mandated by New Zealand Embassy)

Documents required for New Zealand Study Loan

The applicant must share these documents to obtain an education loan in India. Almost all financial institutions have similar requirements regarding the documentation part. Depending on the applicant's profile, they may ask you for more documents, but here are the common list of documents.

  • Passport, Aadhar Card and PAN Card of Applicant
  • Academic Documents & English Language proficiency test results (e.g. IELTS, TOEFL, PTE etc.)
  • Offer Letter from an New Zealand University/College or proof of application
  • Aadhar Card and PAN Card of Co-Applicants
  • Income Proof such as Salary Slips, GST Certificate, Business registration etc., of Co-Applicants.
  • Bank Statements of both Applicant and Co-Applicants
  • Collateral documents such as Property registration or Fixed Deposit receipts (if available).

Things that an New Zealand Education loan covers

To Study in New Zealand, a student has to bear many mandatory expenses, such as

  • University/College Fees (NZ$22,000 - NZ$37,000)
  • Living Expenses
  • Health Insurance
  • Travel Expenses (One-way flight costs about NZ$1500)
  • Other research, thesis, and project-work-related expenses (vary)

Why Abroad Cube ?

If you are looking for an Education Loan, you are in the right place. We will help you get funds for your dream of studying in New Zealand from the world's best universities.

  • Higher Chances of Approval - On applying for an Education Loan through Abroad Cube, you can expect higher chances of approval as our expert will verify the documents before submission and suggest better alternatives for higher approval.
  • Zero Charges - We help you apply for an Education Loan at Zero costs
  • Online Process - With Abroad Cube, applying for an Education Loan is entirely Online. You must submit all the required documents online, and we will send them to the concerned Bank of NBFC. Our system is designed to handle your education loan application online with timely updates.
  • Quicker Sanctions - Our education loan partners have lower processing times. Our expert will verify the documents before submission to avoid processing delays.
  • Cashbacks and Offers - You will get up to Rs 10,000 cashback when you apply for an Education Loan through Abroad Cube
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