Education Loan for New Zealand Study Visa

0:44-Eligibility for Students who want Education Loan for NZ Study Visa
2:56-Can students use Education Loan to cover full duration of study in NZ?
4:44-Documents to attach along with Loan Letter
6:32-Is Family Income docs enough proof to show ability to payback loan?

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Education Loan for New Zealand Study Visa

This video is for the students who are planning to fund their study in New Zealand through an education loan and the important aspects they should keep in mind.

Indian applicants can look for information about: New Zealand study visa, New Zealand education loan, Study in New Zealand, New Zealand study visa requirements for Indian students, New Zealand student loan interest rate, New Zealand student visa, New Zealand study visa proof of funds, New Zealand student visa funds

Eligibility for Students who want an Education Loan for a New Zealand Study Visa

When applying for a New Zealand student visa, there are specific requirements for funds accepted by New Zealand immigration. Many ways by which students may show they have the required funds to support their study, and the cost of living, and an education loan is one of them.

The INZ checklist mentions the requirements. For an Indian applicant, the loan must be secured against a property which is in the name of an acceptable sponsor. The loan letter must contain:

• New Zealand student loan interest rate
• Details of the property against which the loan is secured
• When would the loan repayment start

Can students use an Education Loan to cover the full duration of study in New Zealand?

The amount of funds that students need will depend on the duration of the course, and according to INZ, applicants must have access to funds for the whole duration of their study. The amount of funds would also depend on whether the applicant has a certain portion of savings and there may be a shortage of funds that the applicant will get together through an education loan.

Documents to attach along with the Loan Letter

Applicants must attach the repayment plan. The case office must be satisfied that the family is in a position to repay the loan. Attach family income documents to prove financial stability.

Is Family Income docs enough proof to show the ability to pay back the loan?

Family income documents would depend on the kind of occupation the applicant’s parents are into. The loan amount should be consistent with the family income. In case the loan amount is higher than the family income, the case officer will take into consideration many aspects like family structure and the funds left for their expenses after the loan is repaid.

Those who want more information regarding education loan for New Zealand study visa, make sure to get advice from West Highlander Immigration.

• New Zealand study visa
• New Zealand education loan
• Study in New Zealand
• New Zealand study visa requirements for Indian students
• New Zealand student loan interest rate
• New Zealand student visa
• New Zealand study visa proof of funds
• New Zealand student visa funds

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