Studying in New Zealand is an exciting journey — and funding it is easier than you think. Study LEAP helps Indian students get education loans specifically structured for New Zealand-bound students, covering tuition, living costs, and visa-related requirements.
Education Loan for New Zealand — Key Details
Courses
Masters, PG Diploma, MBA
Max Loan
₹50 Lakh
Visa
Student Visa
Lenders
Avanse, Auxilo
Important Note for New Zealand-Bound Students
Key requirement: Post-study work visa available up to 3 years; Auckland, Wellington main destinations
Study LEAP coordinates all these requirements simultaneously — loan, bank statement, and visa documents are processed together so there's no delay.
Documents Required
- Admission letter / offer letter from the university
- Academic marksheets (10th, 12th, graduation)
- Co-applicant KYC: Aadhaar, PAN, Passport
- Co-applicant income proof: Salary slips (3 months) or ITR (2 years)
- Bank statements (6 months)
- Fee structure from the university
- Collateral documents (if applicable): Property papers, FD certificates
Interest Rates & Repayment
For New Zealand-bound students, interest rates range from 8.5% to 13.5% depending on the lender and your profile.
Repayment begins after your course ends + 6–12 month moratorium (grace period). Total tenure up to 15 years.
Tax benefit: Full interest paid is deductible under Section 80E for up to 8 years — zero upper limit.