Student Loans For New Zealand Made Easy

Achieve your academic ambitions with GradRight’s student loans for New Zealand.

Why Choose New Zealand for Higher Education?

New Zealand is becoming a favorite place for students from around the world to study. It offers great education and lots of job opportunities after you finish your studies.

New Zealand has some of the best universities in the world; all 8 are top-ranked.

You won’t break the bank as tuition fees are usually between NZD 22,000 - 35,000 a year.

Hands-on learning approach with a focus on employability and innovation.

Graduates can stay and work for up to 3 years with a post-study work visa.

Great work-life balance with breathtaking landscapes and modern urban centers

Explore Education Loan Options for New Zealand

Education Loan for MS in New Zealand

Specially designed education for MS in New Zealand.

Education Loan for Indian Students in New Zealand

Tailored offers for education loans for Indian students in New Zealand.

Secured Loans for New Zealand studies

Collateral-backed student loans for New Zealand that ensure better financial terms.

Unsecured Loans to Study in New Zealand

Unsecured student loans for New Zealand that help finance your education without pledging assets.

Bank Name

Loan Amount

Interest Rate

Processing Time

Processing Fee

Upto 1.5Cr

10.25% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1.25%

Upto 1.5Cr

10.5% - 13%

Secured: Upto 3 weeks Unsecured: Upto 1 week

0.75% - 1.25%

Upto 85L

11% - 12.75%

Upto 1 week

0.75% - 1.25%

Upto 1Cr

11.25% - 12.75%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1.25%

Upto 75L

11% - 12.75%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.85% - 1%

Upto 1Cr

10.75% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 3Cr

9.25% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 1Cr

9.5% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 75L

11.25% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 1.5Cr

9.25% - 12.5%

Secured: Up to 3 weeks Unsecured: Up to 1 week

0.75% - 1%

Upto 1.5Cr

8.25% - 11%

Secured: Up to 3 weeks Unsecured: Up to 2 weeks

Secured: Rs. 20,000 Unsecured: Rs. 10,000

Upto $220k

8.47% - 13.5%

Automated process

500 USD + 4%

Upto $100k

9.5% & 9.99%

Up to 1 week

1% + 2%

Upto $100k

10.5% - 12.75%

Up to 1 week

200 USD + 2%

Upto $100k

9.99% - 14.99%

Automated process

6.50%

Education Loan Eligibility Criteria For Studying in New Zealand

You must have a valid student visa for eligibility.

Admission to a recognized institution is a mandatory requirement.

A strong academic record helps in loan approval.

Providing proof of funds or a guarantor is necessary.

Some lenders may require a good credit history.

New Zealand Education Loan: Documents Required

Education Loan Repayment Terms and Other Considerations

Interest Rates

Student loans for New Zealand charge 9.5% to 12% interest. ( 0% interest loans may also be available)

Moratorium Periods

New Zealand student loan repayment starts after course completion plus a 12-month grace period.

Tax Benefits

New Zealand student loans are eligible for tax benefits under Section 80E of the IT Act .

Stories From Those Who Got Affordable Study Loans For International Students in New Zealand

200,000+

students assisted

₹16,300 crore

loan requests processed

₹2,000 crore

disbursed in loans

Explore smart student loans for New Zealand and build a bright future.

Frequently Asked Questions

How to get student loans for New Zealand?

Securing an education loan to study in New Zealand may seem like an overwhelming process. But remember, thousands of Indian students do it every year. Plus, with GradRight, you can get multiple offers without submitting multiple applications. Here’s how to get an education loan for New Zealand via GradRight:

Get accepted into a recognized university in New Zealand. Lenders need your admission letter as proof.
Register on GradRight and submit your academic and financial documents.
Get loan offers from 15+ banks, NBFCs and other lenders within 48 hours.
Compare the offers based on interest rates, repayment options, and other terms.
Select the loan offer that best suits your needs and proceed with that lender.

Can I get a 100% loan to study in New Zealand?

Yes, you can. Some banks and NBFCs offer loans that cover 100% of your costs of studying in New Zealand. This includes the tuition fees, living expenses, and more.

But full funding often requires collateral (like a house) or a co-applicant with a solid income.

How much bank balance is required to study in New Zealand?

For a New Zealand student visa, you need to show you can cover your costs, which include:

Living Expenses: At least NZD 20,000 (around ₹10 lakh) per year.
Tuition Fees: The full amount your university charges.

Good News: If you’re using a loan, the loan sanction letter from an approved bank counts as proof of funds.

Is New Zealand costly for Indians?

Studying in New Zealand is an investment for Indian students. But it’s manageable with the right approach. Here’s a breakdown of the cost of studying in New Zealand:

Tuition Fees: Between NZD 20,000 and 40,000 per year (₹10-20 lakh), depending on your course
Living Costs: Around NZD 15,000-20,000 per year (₹7.5-10 lakh). Cities like Auckland cost more, while others locations like Christchurch might be less expensive.

Does an education loan cover visa fees?

Yes, many loans cover visa fees along with tuition, travel, and living costs. However, it depends on the lender. So make sure that when talking to a lender confirm if visa fees are included.