New Zealand is considered to be a sought-after hub for Indian students who wish to pursue education abroad. There are various universities in New Zealand that accepts Indian students and allows them to pursue the course of their choice. In order to ensure that the student is able to meet the cost required to complete their education in New Zealand, there are various banks and NBFCs in India that offer education loans at affordable interest rates.
There are various universities in New Zealand from where you can pursue a course of your choice. Some of the top New Zealand universities are:
|Bank||Rate of interest||Tenure|
|HDFC Bank||9.55% p.a. onwards||Up to 15 years|
|State Bank of India||8.65% p.a. onwards||Up to 15 years|
|Union Bank of India||15% p.a. onwards||Up to 15 years|
|Axis Bank||13.70% p.a. onwards||Up to 20 years|
The following expenses are covered under an educational loan:
Given below is the list of documents you will have to submit while applying for an education loan to study in New Zealand:
You can visit the official website of the bank from which you wish to apply for an education loan. You will have to submit the necessary documents, including the duly signed application form. A representative from the bank will help you with the application process.
You can also visit the nearest branch of the bank of your choice and apply for an education loan. There you will have to submit the necessary documents along with the duly signed application form.
It will take around 15 days for your application to be processed.
There are certain banks in India who offer concession on the interest rates if you are a girl.
The bank may not ask for security. However, if your loan amount is high, then the bank may ask for collateral.
Yes, banks in India will offer you an education loan if you wish to pursue PhD from a university in New Zealand.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.