Education Loan to Study in the New Zealand

Fulfill your dream to study in top Study in the New Zealand universities with hassle-free loans covering tuition, living, and travel — at competitive rates.

  • Attractive interest rate
    Attractive interest rate

    Flexible and low interest options to suit your needs.

  • Collateral free loan
    Collateral free loan up to Rs. 1.25 Cr*

    No security required for reputed universities.

  • EMI after course
    EMI starts after course completion

    Repay only when you start earning.

  • Covers all expenses
    Covers course, living & other expenses

    One-stop solution for all education-related costs.

NBFCs

Secured Loan Interest Rate
9.5 - 11.5 %
Unsecured Loan Interest Rate
8.95 - 13.0 %
Max Secured Loan Amount:
₹ 3,50,00,000
Max Unsecured Loan Amount:
₹ 4,00,00,000
Secured Loan Interest Rate
10.5 - 14.0 %
Unsecured Loan Interest Rate
10.25 - 14.5 %
Max Secured Loan Amount:
₹ 1,00,00,000
Max Unsecured Loan Amount:
₹ 1,25,00,000
Secured Loan Interest Rate
NA
Unsecured Loan Interest Rate
11.0 - 14.0 %
Max Secured Loan Amount:
NA
Max Unsecured Loan Amount:
₹ 1,00,00,000
Secured Loan Interest Rate
11.5 - 12.0 %
Unsecured Loan Interest Rate
11.0 - 14.0 %
Max Secured Loan Amount:
₹ 50,00,000
Max Unsecured Loan Amount:
₹ 1,00,00,000
Secured Loan Interest Rate
10.5 - 14.0 %
Unsecured Loan Interest Rate
10.25 - 14.5 %
Max Secured Loan Amount:
₹ 1,00,00,000
Max Unsecured Loan Amount:
₹ 1,25,00,000
Secured Loan Interest Rate
10.5 - 14.0 %
Unsecured Loan Interest Rate
10.25 - 14.5 %
Max Secured Loan Amount:
₹ 1,00,00,000
Max Unsecured Loan Amount:
₹ 1,25,00,000
Secured Loan Interest Rate
10.5 - 14.0 %
Unsecured Loan Interest Rate
10.25 - 14.5 %
Max Secured Loan Amount:
₹ 1,00,00,000
Max Unsecured Loan Amount:
₹ 1,25,00,000
Secured Loan Interest Rate
10.5 - 14.0 %
Unsecured Loan Interest Rate
10.25 - 14.5 %
Max Secured Loan Amount:
₹ 1,00,00,000
Max Unsecured Loan Amount:
₹ 1,25,00,000

Private Bank

Secured Loan Interest Rate
8.65 - 9.15 %
Unsecured Loan Interest Rate
9.15 %
Max Secured Loan Amount:
₹ 3,00,00,000
Max Unsecured Loan Amount:
₹ 50,00,000
Secured Loan Interest Rate
7.15 - 10.7 %
Unsecured Loan Interest Rate
NA
Max Secured Loan Amount:
₹ 2,00,00,000
Max Unsecured Loan Amount:
NA
Secured Loan Interest Rate
11.0 - 11.5 %
Unsecured Loan Interest Rate
10.8 - 13.0 %
Max Secured Loan Amount:
₹ 50,00,000
Max Unsecured Loan Amount:
₹ 1,00,00,000s
Secured Loan Interest Rate
8.25 – 10.35 %
Unsecured Loan Interest Rate
7.1 – 10.35 %
Max Secured Loan Amount:
₹1,50,00,000
Max Unsecured Loan Amount:
₹40,00,000
Secured Loan Interest Rate
8.75 – 11.75 %
Unsecured Loan Interest Rate
7.5 – 12.25 %
Max Secured Loan Amount:
₹ 2,00,00,000
Max Unsecured Loan Amount:
₹ 1,00,00,000
Secured Loan Interest Rate
9.25 - 12.5 %
Unsecured Loan Interest Rate
10.25 - 12.5 %
Max Secured Loan Amount:
₹ 3,00,00,000
Max Unsecured Loan Amount:
₹ 1,00,00,000
Secured Loan Interest Rate
NA
Unsecured Loan Interest Rate
11.0 - 14.0 %
Max Secured Loan Amount:
NA
Max Unsecured Loan Amount:
₹ 1,00,00,000
Need Help in education loan? — Free 1-on-1 Counseling with Our Advisors.

30K+ Students Counselled

600+ Universities

Study in New Zealand with PayStudy


New Zealand is steadily becoming a preferred study destination for Indian students, especially as other major countries tighten student visa rules. Recently, visa fees increased, but processing times improved to 4–6 weeks, making the student journey faster and more predictable.

Applications from India have already seen a 17% rise, thanks to supportive study pathways, post-study work options, and globally ranked universities. If you're seeking world-class education, practical learning, and a friendly student ecosystem, New Zealand is worth serious consideration.

If you’re looking for quality academics, excellent work opportunities, and a smooth student journey abroad then Ireland is a smart choice.

Key Highlights – Studying in New Zealand

Factors Description
Average Cost of Study ₹11.23L – ₹17.86L/year (NZD 22,000 – 35,000)
Average Living Cost ₹7.65L – ₹10.21L/year (NZD 15,000 – 20,000)
Funding Options Scholarships, education loans, part-time work, personal savings
Major Intakes February, July (limited September programs)
Study Visa Types Student Visa, Pathway Visa, Post-Study Work Visa
Popular Cities Auckland, Wellington, Christchurch, Dunedin
Visa Fee ₹16,840 (NZD 330)

Why Choose New Zealand?

New Zealand stands out for offering flexible international student pathways while many countries raise entry barriers.

Key Benefits

  • All 8 universities in the global Top 3%
  • Strong post-study work rights of up to 3 years stay-back
  • Scholarships for Indian students (e.g., NZ$20,000 from University of Auckland)
  • Affordable education and living costs vs. top destinations
  • Practical, industry-focused learning & high employability
  • Work rights: 20 hours/week during study, 40 hours/week during breaks

A safe, innovative, and welcoming society makes it ideal for students focused on education + global exposure.

How It Works


Fill Out Application

Submit your profile and loan requirements through our simple online form.

Get Pre-Approved Offers

Receive loan offers matched to your profile from top partners.

Document Collection

We help gather and verify all your required documents quickly.

Loan Processing

Our experts handle coordination with banks/NBFCs for fast sanction.

Disbursement

Funds are sent directly to the university or your account as needed.

Top Universities in New Zealand – Entry Requirements for Indian Students

University UG Requirement PG Requirement MBA Requirement Popular Courses
Auckland University of Technology (AUT) Class 12 + IELTS 6.0 Bachelor’s with GPA B (3.0) + IELTS 6.5 Bachelor's + GMAT 550 Design, Business, Health Sciences
Massey University Class 12 + IELTS 6.0 (5.5 min) Bachelor’s GPA 2.75 + IELTS 6.5 Bachelor’s + GMAT recommended Business, Science
University of Auckland Class 12 + IELTS 7.0 Bachelor’s GPA 5.5 + IELTS 6.5–7.0 Bachelor’s + GMAT 550 Engineering, Arts, Commerce
University of Otago Class 12 + IELTS 6.0 Bachelor’s GPA 2.8 + IELTS 6.5 Bachelor’s + GMAT recommended Engineering, Management
Victoria University of Wellington Class 12 + IELTS 6.5 Bachelor’s GPA B (3.0) + IELTS 6.5 Bachelor’s + GMAT 550 recommended Law, Commerce, Arts

Required Tests

Test Purpose
IELTS / TOEFL / PTE English proficiency
GMAT Required for business-related PG programs
GRE Recommended for engineering & IT programs
SAT Optional but strengthens UG applications
UMAT / Interview Required for some medical programs

Eligibility Requirements

Age: No fixed limit, but gaps must be justified.

Academics

  • Relevant qualification for chosen course
  • GPA conversion required for PG applicants
  • University-specific merit lists must be checked on official sites

Documents

  • LORs from teachers/mentors
  • SOP explaining academic goals & motivation

New Zealand Student Visa Checklist

Documents required:

  • Valid passport
  • Recent photographs
  • University offer letter
  • Academic transcripts
  • Tuition fee payment proof
  • Income & fund proof
  • Medical & character certificate
  • English test results
  • Travel/health insurance
Processing time: ~4–6 weeks

Cost of Studying in New Zealand

Expense Estimated Cost (NZD) Notes
Tuition Fees UG: 25,000 – 45,000 / PG: 20,000 – 37,000 per year Varies by course
Visa Fee 530 – 600 Based on location
Health Insurance 350 – 700 per semester Mandatory
Accommodation 600 – 1,200/month Shared/independent
Food 300 – 500/month Cooking reduces costs
Utilities 200 – 300/month Often shared
Transport ~215/month Student discounts available
Books & Supplies ~300/year Varies by course
Phone/Internet ~110/month Some rentals include Wi-Fi
Lifestyle/Misc 200/month Personal expenses

Scholarships for Indian Students

Scholarship Benefits Eligibility
GyanDhan Scholarship Up to ₹1,00,000 Indian students with education loan
ADB-Japan Scholarship Full tuition + stipend PG, under 35, return-home commitment
INSPIRE Funding support for science students Ages 17–22, strong academics
University/ NZ Govt Scholarships Up to NZ$20,000 Merit-based

Part-Time Work & Career Pathways

  • Work 20 hrs/week during study
  • Work full-time during breaks
  • Great opportunities in tech, healthcare, agriculture, finance, and tourism

Part-time work helps with living expenses and local experience but cannot be used as proof of funds for visa.

Pathway to PR in New Zealand

Stage Opportunity PR Eligibility
After Graduation Up to 3-year Post-Study Work Visa
After Job Offer Switch to Skilled Migrant Category
PR Eligibility After 5 years (2 years if working with accredited employer under WTR)

Keep previous visa documents for smooth PR processing.

Plan Your New Zealand Education with PayStudy

PayStudy supports students with:

  • Education loans & funding guidance
  • University selection & admissions support
  • SOP/LOR assistance
  • Visa documentation & submission
  • Pre-departure prep

Frequently Asked Questions About Study in the New Zealand

Are you ready to transform your life?

Check Your Education Loan Eligibility

Get your education loan eligible within a minute.