Am I eligible for an education loan, and how much loan can I receive in New Zealand for a Master's?
31 Jul 2026 · Answered by Gagandeep Singh · 1 min read
Yes, you are eligible to apply for an education loan for your Master's in New Zealand.
Key points:
- Eligibility: Indian nationals with at least 50 - 60% in Class 10, 12, and graduation typically qualify. A co-applicant (parent, sibling, or close relative) is usually required.
- Loan Amounts: Up to ₹7.5 lakh without collateral; much higher amounts (up to ₹3 crore or more) are possible with collateral, depending on the lender and collateral value.
- Visa Note: New Zealand generally does not accept non-collateral (unsecured) loans for visa approval unless the full amount is disbursed and held in your account for 3 - 6 months before applying.
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