Can you elaborate on the funding requirements and education loan process for studying abroad, especially if I have not filed ITR before in New Zealand?

To study in New Zealand, you must show proof of funds covering tuition, living expenses, and travel. Immigration New Zealand (INZ) currently requires:

- Living expenses: Minimum NZD $20,000/year for tertiary studies (subject to change)
- Travel expenses: Typically NZD $2,000
- Tuition fees: Varies by institution and course

Acceptable proofs include recent bank statements, education loan sanction letters, fixed deposits, or sponsorship documents.

You can apply for an education loan even if you haven't filed Income Tax Returns (ITR), but banks may ask for alternative proofs like salary slips, bank statements, or a co-applicant with steady income. Collateral can also help if income documentation is limited. Lender policies vary, so private banks and NBFCs may be more flexible than public banks.