How should I manage my funds for studying in New Zealand, considering part savings and part loan, and what type of loan is accepted for the visa process?

Yes, you can use a mix of personal savings and an education loan to fund your studies in New Zealand.

- Savings: Funds should be held in your account for several months before your visa application.
- Education loan: Immigration New Zealand prefers loans from recognized nationalized or multinational banks, secured against assets like property. The sanction letter must detail the amount, collateral, interest rate, repayment terms, and moratorium.
- Unsecured loans: These are only accepted if the full amount is disbursed into your account and held there for 3 - 6 months, with clear documentation. Loans from NBFCs or co-operative banks are usually not accepted unless these strict conditions are met.

Combining long-held savings with a sanctioned education loan strengthens your visa application.