If I go for an education loan, will all the income and financial requirements still apply in Australia/New Zealand?

Yes, even with an education loan, you must still meet all financial requirements for student visas in Australia and New Zealand.

- For Australia, you need to show funds for tuition (first 12 months), living costs (AUD 29,710/year), and travel (about AUD 2,000 - 3,000). Your loan approval letter should clearly state the amount, purpose (education), and terms from a recognized lender.
- For New Zealand, you must demonstrate funds for tuition, living expenses (NZD 20,000/year), and return travel. The loan sanction letter must detail the amount, collateral, repayment terms, and be backed by a guarantor.

Comprehensive documentation is essential.