What are the chances of visa approval if I use unsecured loans versus fixed deposits (FDs) as financial proof in Australia/New Zealand?

Fixed deposits (FDs) are generally viewed more favorably than unsecured loans when providing financial proof for student visa applications to New Zealand or Australia.

- Fixed Deposits: Strongly accepted if held for at least three months and supported by official bank documentation.
- Unsecured Loans: Usually not accepted unless fully disbursed, held in your account for three to six months (New Zealand), and from a recognized financial institution. Mere sanction letters or loans from informal sources are typically insufficient.

Using FDs or recognized, fully disbursed education loans improves your visa approval chances. If you’re considering an unsecured loan, discuss the specific requirements with your LeapScholar counsellor before proceeding.