• Home
• Education Loan for New Zealand Without Collateral

Education Loan for New Zealand Without Collateral through GoStudy

Decorate your career in New Zealand with the aid of a reliable Education loan for New Zealand without Collateral through GoStudy?

New Zealand is one of the top destinations for talented aspirants owing to the country’s growing economy. Education loan for New Zealand without collateral through GoStudy helps with career advancement steps securely. GoStudyLoans, with offices in Hyderabad, Pune, Bangalore, Chennai, Trivandrum, Delhi, and Mumbai, can assist with the best education loan without collateral for New Zealand through GoStudy.

Request Callback Verify OTP

Resend OTP

---

9

Factors That Get You New Zealand Education Loan Without Collateral through GoStudy

1

Outstanding Academic Background

Getting an unsecured education loan for New Zealand through GoStudy becomes easy if you can score outstanding academic results.

2

University Choice is Important

University choice plays a crucial role in education loan in New Zealand without collateral through GoStudy. This is owing to the prospect.

3

Prospective Career and Programs

The future job prospect is one of the key factors for the loan, and GoStudyLoans covers more than 90% of the courses exclusively for the best job prospects.

4

Immense Opportunities in New Zealand

New Zealand is home to immense opportunities due to the dynamic market. This is why an education loan for New Zealand without collateral is utterly important.

5

Loan With No Income Proof

GoStudyLoans helps you get a Non Collateral Education Loan for New Zealand simply on the basis of your KYC and needs no income proof.

6

Easy Sanction & Disbursement

Forget all the legalities and hassles of a collateral loan and settle for the best education loan to study in New Zealand without collateral through GoStudyLoans.

7

Best in-Class Education Product

GoStudyLoans offers the best education loans and interest rates based not just on your financial profile but future prospects as well.

8

Prompt Loan Processing

Because GoStudyLoans processes 1000s of loans every day, our dedicated team and credit managers work in sync to process your loans at a blazing speed.

9

Lowest Interest Rates

GoStudyLoans helps you get the lowest interest rates on education loans, which are generally 0.5% to 1% less than the conventional market rates.

---

---

Unsecured Education Loan for New Zealand through GoStudy

Education loans are very important for talented aspirants since the rising costs of education are soaring high, and expenditures are sky high while you are pursuing your career abroad. The availability of education loans helps students to manage their academic and accommodation expenses abroad with ease. This is the reason most banking organizations and financial lenders have started offering education loans for students to pursue their careers abroad. Taking the aid of a reliable education loan is apparently the best financial decision they can make toward their career. New Zealand has turned out to be one of the hottest destinations for a bright and outstanding future career for talented aspirants.

However, the problem is when you try reaching out to a bank or a lender for an education loan, most of them will want you to go for collateral or secured loan, which requires you to pledge any form of the asset as a security to the loan amount. Not all of the students are able to pledge anything to the bank, and moreover, the process related to collateral loans is very hectic and cumbersome. However, the good news is that many NBFCs and banks now offer unsecured education loans for New Zealand through GoStudy, and GoStudyLoans has partnered up with them. The loans can cover the immediate and important expenses, including your Tuition Fee, Accommodation Costs, Travel, Food, Shopping, etc., whilst you are in pursuit of your dream career in New Zealand. Reach out to us for an Education Loan for New Zealand Without Collateral through GoStudy, hold hands with professionals, and fulfill your career dreams.

The mentioned costs above are just a part of the entire expenses you may need to incur while you are abroad. GoStudyLoans helps you procure an education loan for New Zealand without security that takes into consideration all other necessary electronic gadgets and books prior to your travel & other travel costs associated with making it to New Zealand.

Interest Rate For Education Loan To Study in New Zealand Without Collateral through GoStudy

When you are granted any form of loan, the lender usually charges a rate of interest on the repayment amount of the loan. The same goes for an Education Loan for New Zealand without Collateral through GoStudy, and interest rates are levied on the loan amount after sanctioning to fulfill your educational needs. Interest rates are oftentimes decided by looking at the credit score, financial background, university selection, course selection, and other intricate details of the candidate. For unsecured loans, the interest rates are always on the higher side as compared to that secured loans. GoStudy’s main intention is to ensure that the students are able to secure the lowest interest rates on loans compared to other conventional lenders on the market for their dreams to come true. Our experts will give you the best Education Loan for New Zealand Without Security through GoStudy deals and answer all questions meticulously.

Non-Collateral Education Loan for New Zealand through GoStudy has flexible interest rates, and that may change over time depending on the profiling of the course and the outstanding credit. A simple interest rate is placed on the loan after calculating it at a SI formula.

Below are the interest rates that are offered for education loans for New Zealand without Collateral through GoStudyLoans:

Add to that, the specific mathematical formula used to determine the EMI based on the interest rate for Education Loan for New Zealand without Collateral through GoStudy is:

EMI = [Principal Amount x Rate of Interest x (1 + Rate of Interest) Tenure*] / [(1 + Rate of Interest ) Tenure* - 1]

*Please note that the tenure is calculated in months.

What Are The Costs That Are Covered In An Education Loan Without Collateral In New Zealand through GoStudy?

Opting for an unsecured Education Loan for New Zealand through GoStudy is a very good idea because it covers an exhaustive list of expenses related to your studying and staying in New Zealand. The expenses account for the applicant’s tuition fee, accommodation, food, travel & other associated expenses abroad. Our collaborative financial lending institutions make sure all the financial requirements of the students are taken care of with utmost dedication and that you do not face any trouble while studying abroad.

Below is the list of the cost covered in an Education Loan Without Collateral for New Zealand through GoStudyLoans:

• Tuition Fee
• Living Expenses
• Books
• Laptops
• Travel Tickets
• Health Insurance
• Other Electronic Gadgets
• Any Application Expenses
• Competitive Exam Fee
• Visa Application Fee

An Education Loan Without Collateral for New Zealand through GoStudy can fetch talented aspirants a loan amount of up to 50 lakhs depending on multiple factors that determine the ultimate loan value eligibility. The choice of university, program choice, and job prospects upon completion play a crucial role in deciding your eligibility and finalizing the loan amount you can procure.

Following are the lists of the Costs Covered by New Zealand Education Loan through GoStudyLoans:

Unsecured Education Loans for New Zealand Without Collateral Through GoStudy

Your chances of availing an Unsecured Education Loan for New Zealand through GoStudy are doubled if you can procure an offer letter of admission from any of the top universities in New Zealand. Some other factors may also determine the eligibility criteria of education loans for New Zealand without collateral through GoStudy which are the course attended, the university selection, and the future job prospects upon successful completion of the academic course. Unsecured Education Loans for New Zealand through GoStudy can fetch you up to the loan amount of 50 lacs; however, it solely depends on the financial and academic portfolio of the candidate. The sanctioning and disbursement of a Non-Collateral Education Loan for New Zealand through GoStudy is also dependent on the creditworthiness of the applicant, in most cases, the co-applicant. You need to have a strong and significant credit score to secure an Education Loan Without Collateral for New Zealand through GoStudyLoans.

Below is the list of documents that are required to process a Non-Collateral Education Loan for New Zealand through GoStudyLoans:

• Unconditional/Firm/Confirmed Offer Letter
• A co-applicant Income Proof is also not required in many cases
• PAN Card
• Academic Documents
• IELTS/TOEFL/PTE/English Language Scorecard, if any
• Valid Passport

The various requirements of a Non-Collateral Education Loan for New Zealand through GoStudy are based on the individual profiles of the applicant ranging from financial to academic. However, the process is completely transparent, hassle-free, and fast, co-operated by our representatives.

Collateral For Education Loan In New Zealand through GoStudy

There is no need to go through the hectic and cumbersome process of getting a collateral loan when you can easily qualify for a non collateral education loan for New Zealand through GoStudy. Nevertheless, if your profile does not match the eligibility criteria for a non-collateral education loan in New Zealand without security through GoStudy, you can follow the below-mentioned information on how and what is required to get a collateral loan. Let’s check out.

Collateral loans are usually a form of loan where you need to pledge any type of immovable property of liquid assets like gold, deposits, etc., against the loan amount sanctioned. The type of asset you may need to pledge depends on the requirements of the education loan and the lender, and these loans are also termed secured loans. Candidates whose profile does not match the Education Loan for New Zealand without Collateral through GoStudy need to opt for collateral loans. If your profile is not matching or you are eligible for an unsecured education loan for New Zealand, you may consider checking out the below-listed documents you can submit as collateral:

• House/Flat/Apartment - A personal residential property that has no dues/any standing loan on it
• Any other legal residential property with no dues or repayments
• Fixed Deposit by a registered NBFC or a nationalized bank, with a letter of affirmation from the end of the manager of the institution assigning it in favor of an education loan in New Zealand without collateral through GoStudy.
• Surrender Value Certifications of Life Insurance that are equal to the amount that is required for sanction
• A non-agricultural land within legal parameters

---

---

University-wise pre-approved amount for unsecured education loan to study in New Zealand through GoStudy

Unsecured education loans for New Zealand through GoStudy are absolutely popular and have seen a drastic increase in demand, for which many Indian banks and NBFCs have adopted some interest schemes for the loans. New Zealand has been home to the top recognized universities recently, and hence, multiple banks and lenders have come forwards with comprehensive education loan plans. You will find plenty of providers offering Education Loan To Study in New Zealand Without Collateral through GoStudy owing to almost 50,000+ students approaching Kiwi universities.

Below is the list of universities that have been pre-approved by the banks for an unsecured education loan to study in New Zealand through GoStudy

Co-applicant for the New Zealand Education Loan Without Collateral through GoStudy

Unsecured education loans for New Zealand through GoStudy always require a co-applicant to be put in place as security against the loan amount, and to ensure a 100% approval rate, keeping a co-applicant is undeniable. Even though a candidate has surplus wealth, assets, and a strong financial or credit background, most banks or lenders will often ask for a co-applicant in place. This is owing to the factor that when a student goes abroad to study, they have no income, and hence a co-applicant secures the loan. The main factors that determine the creditworthiness of the co-applicant are their age, relation with the applicant, and income structure.

In shorter words, a co-applicant acts as a form of security to the lenders that in case if under unforeseen circumstances, the applicant is unable to pay back the loan, then the co-applicant can take up the responsibility.

Below is the list of co-applicants for the Non-Collateral Education Loan for New Zealand through GoStudy that is accepted:

• Parents
• Parents-in-law
• Spouse
• Siblings
• Maternal Uncles & Aunts
• Paternal Uncles & Aunts

Eligibility Criteria For Education Loan for New Zealand Without Security through GoStudy

The eligibility criteria for a Non-Collateral Education Loan for New Zealand through GoStudy are very simple and easy to undergo. Students must procure a firm/unconditional offer letter for admission from any top New Zealand university to be eligible for an unsecured education loan for New Zealand through GoStudy. This signifies that the student has accomplished all the eligibility criteria for getting admission to the university and that the admission offer cannot be revoked at any point in time under any circumstances. Few more requirements for education loan without collateral for New Zealand through GoStudy are as follows:

• A citizen of India who is at least 18 years old.
• Has a valid co-applicant or a co-borrower, working in India or anywhere in the world, or self-employed in India. The person should be either Parent, Parent-in-law, Spouse, Siblings, Maternal & Paternal Uncles & Aunt.
• The minimum CIBIL score for an education loan without collateral for New Zealand must be met.

---

---

Pay your Application, Deposit & Tuition fees

Pay Now

---

Documents required for Education Loan for New Zealand Without Collateral through GoStudy

Although New Zealand Education Loan Without Collateral through GoStudy documents may vary depending on the requirements and profile of the student, the ultimate checklist of documents remains the same. GoStudyLoans experts make sure that you are able to understand everything smoothly and that it is completely hassle-free for you. The list of documents needed for an Education Loan Without Collateral for New Zealand through GoStudy is as follows:

• Student’s KYC
• Student’s Educational Documents
• University Course Details & Fee Structure
• Unconditional/Firm/Confirmed Offer Letter
• Co-Applicant’s KYC
• Co-Applicant’s Proof of Income
• Income Tax Returns of Student - 3 Years (If Applicable)
• Income Tax Returns of Co-Applicant - 3 Years
• Proof of Birth Documents
• Proof of Relationship with Co-Applicant
• Bank Statement for Months of Co-Applicant

It depends on the sole discretion of the lender and submitted documents of the candidate to finalize whether any more documentation is required for obtaining a Non-Collateral Education Loan for New Zealand through GoStudyLoans.

Process & Procedures For Unsecured Education Loan for New Zealand through GoStudy

The demand for Education Loan To Study in New Zealand without collateral through GoStudy is immense, as thousands of students every year apply for it. The gigantic demands for loans have compelled many banking institutions to bring compelling schemes on Education Loan for New Zealand Without Collateral through GoStudy. The basic Unsecured Education Loan for New Zealand through GoStudy process starts when the applicant informs the lender or bank about the loan amount, university name, course name, tenure, self details, and co-applicant details to name a few. The identity of the co-applicant is important and hence, needs to be provided very carefully.

Post the initial round of verifications and checks, and the lender will send a formal offer letter for the loan mentioning all other necessary details for the further processing of the loan. Processing time for an Education Loan To Study in New Zealand Without Collateral through GoStudy may range somewhere between 5 days to 7 days in most cases. When all the formalities are done and the agreement is signed, the loan amount will be sent through a DD, Cheque, or Electronic Transfer.

Sanction & Disbursement of Education Loan Without Collateral for New Zealand through GoStudy

After the loan is sanctioned, a formal sanction letter mentioning that will be sent where you can find details such as applicant details, course name, loan amount, interest, EMI, moratorium period, co-applicant details, the quantum of loan, and other relevant information. This sanction letter has to be a comprehensive one and not an in-principle letter. In-principle letters are not accepted by most universities, and it implies that the student is yet to fulfill all the eligibility details and checks and that the loan is not finalized yet.

Post the sanctioning of the Education Loan for New Zealand Without Collateral through GoStudy, the financial lender will send the amount to the university as the tuition fee and can also be sent to the applicant or the co-applicant bank account, whichever is mentioned in the agreement. The final loan amount is disbursed in INR to the applicant or university in part payments or at once, depending on the requirements and protocols of both the borrower and lender.

Moratorium Period For Education Loan Without Collateral for New Zealand through GoStudy

The moratorium period is the amount of time given to the student to pursue their education and get good employment to repay the loan. No EMIs need to be paid during this moratorium period by the student. Nowadays, the majority of the NBFCs and Banking organizations offer a moratorium period on the unsecured education loan for New Zealand through GoStudy, depending on the convenience of the student. One simple trick is to keep on paying a partial simple interest during this time which can be as low as 2000 INR, until you get employment so that you have goodwill. So understanding the moratorium period and policies are of the utmost importance before signing up for the loan.

Repayment for Education Loans for New Zealand Without Collateral Through GoStudy

The education loans for New Zealand, without collateral through GoStudy, come with easy repayment tenures that range anywhere between 12 months to 180 months. Students have full freedom to choose the repayment tenure depending on their own convenience. The financial lenders will only choose the repayment tenure for you when your financials are weak, and they need some form of assurance.

The different types of repayment options for Non-Collateral Education Loan for New Zealand through GoStudy are:

• Partial Simple Interest
• Simple Interest
• EMI
• Full Moratorium period

Tax Benefit For Unsecured Education Loan for New Zealand through GoStudyLoans under Section 80E of IT Act

Section 80E of the IT Act states that students opting for Education Loan for New Zealand Without Security through GoStudy can claim tax benefits on the complete EMI amount for the financial year. The benefits are claimable by the spouse, children, and legal guardian who took responsibility for the New Zealand Education Loan Without Collateral through GoStudy. All courses for which the loan is granted fall under the coverage of the tax exemption. The rule does not state how much tax benefit can be claimed, but it is advised to ensure the loan repayment is made within eight years of interest repayment. If you ensure the repayment is within this tenure, you are eligible to claim all the benefits under this section.

---