Top Banks that Offer Unsecured Study Abroad Loans for New Zealand
Planning to study in New Zealand but worried about collateral? Don't worry. Many leading Indian banks and financial institutions now provide unsecured education loans for students aiming to pursue higher studies in New Zealand. These loans are designed to ease your financial burden, and you won’t need to pledge any security.
In this blog, Vizzve Finance brings you a list of the top banks offering collateral-free education loans for New Zealand, their features, eligibility, and how to apply.
Why Choose an Unsecured Loan for New Zealand?
No collateral or security needed
Covers tuition fees, living expenses, travel, and more
Competitive interest rates
Flexible repayment options
Top Banks Offering Unsecured Education Loans for New Zealand
1. State Bank of India (SBI – Global Ed-Vantage Scheme)
Loan Amount: Up to ₹7.5 lakhs without collateral (can go higher with co-applicant)
Interest Rate: Starts from 9.55% p.a.
Processing Fee: Nil to nominal
Benefits: Quick disbursal, no margin money
2. Bank of Baroda
Scheme: Baroda Scholar
Loan Amount: Up to ₹7.5 lakhs unsecured
Interest Rate: 9.85% p.a. (floating)
Moratorium: Course duration + 1 year
3. Axis Bank
Loan Amount: Up to ₹40 lakhs unsecured for select institutions
Interest Rate: Starts from 11.25% p.a.
Pre-approval option available
Quick processing with minimal documentation
4. ICICI Bank
Loan Amount: Up to ₹40 lakhs unsecured (based on student profile)
Interest Rate: 10.50% - 12.50% p.a.
Custom loan packages for top-ranked universities
100% finance including living and travel
5. IDFC FIRST Bank
Loan Amount: Up to ₹40 lakhs unsecured
Interest Rate: 10% – 11.5% p.a.
Benefits: No margin money, fast sanction process
Available for STEM & management courses
6. HDFC Credila (NBFC)
Loan Amount: Depends on student/co-applicant income
Interest Rate: 11% – 12.5% p.a.
Customized solutions for New Zealand universities
Digital process and doorstep services
✳️ Why Apply with Vizzve Finance?
Vizzve Finance simplifies your study abroad journey by:
Comparing bank and NBFC offers
Helping with documentation and eligibility
Offering expert advice to get fast loan approvals
Tracking applications until final disbursal
📌 Tips to Increase Chances of Unsecured Loan Approval
Maintain a good academic record
Secure admission in reputed institutions
Co-applicant with stable income
Submit complete documentation
🔼 Why This Blog Can Trend on Google:
Updated for 2025 admission cycle
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(FAQ) – FREQUENTLY ASKED QUESTIONS
Q1. Can I get an education loan without collateral for New Zealand?
Yes, many banks and NBFCs offer unsecured education loans based on your academic profile and your co-applicant’s financial strength.
Q2. How much loan can I get without collateral?
Most banks offer up to ₹7.5 lakhs without collateral. Some private banks and NBFCs can offer up to ₹40 lakhs based on eligibility.
Q3. Is New Zealand an eligible country for Indian education loans?
Yes. New Zealand is a recognized country for international education loans provided by Indian banks and financial institutions.
Q4. What expenses are covered under these loans?
Tuition fees, living costs, travel, insurance, books, laptop, and other academic expenses.
Q5. How long does it take for loan disbursement?
It usually takes 7–15 days depending on the lender and your documentation.
Published on:July 23,2025
Published by :Selvi
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