Here is a 4-step process to gather funds to study in New Zealand

1. Here is a 4-step process to gather funds to study in New Zealand New Zealand is known for its world-class education system as much as it is known for the effectiveness of its governance system. Studying in New Zealand is rewarding in many ways. A student learns the skills of his or her specialization and also gets an opportunity to work in New Zealand post studies. ` many students, though they have the calibre, do not have money to fund their higher education in New Zealand. Financial lenders offer education loans to such students. In this article, we will tell you the 4-step process to gather funds to study in New Zealand. 1. Calculate your education loan amount eligibility The first step to fund your wish to study in New Zealand is to calculate the education loan amount you are eligible for. Just visit the website of any education loan lender. They provide an education loan eligibility calculator on their websites. Put your co- borrower’s monthly income, their monthly obligations, the interest rate the lender has offered, and the repayment tenure of the education loan in the said calculator. Then press the calculate button. You will get a speculative education loan amount you are eligible for. 2. Compare the lenders based on the kind and quality of their services Read reviews about financial lenders on the internet. See what praises or complaints the borrowers have for their lenders. Based on those reviews shortlist a few lenders for yourself. Visit the offices of those lenders and ask them about the maximum loan amount they will provide, the interest rate they would levy, the expenses they will cover, the moratorium period they will offer, etc. on their loans. Also, ask them about the length of the repayment tenure provided and the EMI value set to repay the loan.

2. Do also check value-added services like doorstep service, fast-track approval, proof of funds, pre-visa loans, pre-admission loans and so on. Ask them whether they provide those services. Based on all these factors decide on the right lender for yourself. 3. Apply for an education loan The next step is to apply for an education loan to study in New Zealand. Fill the lender’s education loan application form. Submit the documents that the lender asks you to provide them with. If you have opted for a secured loan, then you will have to submit the asset documents to the lender as well. The lender will process your application then. They will verify the details and the documents you gave them. Once that is done, the lender will sanction your loan and the loan amount will be disbursed. 4. Submit the living expenses of living in New Zealand for 1 year apart from the course tuition fee The last step is to open a bank account in a New Zealand based bank and deposit 1 years’ worth of living expenses in New Zealand in that account. Also pay the 1-year course tuition fee of your course to the university before the process of acquiring a visa. Doing this will secure your admission in a New Zealand university. So, this is the 4-step process to gather funds in order to study in New Zealand. We hope that after reading this article, you know your way to get funds for your higher education. All the best!