New Zealand, a country of beautiful landscape and natural beauty, not only attracts international tourists but also magnates a large number of international students because of its quality and world-class education. Many students are choosing to study in New Zealand from Nepal to get practical knowledge with deep research in their field, along with post-study work opportunities. Studying in Canada also provides part-time work to cover their expenses, which can be the most fascinating for students.
Why Study in New Zealand?
Studying in New Zealand provides the following benefits:
- World-Class Education: New Zealand offers quality and world-class education with its top-ranked universities and institutions globally.
- Safe and Peaceful Environment: New Zealand is known as one of the safest nations worldwide, making international students safe and secure in a friendly environment.
- Post-Study Work Opportunities: After completing the study, students can gain valuable work experience with the opportunities of post-study work.
- Cultural Diversity: It is simple to adjust to new circumstances in New Zealand because it welcomes students from all over the world, including an active Nepali student community.
Financial Challenges of Study in New Zealand
New Zealand can offer the best education in the world, which has a high value in the global market. However, studying there can be pretty expensive. The average costs can range from NZD 20,000 to 35,000 per year depending upon program and institution. When lodging, food, and other living expenditures are included, the financial load can appear to be too much to bear.
How Global IME Bank Can Help You Tackling this Challenge
Global IME Bank provides the best education loan for students who dream of studying in New Zealand with:
- Competitive Interest Rate: Get the best competitive interest rates to lower the financing burden for your study abroad journey.
- Flexible Repayment Options: Choose flexible repayment options that fit your or your’s family income.
- Quality Customer Service: Trained staff are always available to support you on your study abroad journey regarding finances and funding.
- Quick Approval: Take benefit of the fast approval process which ensures timely access to funding.
- Minimal Documentation: Less documentation makes it easy and straightforward.
Eligibility Criteria for Education Loan
- Age: Nepali citizens aged 18 to 70 at the loan’s maturity.
- Joint Borrowers: Parents are the primary borrowers, with the student as a joint borrower.
- Educational Pursuit: Financing for students pursuing education abroad or within Nepal for studies above +2 level.
- Income Requirements: EMI/EQI should not exceed 50% of gross income or 80% of uncommitted income.
Documents Required for Education Loan
- Loan Application Form: Fill complete loan application form.
- Income Proof: Salary certificate, contract agreement, rent contract, audited financial statements, or self-declared income.
- Personal Identification: Citizenship certificates, passport and visa copies along with passport-size photos.
- Academic Records: Academic records and admission letters.
- Income Proof: Salary certificate, contract agreement, rent contract, audited financial statements, or self-declared income.
- Property and Financial Documents: Ownership certificates, blueprints, salary certificates, and coheir letters to secure the loan.
Turning Your Dream of Studying in New Zealand into Reality
Choosing to study in New Zealand can be the best and life-changing decision. But, finance can be a major barrier to studying there. To reduce this barrier and turn your dream of studying in New Zealand into reality, Global IME Bank provides education loans at competitive interest rates and flexible tenure periods to fund your dream.
