Students who want a sanction letter before the admit
Students who want a sanction letter before the admit
Private bank · 🇳🇿 New Zealand
ICICI Bank Education Loan for New Zealand
How ICICI Bank's education loan works for Indian students heading to New Zealand — limits, collateral, rates and what a typical New Zealand loan costs to repay.
- Up to ₹3 crore for studies abroad
- From 9.00% a year
- Example: ₹44 lakh for New Zealand
- We compare 2–3 lenders
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Quick answer
Is ICICI Bank a good choice for an education loan for New Zealand?
Pre-admission sanction letters and fast processing. ICICI Bank lends for New Zealand: up to ₹3 crore for studies abroad, as published by ICICI Bank. A typical New Zealand master's on our data (VUW (Wellington), ₹48 lakh – ₹62 lakh) needs about ₹44 lakh; at 10.5% over 10 years the EMI is about ₹59,371 a month.
Ask on WhatsAppUpdated · Reviewed by the Visa Edu Loans admissions & finance desk
Official sources: ICICI Bank education loans
ICICI Bank for New Zealand
- Loan amount
- Up to ₹3 crore for studies abroad, as published by ICICI Bank
- Without collateral
- Unsecured amounts for selected universities and courses
- Collateral
- Property, deposits and other security acceptable to the bank
- Co-applicant
- Parent or guardian as co-borrower
- Interest rate
- From 9.00% a year (secured) and 10.25% (unsecured) for studies abroad, as published by ICICI Bank; your rate depends on your profile
- Repayment
- EMIs over up to 10–15 years depending on the loan
- Processing
- Often 1–3 weeks; pre-admission sanction letters are offered
Official terms
What ICICI Bank publishes
Quoted from ICICI Bank's own website, checked on 9 November 2026. Lenders revise these often; your sanction letter is final.
Official source: ICICI Bank education loans — rules change; always confirm current requirements.
Repayment
EMI on a ₹44 lakh loan for New Zealand
Fit
When ICICI Bank suits a New Zealand plan
Existing ICICI customers
Existing ICICI customers
Watch out
Unsecured eligibility depends heavily on the university list
- Get the sanction letter before applying for the New Zealand student visa
- Make sure the sanction covers the funds the visa requires
- Tuition is paid to the university; living costs to your account
- Keep the disbursement schedule aligned with your intake
FAQs
Frequently asked questions
Still have a question?
Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).
Up to ₹3 crore for studies abroad, as published by ICICI Bank
Unsecured amounts for selected universities and courses
From 9.00% a year (secured) and 10.25% (unsecured) for studies abroad, as published by ICICI Bank; your rate depends on your profile. As per the bank's pricing policy.
Explore
Keep exploring
Lenders
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- IDFC FIRST education loan for New Zealand
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Share your profile — we reply with a checklist and next steps. Expert consultations over call start at ₹355.
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