New Zealand Study Visa Funds Requirements

0:37-Funds Required for New Zealand study visa 1:30-Acceptable Sources of Funds 2:13-Family Members Who Can Sponsor 2:57-Acceptable Sponsor except Family 3:32-Duration for which Proof of Funds Required 4:53-Example of Payment Plan 6:00-Queries - Visa Refusal due to Funds 6:11-Refused even though Funds Available 7:10-Proof of Education Loan but still Refused 8:05-Refusal even after 2-year-old Funds #studyinnewzealand #newzealandstudyvisa #newzealandstudentvisa New Zealand Study Visa Funds Requirements This video is about the New Zealand study visa fund requirements for Indian students. Students can find information on: New Zealand student visa funds requirements, New Zealand study visa requirements, New Zealand study visa, New Zealand study visa funds meaning, Visa student New Zealand, Proof of funds student visa NZ, New Zealand study visa funds, Funds required for New Zealand study visa, New Zealand funds for student visa, How much funds needed for New Zealand student visa, New Zealand Student Visa, Study in New Zealand How much funds needed for New Zealand student visa? As per New Zealand Immigration, if you are a full fee-paying student, you need to meet the New Zealand student visa funds requirements. You must have funds for tuition fees, cost of living in New Zealand and travel expenses for the entire duration of your study in New Zealand. Currently, the cost of living is NZD 20,000 and travel expense is NZD 2000, which along with the tuition fee amount should be attached to your New Zealand study visa application. What are the acceptable sources of funds? For Indian applicants, the acceptable sources of funds include savings or fixed deposits in your account. An education loan is also accepted. Other than this, GPF and EPF are also acceptable. Who else can support the candidate financially? The sponsor must be acceptable as per New Zealand Immigration. Family members like parents, grandparents (both maternal and paternal) or real siblings can sponsor the candidate. If the candidate is married, in addition to this, the candidate’s spouse or their in-laws are also considered acceptable sponsors. Can anybody else except family members sponsor them? In the Indian context, extended family members like uncles and aunts are also considered close. However, as per New Zealand Immigration, they are not acceptable sponsors for New Zealand student visa. The course duration of study in New Zealand is more than one year. Will the students need proof of funds for more than a year? It is entirely possible that students do not have liquid funds for the entire duration of their stay in New Zealand. However, as per policy, funds required for the New Zealand study visa need to be for the entire duration. It also states that the funds for the first year need to be readily available. If the course duration is more than a year, the applicant may apply for a payment plan. This payment plan will show how the student will fund their stay in New Zealand after the first year. Example of payment plan for New Zealand study visa. For instance, the student’s parents sponsor his study in New Zealand which is two years long. The student attaches the funds readily available to him for the first year. Then he applies for a payment plan for the next year. If his parents are working professionals, he can attach their salary slips that show a steady income to fund his education. If his parents run a business, he can show the business documents and annual turnover, which will show that they have sufficient income. For more personalized guidance, students can contact West Highlander Immigration. • New Zealand student visa funds requirements • New Zealand study visa requirements • New Zealand study visa • New Zealand study visa funds meaning • Visa student New Zealand • Proof of funds student visa nz • New Zealand study visa funds • Funds required for New Zealand study visa • New Zealand funds for student visa • How much funds needed for New Zealand student visa • How much funds required for New Zealand student visa in Indian rupees • New Zealand Student Visa • Study in New Zealand Contact West Highlander Immigration Chandigarh for a profile assessment by a Licensed Immigration Advisor 📞9915999677