{"id":1519,"date":"2026-01-07T06:08:41","date_gmt":"2026-01-07T06:08:41","guid":{"rendered":"https:\/\/www.eduloans.org\/blogs\/?p=1519"},"modified":"2026-01-07T06:08:42","modified_gmt":"2026-01-07T06:08:42","slug":"the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies","status":"publish","type":"post","link":"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/","title":{"rendered":"The Role of Co-applicants in Securing Education Loans for New Zealand Studies"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1520 size-full\" src=\"http:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2026\/01\/The-Role-of-Co-applicants-in-Securing-Education-Loans-for-New-Zealand-Studies.jpg\" alt=\"The Role of Co-applicants in Securing Education Loans for New Zealand Studies\" width=\"1200\" height=\"650\" srcset=\"https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2026\/01\/The-Role-of-Co-applicants-in-Securing-Education-Loans-for-New-Zealand-Studies.jpg 1200w, https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2026\/01\/The-Role-of-Co-applicants-in-Securing-Education-Loans-for-New-Zealand-Studies-300x163.jpg 300w, https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2026\/01\/The-Role-of-Co-applicants-in-Securing-Education-Loans-for-New-Zealand-Studies-1024x555.jpg 1024w, https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2026\/01\/The-Role-of-Co-applicants-in-Securing-Education-Loans-for-New-Zealand-Studies-768x416.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>Getting an admission letter from a New Zealand university is a significant milestone, but for many Indian students, the real challenge begins with the financial documentation. Since tuition costs up to \u20b923.5 Lakhs and there are only two intake periods (February and July), it\u2019s important to get your application right the first time.<\/p>\n<p>An underperforming co, applicant profile is among the frequently cited reasons for postponed loans that are not anticipated, hence resulting in visa slots being lost and consequently losing a whole academic year. This article assists you in figuring out the suitable co, applicant, getting the bank perspective (like SBI and HDFC Credila) on co, applicants, and making sure that your <strong><b>Education Loan for New Zealand<\/b><\/strong>\u00a0is expedited for the next intake.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-69dedc57bda58\" ><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-69dedc57bda58\"  type=\"checkbox\" id=\"item-69dedc57bda58\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#1_Why_Co-applicants_Matter\" title=\"1. Why Co-applicants Matter \">1. Why Co-applicants Matter <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#2_What_Banks_Assess_in_Co-applicants\" title=\"2. What Banks Assess in Co-applicants\">2. What Banks Assess in Co-applicants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#3_SBI_vs_HDFC_Credila_What_to_Expect\" title=\"3. SBI vs. HDFC Credila: What to Expect\">3. SBI vs. HDFC Credila: What to Expect<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#4_Common_Co-applicant_Mistakes\" title=\"4. Common Co-applicant Mistakes\">4. Common Co-applicant Mistakes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#5_How_to_Choose_the_Right_Co-applicant\" title=\"5. How to Choose the Right Co-applicant\">5. How to Choose the Right Co-applicant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Why_Co-applicants_Matter\"><\/span><strong><b>1. Why Co-applicants Matter <\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Immigration New Zealand (INZ) has strict rules about &#8220;Proof of Funds.&#8221; You need to be able to pay for both education and living expenses of at least \u20b910.4 Lakhs a year.<\/p>\n<ul>\n<li><b><\/b><strong><b>Risk Mitigation: <\/b><\/strong>The co, applicant ensures that the student is able to meet their expenses as students generally do not have a source of income.<\/li>\n<li><b><\/b><strong><b>Speed of Approval:<\/b><\/strong>A co, applicant with a strong profile reduces the risk perception of the bank, hence, the approval letter is obtained within a shorter time period. This is necessary to be able to get a visa. The academic record of your co, applicant is equally important as yours for a quality <a href=\"https:\/\/www.eduloans.org\/\"><strong><u><b>Study Abroad Education Loan<\/b><\/u><\/strong><\/a>.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_What_Banks_Assess_in_Co-applicants\"><\/span><strong><b>2. What Banks Assess in Co-applicants<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Lenders look beyond just a &#8220;relationship&#8221; with the student. They focus on three &#8220;Cs&#8221;:<\/p>\n<ul>\n<li><b><\/b><strong><b>CIBIL Score:<\/b><\/strong>A score of <strong><b>700+<\/b><\/strong>\u00a0is generally required. Anything lower can trigger manual reviews and delays.<\/li>\n<li><b><\/b><strong><b>Capacity (Income):<\/b><\/strong>They check for stable, verifiable income through ITRs (usually the last 3 years) and salary slips.<\/li>\n<li><b><\/b><strong><b>Continuity:<\/b><\/strong>Banks are more likely to approve co-applicants who have been at the same job or business for at least three years.<\/li>\n<\/ul>\n<p><strong><b>\u00a0<\/b><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_SBI_vs_HDFC_Credila_What_to_Expect\"><\/span><strong><b>3. SBI vs. HDFC Credila: What to Expect<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Choosing the right lender depends heavily on your co-applicant\u2019s profile and your available assets.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"175\">\n<p><strong><b>Feature<\/b><\/strong><\/p>\n<\/td>\n<td width=\"348\">\n<p><b><a href=\"https:\/\/www.eduloans.org\/sbi-overseas-education-loans\">SBI Secured Education Loan<\/a><\/b><\/p>\n<\/td>\n<td width=\"378\">\n<p><b><a href=\"https:\/\/www.eduloans.org\/hdfc-foreign-education-loan\">HDFC Credila Education Loan<\/a><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"175\">\n<p><strong><b>Co-applicant Role<\/b><\/strong><\/p>\n<\/td>\n<td width=\"348\">\n<p>Primary focus is on the <strong><b>Collateral<\/b><\/strong>\u00a0provided.<\/p>\n<\/td>\n<td width=\"378\">\n<p>Primary focus is on <strong><b>Co-applicant Income<\/b><\/strong>.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"175\">\n<p><strong><b>Acceptable Relations<\/b><\/strong><\/p>\n<\/td>\n<td width=\"348\">\n<p>Parents\/Spouse\/Guardians.<\/p>\n<\/td>\n<td width=\"378\">\n<p>Parents\/Siblings\/Spouse\/Uncles &amp; Aunts.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"175\">\n<p><strong><b>Margin Money<\/b><\/strong><\/p>\n<\/td>\n<td width=\"348\">\n<p>Requires <strong><b>15% margin<\/b><\/strong>\u00a0for most cases.<\/p>\n<\/td>\n<td width=\"378\">\n<p>Offers <strong><b>0% margin<\/b><\/strong>\u00a0(100% funding).<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"175\">\n<p><strong><b>Processing Time<\/b><\/strong><\/p>\n<\/td>\n<td width=\"348\">\n<p>2\u20133 weeks (due to property valuation).<\/p>\n<\/td>\n<td width=\"378\">\n<p>7\u201310 days (Fast-track\/Digital-first).<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong><b>\u00a0<\/b><\/strong><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"4_Common_Co-applicant_Mistakes\"><\/span><strong><b>4. Common Co-applicant Mistakes<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Avoid these pitfalls to prevent your application from getting stalled:<\/p>\n<ul>\n<li><b><\/b><strong><b>Inconsistent ITRs: <\/b><\/strong>Discrepancies between the income declared and the income reflected in tax filings.<\/li>\n<li><b><\/b><strong><b>Existing Debt: <\/b><\/strong>If the co-applicant already has high EMIs (home or car loans), their repayment capacity for your loan decreases.<\/li>\n<li><b><\/b><strong><b>Poor documents <\/b><\/strong>such as missing &#8220;Form 16&#8221; or bank records that don&#8217;t match the salary slips.<\/li>\n<li><b><\/b><strong><b>Multiple Applications <\/b><\/strong>If you apply to 4 or 5 banks at the same time, the co-applicant&#8217;s credit score may go down because of &#8220;hard inquiries.&#8221;<\/li>\n<\/ul>\n<h3><strong><b>\u00a0<\/b><\/strong><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"5_How_to_Choose_the_Right_Co-applicant\"><\/span><strong><b>5. How to Choose the Right Co-applicant<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The &#8220;strongest&#8221; relative isn&#8217;t always the one with the most money, but the one with the most <strong><b>verifiable<\/b><\/strong>\u00a0money.<\/p>\n<ol>\n<li><b><\/b><strong><b>Prioritize Steady Pay: <\/b><\/strong>A co-applicant with a steady government or company job is often accepted faster than someone whose business income isn&#8217;t steady.<\/li>\n<li><b><\/b><strong><b>Look at Your Credit History Early: <\/b><\/strong>Before you apply, ask your possible co-applicant for their CIBIL report so you aren&#8217;t surprised.<\/li>\n<li><b><\/b><strong><b>Ready to Pledge Assets: <\/b><\/strong>Choose someone to co-sign your <a href=\"https:\/\/www.eduloans.org\/education-loans-newZealand\"><strong><u><b>Education Loan for New Zealand<\/b><\/u><\/strong><\/a>who is willing to put up something of value, like a house, if you need to borrow more than NZD 40,000 for your master&#8217;s degree. This will get you a better interest rate on an <a href=\"https:\/\/www.eduloans.org\/blogs\/sbi-overseas-education-loan-2025-features-eligibility-application-process\/\"><strong><u><b>SBI protected education loan<\/b><\/u><\/strong><\/a>.<\/li>\n<\/ol>\n<p>\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1767765638431\"><strong class=\"schema-faq-question\"><strong>1. Do you need to have someone apply with you for a New Zealand student loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes. Since students typically have no income while studying, lenders require a co-applicant (parent, spouse, or legal guardian) to serve as a financial guarantor and ensure loan repayment.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1767765659512\"><strong class=\"schema-faq-question\"><strong>2. Who is better to co-sign: a parent or a spouse?<\/strong><\/strong> <p class=\"schema-faq-answer\">If you go with a traditional bank like SBI, they will probably want the applicant&#8217;s parent on the account because of their own history with assets. On the other hand, if you go with an NBFC, they can approve a working spouse with a stable pay and good credit, which is a great option.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1767765688809\"><strong class=\"schema-faq-question\"><strong>3. Does the co-applicant&#8217;s low CIBIL score change the decision to approve?<\/strong><\/strong> <p class=\"schema-faq-answer\">Of course. A low CIBIL score (below 685\u2013700) is a big warning sign that can result in higher interest rates, lower loan amounts, or even a rejection, even if the person&#8217;s income is high.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1767765708311\"><strong class=\"schema-faq-question\"><strong>4. Can the income of a co-applicant make up for not having anything of value to offer?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, as long as the student goes to a <a href=\"https:\/\/www.imperial-overseas.com\/blog\/top-universities-in-new-zealand-for-computer-science-and-it-programs-for-indian-students\/\"><u><strong>top university in New Zealand<\/strong><\/u><\/a>, you can get<strong> <a href=\"https:\/\/www.eduloans.org\/blogs\/difference-between-secured-and-unsecured-education-loan\/\"><u>unsecured loans<\/u><\/a><\/strong>\u00a0(up to \u20b940\u201375 Lakhs) if your co-applicant has a good income.<\/p> <\/div> <\/div>\n\n\n","protected":false},"excerpt":{"rendered":"<p>Getting an admission letter from a New Zealand university is a significant milestone, but for many Indian students, the real&hellip; <\/p>\n","protected":false},"author":8,"featured_media":1520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98,11,108,8,2,101],"tags":[25,130,33,41,144,22,45],"class_list":["post-1519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hdfc-credila-education-loan","category-overseas-education","category-sbi-education-loan","category-secure-loan","category-student-loan","category-study-loan-for-new-zeland","tag-education-loan","tag-education-loan-for-new-zealand","tag-education-loan-for-study-abroad","tag-education-loan-in-india-for-study-abroad","tag-hdfc-credila-education-loan","tag-overseas-education-loan","tag-sbi-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Role of Co-applicants in Securing Education Loans for New Zealand Studies - Education Loans Blog - Empowering Dreams<\/title>\n<meta name=\"description\" content=\"Explore how co-applicants can strengthen your education loan application for studying in New Zealand. Learn their role, benefits, and tips to secure funding smoothly!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Role of Co-applicants in Securing Education Loans for New Zealand Studies\" \/>\n<meta property=\"og:description\" content=\"Explore how co-applicants can strengthen your education loan application for studying in New Zealand. Learn their role, benefits, and tips to secure funding smoothly!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/\" \/>\n<meta property=\"og:site_name\" content=\"Education Loans Blog - Empowering Dreams\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Eduloanslive\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-07T06:08:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-07T06:08:42+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2026\/01\/The-Role-of-Co-applicants-in-Securing-Education-Loans-for-New-Zealand-Studies.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"650\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Karan Dohale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Live59003833\" \/>\n<meta name=\"twitter:site\" content=\"@Live59003833\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Karan Dohale\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/\"},\"author\":{\"name\":\"Karan Dohale\",\"@id\":\"https:\/\/www.eduloans.org\/blogs\/#\/schema\/person\/5d2c3726f17ef1edfcea6f5bfa611173\"},\"headline\":\"The Role of Co-applicants in Securing Education Loans for New Zealand Studies\",\"datePublished\":\"2026-01-07T06:08:41+00:00\",\"dateModified\":\"2026-01-07T06:08:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/\"},\"wordCount\":805,\"publisher\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2026\/01\/The-Role-of-Co-applicants-in-Securing-Education-Loans-for-New-Zealand-Studies.jpg\",\"keywords\":[\"education loan\",\"education loan for new zealand\",\"education loan for study abroad\",\"education loan in India for study abroad\",\"hdfc credila education loan\",\"overseas education loan\",\"SBI Education Loan\"],\"articleSection\":[\"HDFC Credila Education Loan\",\"Overseas Education\",\"SBI Education Loan\",\"Secure Loan\",\"Student Loan\",\"Study Loan for New Zeland\"],\"inLanguage\":\"en-US\"},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/\",\"url\":\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/\",\"name\":\"The Role of Co-applicants in Securing Education Loans for New Zealand Studies - Education Loans Blog - Empowering Dreams\",\"isPartOf\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2026\/01\/The-Role-of-Co-applicants-in-Securing-Education-Loans-for-New-Zealand-Studies.jpg\",\"datePublished\":\"2026-01-07T06:08:41+00:00\",\"dateModified\":\"2026-01-07T06:08:42+00:00\",\"description\":\"Explore how co-applicants can strengthen your education loan application for studying in New Zealand. 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On the other hand, if you go with an NBFC, they can approve a working spouse with a stable pay and good credit, which is a great option.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#faq-question-1767765688809","position":3,"url":"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#faq-question-1767765688809","name":"3. Does the co-applicant's low CIBIL score change the decision to approve?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Of course. A low CIBIL score (below 685\u2013700) is a big warning sign that can result in higher interest rates, lower loan amounts, or even a rejection, even if the person's income is high.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#faq-question-1767765708311","position":4,"url":"https:\/\/www.eduloans.org\/blogs\/the-role-of-co-applicants-in-securing-education-loans-for-new-zealand-studies\/#faq-question-1767765708311","name":"4. Can the income of a co-applicant make up for not having anything of value to offer?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, as long as the student goes to a <a href=\"https:\/\/www.imperial-overseas.com\/blog\/top-universities-in-new-zealand-for-computer-science-and-it-programs-for-indian-students\/\"><strong>top university in New Zealand<\/strong><\/a>, you can get<strong> <a href=\"https:\/\/www.eduloans.org\/blogs\/difference-between-secured-and-unsecured-education-loan\/\">unsecured loans<\/a><\/strong>\u00a0(up to \u20b940\u201375 Lakhs) if your co-applicant has a good income.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/posts\/1519"}],"collection":[{"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/comments?post=1519"}],"version-history":[{"count":1,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/posts\/1519\/revisions"}],"predecessor-version":[{"id":1521,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/posts\/1519\/revisions\/1521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/media\/1520"}],"wp:attachment":[{"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/media?parent=1519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/categories?post=1519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/tags?post=1519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}