Do I need proof of funds to study in New Zealand?

Hello! Proving the source of funds is the key when choosing to study in New Zealand

When processing a visa application, you must not only carefully examine the applicant's financial ability, true student status, and health and moral character, but also, if necessary, The special nature of the application will also be considered. Effective proof of financial ability is the key to obtaining a visa. Judging from past cases, this is the main reason for visa rejection.

First, applicants must be able to provide proof of funds to guarantee their tuition fees and minimum living expenses. According to the regulations of the New Zealand authorities, the minimum living allowance for applicants who study in New Zealand for more than 36 weeks is SGD 10,000 per person, and the minimum living allowance for applicants who study in New Zealand for more than 36 weeks is SGD 7,000 per person.

Second, review the applicant’s source of funds. Under normal circumstances, it is required to provide a true bank deposit certificate. The bank deposit history should not be less than 6 months from the date of submitting the visa application; a true bank interest list can also be provided. If the applicant's fund provider is a private enterprise or legal person, the applicant must provide a business license, tax registration certificate, corporate income tax rate certificate, financial operation certificate, and official valid certificate of the company's location; if the applicant's fund provider is a shareholder, Shareholder certificates, bank statements for the past 12 months and delivery notes for the past 12 months from the date of submission of application are required; if the applicant’s fund provider is an employee, an official work certificate stamped with the official seal of the company is required. (and must be signed by the main person in charge of the human resources and finance departments), recent salary slips, salary account passbook, personal income tax rate certificate, and a copy of the business license of the unit; if the applicant's funds need to be guaranteed, the "Student Fund Guarantee Form" must be filled out 》And the bank in the country where the guarantor is located will truthfully reflect its financial status. Those who cannot explain the source of large sums of money or are excused by saying that a friend has just repaid a loan are most likely to be refused a visa. Ms. Liang has repeatedly emphasized that all materials provided by the applicant to prove funds must be true and reliable.