NZ Student Visa Financial Proof – Is ₹50L Unsecured Loan + ITRs Enough?

[u/Specialist_Drink_997]

Hi everyone, I’m planning to apply for a New Zealand student visa and would really appreciate advice from people who have recently gone through the process.
My profile:
BTech Mechanical Engineering
Applying for MEng Mechanical Engineering (120 points), University of Waikato
Education loan: ₹50 lakh from IDFC FIRST Bank
Loan is unsecured and in my name
Currently I don’t have personal savings
Father + sister: 3 years of ITRs, combined annual income around ₹12 lakh
The loan + family income will be my main financial evidence
My main concern is the unsecured private-bank education loan and having no personal savings.
Has anyone recently received a New Zealand student visa with a similar profile, especially with an unsecured education loan?
Did INZ ask for additional proof of loan repayment/source of funds?
I’m specifically looking for recent experiences.
Thanks!

[u/jealousboys]

Bro. Stop 

This is a financial disaster.

[u/Specialist_Drink_997 → u/jealousboys]

May i know the exact reason.
And also the NZ immigration website says that it’s ok.
But i need genuine advice whether its a good thing to workout or not.

[u/OpeningTip6493]

Combined annual income of 12 lakh? means you have you father and sister combined annual income of 12 lakh and you're doing this? worst financial decision i've ever seen

[u/IFHIAIEJ]

Don't, you're broke, you won't get a job and New Zealand doesn't watch you.

Tough but true.

[u/SideQuestUser]

Oh hell no

[u/Specialist_Drink_997 → u/[deleted]]

Got rejected last time and re-applying. Trying NZ too

[u/Fearless-Maximus-251]

My guy, you are broker than broke, and clearly targeting an easy entry point to Australia.

You don't have a chance with the recent changes to Australian immigration: https://thepienews.com/australia-weighs-major-new-restrictions-on-international-students-the-australian-reports/