Student Loan Calculator
See when you'll pay off your student loan
Student Loan Repayment
Loan paid off
Time:
Total repaid:
Total interest:
Your repayments
Annual repayment (year 1)
Fortnightly deduction
Repayments are 12% of income above the $24,128 threshold. NZ residents pay 0% interest.
Balance over time
Year-by-year breakdown
| Year | Salary | Repayment | Balance |
|---|
Repayment threshold and rates based on current IRD rules. Actual repayments may vary based on other income sources and deductions.
NZ-resident borrowers pay 0% interest. Overseas-based borrowers are charged 3.2% interest.
Student Loan Repayment Calculator
See when you'll pay off your NZ student loan. Repayments are automatically deducted from your pay at 12% of income above the repayment threshold ($24,128/year).
0% interest while living in New Zealand
12% repayment rate on income above $24,128
Year-by-year timeline showing your balance declining
Overseas borrowers pay 3.2% interest — toggle to see impact