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Student loan repayment calculator

Work out how quickly you can pay off your student loan.

Login to myIR to check your current loan balance

 

You need to be away from New Zealand for more than 183 days to be considered living overseas (overseas-based borrower).

X.0%
Interest rate

Each year you must pay $X,000

Loan term X years

Interest $X,000

Your loan will be paid off within one year if you meet your minimum repayments and interest

Your loan is over $90,000 and your repayments might not be enough to cover your interest. Your repayments will be credited to your interest first then remaining funds will go towards paying your whole student loan balance.

Pay it faster

Each year if you pay:

Your minimum repayments of $X,000

and

make extra ** repayments of $X,000

Your loan will be paid off in $X,000

Interest $X,000

You need to be in New Zealand for more than 183 days to be considered living in New Zealand (New Zealand-based borrower).

Because your income is below the repayment threshold you aren't required to make repayments, but you can make payments anytime you want.


Each year you must pay $X,000

Loan term X years

Your loan will be paid off within one year if you meet your minimum repayments

Pay it faster

 

Each year if you pay:

Your minimum repayments of $X,000

and

make extra ** repayments of $X,000

Your loan will be paid off in X years

Disclaimer:
This calculator is for general guidance. Figures produced are only estimates based on the information you've provided. If you use assistive technology we recommend you use our detailed calculator.
Find out the things you need to know about using the calculators

If you're ready to pay off your loan in full, contact us to confirm the final amount through myIR secure mail or call us.

 

 

 

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