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Former voluntary repayment bonus

Find out what the voluntary repayment bonus was.

The voluntary repayment bonus was a 10% bonus borrowers could receive in the tax years from 1 April 2009 up to and including 31 March 2013 if they made voluntary repayments that totalled $500 or more in a tax year.

To qualify a borrower had to:

  • be up-to-date with their repayments and obligations
  • have a total loan balance with us of $550 or more at the beginning of the tax year, and
  • make total voluntary repayments for the tax year of $500 or more.