Find out the different ways to make payments to your loan.

There are a number of ways you can make your student loan repayments:

• credit or debit card
• money transfer using OrbitRemit
• internet banking
• automatic payments
• in person at Westpac
• by sending us a cheque
• telegraphic transfer
• foreign bank draft or personal cheque
• foreign postal or money order

If you're repaying overdue amounts

Make sure you specify the tax year the repayment is for. Otherwise, we'll apply the repayment to the current tax year.

Credit or debit card repayment

We accept both MasterCard and Visa. To make a repayment go to "Credit and debit card payments for Inland Revenue accounts" under "Get it done online".

New Zealand student loan borrowers are now required to pay a 1.42% convenience fee on payments made by credit or debit cards. Overseas-based borrowers who pay from overseas remain exempt from the convenience fee as they don't have the same number of payment options as New Zealand-based borrowers.

Money transfer using OrbitRemit

If you're in Australia or the UK, you can use OrbitRemit, a free online money transfer service, to pay your student loan - it's fast, easy and secure. Click "Make a payment" on the right hand side under "Secure online services" to be directed to the OrbitRemit site.

Internet banking

Make an internet payment now

Use the following information to set up your electronic payments:

• in the payee name and bank panels, enter "Inland Revenue" and our account number 03 0049 0001100 27. These details stay the same every time.
  ASB customers only: you'll need to enter three digits in the account suffix number, use 027
• in the particulars panel, enter your IRD number.
• in the payee code panel, enter SLS. Leave the next box blank, then enter the tax year this repayment is for, not the date you're making the repayment. This must follow the format DD/MM/YYYY.
• leave the reference panel blank.

Automatic payment

Some banks offer this service online. If not, you'll need to complete an Automatic payment authority (IR586) form and give it to your bank. Enter the following:

• in the Tax type box enter "SLS", and
• in the Tax year box enter the tax year you want the repayment applied to.

In person at Westpac

You can make a repayment by cash, cheque or EFTPOS at branches of Westpac bank using a repayment slip (attached to the bottom of your statement or available through Westpac branches). If you use a tax slip from Westpac, enter the following:

• in the Tax type box enter "SLS", and
• in the Period ended box enter the tax year you want the payment applied to.

Sending us a cheque in New Zealand

You need to include a note advising the repayment is for your student loan and the tax year the repayment applies to. You also need to include your name, address and IRD number. Post the cheque to:

Inland Revenue
PO Box 39050

Wellington Mail Centre

Lower Hutt 5045

Please do not send us cash. Cash payments can only be made at Westpac.

Telegraphic transfer

Telegraphic transfers allow you to send money to us from an overseas bank. However, there's often a fee involved from the sending and receiving banks, and it does take a couple of days to process your repayment.

Each bank has their own unique telegraphic transfer form that you'll need to complete to make a repayment. You can use the Telegraphic transfer form (see "Forms and guides") to help you fill it in.

Make sure you include your IRD number, tax type (SLS) and tax year it is for in the payment section.

Foreign bank draft or personal cheque

Our bank will accept a cheque or bank draft in the currencies listed in Westpac New Zealand's exchange rates. We'll credit the payment to your student loan account in New Zealand dollars, using Westpac's exchange rate on the day we bank the cheque.

For foreign bank drafts, the bank the draft is drawn on must be located in the currency of the draft.

For personal foreign cheques, the repayment amount must be in the same currency as the account. We can't process the payment if the cheque is written out for "New Zealand dollars" but drawn on an overseas account is in a different currency.

Read Westpac New Zealand's exchange rates

Foreign postal or money orders

We can accept foreign postal orders or money orders as long as there aren't restrictions about where they can be redeemed in New Zealand.

Sending us a foreign bank draft, personal foreign cheque, foreign postal or money order

You'll need to include a note advising the payment is for your student loan and the tax year the payment applies to. You'll also need to include your name, address and IRD number.

Send your payment to:

Inland Revenue
PO Box 39050

Wellington Mail Centre

Wellington 5045

New Zealand

Please don't send us cash. Cash payments can only be made at Westpac branches within New Zealand.