About this calculator

This calculator is for all student loan borrowers - whether New Zealand or overseas-based. It will help you plan your student loan repayments by showing you how much time you can save by paying a little bit extra.

Use of this tool does not result in data being submitted to us.

When to use this calculator

Use this calculator if you're a student loan borrower and you want to see:

• an estimate of how much you should pay if you decide to pay your loan in full today
• a long term overview of your loan and how long it might take to fully repay
• the difference voluntary repayments would make to the term of your student loan
• how much you could reduce your loan by the end of this tax year
• the bonus you'll receive from making voluntary repayments.

We recommend that you revisit this calculator if your circumstances change (such as your salary or living circumstances).

This calculator will take about five minutes to complete.

What you will need

There are a number of assumptions that this calculator makes and we recommend that you read these before using this calculator.

You will need details of your:

• current loan balance
• income from salary or wages for the current tax year
• total income from all sources (including interest and investment income) for the current tax year.

After you finish

If you decide to make voluntary repayments, go to Voluntary repayments.

You may wish to print and keep a copy of this results page for your records.

No information you provide while using the calculator is recorded, saved or in any way referenced by Inland Revenue. The calculator is stored on a secure part of our website to prevent unauthorised interception. If you are unable to access the calculator, you may need to update your browser and/or firewall settings.