Student Loan Calculator
Interest-free while you live in NZ. See your repayment timeline.
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How it works
NZ student loans are interest-free while you live in NZ. Repayments are mandatory once you earn over $24,126/year — you repay 12c for every dollar above that threshold.
Annual repayment$4,305
Monthly repayment$358.74
Years to repay7
Total paid$30,000
Interest paid$0 (interest-free)
NZ student loans are interest-free while you live in New Zealand — there's no rush to repay, but voluntary payments clear the debt faster.
Year 1
-$4,305$25,695
Year 2
-$4,305$21,390
Year 3
-$4,305$17,085
Year 4
-$4,305$12,780
Year 5
-$4,305$8,476
Year 6
-$4,305$4,171
Year 7
-$4,171$0
How it works
NZ student loans are interest-free while you live in New Zealand. Repayments are 12% of every dollar you earn above the repayment threshold. If you earn below the threshold, no compulsory repayments are required.
Current threshold
The repayment threshold for 2025/26 is $24,126/year. If you move overseas, interest starts accruing and your repayment obligation changes. Voluntary repayments reduce your balance faster with no penalty.
Source data