NZ student loan calculator
Calculate New Zealand 12% student loan repayments on earnings above the $24,128 threshold with interest-free resident rules.
In your browser
$24,128 / yr
$464.00/wk • $928.00/fortnight12.0%
On every dollar earned above threshold0.0% Interest-Free
While remaining a resident in New ZealandNext in your workflow
Popular uses
About this tool
Calculate your New Zealand student loan repayment obligations. Determine your mandatory 12% IRD deductions on earnings above the $24,128 annual threshold, repayment timeline, and debt-free date with 0% interest for NZ residents.
How to use it
- 1 Enter your current student loan balance.
- 2 Enter your gross annual income and any voluntary extra repayments.
- 3 Review your mandatory weekly, fortnightly, and annual deductions.
- 4 See your estimated time to fully pay off your student loan.
Questions
Do New Zealand student loans charge interest?
NZ student loans are interest-free for borrowers who live in New Zealand. Interest only applies if you reside overseas for more than 6 months.
What is the student loan repayment threshold in NZ?
The repayment threshold is $24,128 per year ($464 per week). You repay 12 cents for every dollar earned above this amount.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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