Loans ยท the real cost of borrowing

What's that loan really costing you?

Whether it's the student loan hanging over you or your first set of wheels, see the payments, the timeline, and what it truly adds up to.

Loan balance
$
Your income (before tax)$62,000
$0$150k
Extra voluntary repayment
Throw a little more at it each week to finish sooner.
On top, per week$0
๐ŸŽ“
Living in NZ keeps your loan interest-free. Head overseas for 6+ months and interest kicks in โ€” so it pays to chip away before you go.
Loan gone in
4 yrs 10mo
Paying about $4,545 a year.
Compulsory repayment$87/wk
+ Your extra$0/wk
Interest you'll pay$0 โ€” interest-free in NZ
Repayment threshold is $24,128/yr. You repay 12c per dollar earned above it.

Illustrative estimate in NZD using the 2024/25 repayment threshold (~$24,128/yr) and the standard 12% repayment rate, assuming you're NZ-based (interest-free) with steady income. Real timelines change with income, the annual threshold, and time spent overseas (where interest applies). General info โ€” not personalised financial advice.