Education Loan Calculator
Education loan repayments and interest.
NZ$
%
years
Monthly repayment
$444.38
Total interest $6,663 · total of payments $26,663
| Loan amount | $20,000 |
|---|---|
| Total interest | $6,663 |
| Total of payments | $26,663 |
About this calculator
For private education borrowing — not the StudyLink interest-free student loan, which has its own rules.
- StudyLink loans are interest-free while in NZ, repaid via PAYE at 12% over $24,128 (2025/26).
- For private education loans, use this tool.
Frequently asked questions
Is the StudyLink loan covered here?
Use our income tax calculator for the PAYE repayment portion of StudyLink loans.
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Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.