Education Loan Repayment Calculator

Our Education Loan Repayment Calculator helps you estimate how much you’ll repay each month, how much interest you’ll be charged, and the total cost of your student or education loan over the full repayment term. Whether you're financing university tuition, course fees, living costs, or professional training, this tool gives you a clear picture of what to expect as you plan your repayment strategy.

To begin, enter the loan amount, any upfront payment, the interest rate, and the loan term in years. The calculator will show your estimated monthly repayment, the total repayment amount, and how much of that is interest. This is designed to help students, graduates, and families understand how repayment terms and interest rates affect long-term affordability.

Your repayments depend on several factors, including the total amount borrowed, the interest rate set by your lender, the length of the loan, and any upfront contributions. A longer loan term usually means lower monthly payments, but more interest paid over time. A higher deposit or upfront payment reduces the principal, which can help lower both interest charges and monthly costs. Choosing a shorter term or lower rate can significantly reduce the total cost of borrowing.

This free education loan repayment calculator is ideal for anyone in New Zealand preparing to take out a student loan, private education loan, or supporting a dependent through study. It offers quick, obligation-free calculations to help you compare repayment options, budget confidently, and make informed decisions about your financial future. No personal details are required, and all calculations are immediate.