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Making additional repayments to your education loan

Making additional repayments to your education loan

You may make additional repayments to your loan whenever you want, even though you make underneath the payment limit. You may make these re re payments to us your self or perhaps you can pose a question to your manager to help make additional deductions from your earnings.

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Making repayments that are extra

You may make repayments that are extra us in many different other ways. The simplest and fastest method is to create a payment online with:

  • Internet banking
  • Credit or debit card, or
  • Cash transfers from offshore.

You are able to make payments:

When you produce a repayment to us be sure you inform us:

  • It really is for the education loan, and
  • Your title, address and IRD number.

If you should be in Australia

You are able to arranged PayWay direct debit to make regular repayments from your own Australian bank account. These re re payments is supposed to be in Australian bucks and now we’ll cover the currency transformation price. Contact us free of Australia on 1800 559 653 to create your payWay up direct debit.

Credit and debit card re payments

If you are a borrower that is overseas-based defintely won’t be charged a cost. But, brand brand New Zealand-based borrowers will be charged a 1.42per cent charge.

Making extra repayments through your company

If you’d like to make additional repayments during your manager, tell them simply how much additional you intend to pay. They are going to deliver us the additional quantity along together with your standard deductions every month.

If you choose to stop making additional repayments, or desire to alter the total amount, simply tell them.

It is possible to monitor these repayments throughout your myIR Online Services that is secure account.

Than you need to on your student loan if you repay more

If you have paid back your loan in complete, and paid more you can than you needed to: