You’ll repay your education loan in full whenever you want. Discover what you must do and what are the results once you have made your final repayment.
Before you repay your education loan in complete you will have to:
- Make sure your bank and contact account details are as much as date, and
- get loan that is current stability.
You should check balance and improve your details in your myIR Online Services that is secure account. The total amount shown in your myIR account may possibly not be the last stability.
In the event that you earn income from wage or wages
Your manager has until the twentieth of this after thirty days to deliver these to us, so that the balance shown may perhaps not consist of your newest repayments. We have to process the re payments before allocating them to your education loan. Once you learn simply how much is deducted from your own earnings you can make use of this to operate the amount out you will need to pay.
If you should be offshore
Interest shall be put into your loan when you have been offshore for 184 times or maybe more (about half a year). This begins through the time after you keep New Zealand. Write to us if you have been offshore for half a year or even more so we could make certain the amount that is correct of happens to be added.
Outstanding payments or tax returns
You should contact us if you have any outstanding payments or tax returns.
In the event that you spend within thirty days of having your last loan stability
We will cancel any interest charged:
- involving the date you received the balance, and
- as soon as the re re payment flow from.
Before we could shut your loan there are several last things you must do.
Ensure you get your documents as much as date
File any income that is outstanding returns. Make sure we’ve your present contact and bank account details so we could refund any overpayments.
If you have overpaid your loan