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.
Lending to friends or whānau? Use Amico to stay protected with a clearly defined loan process.
If you're thinking about lending money to friends or family, it's important to make the process clear, fair, and legally secure. That’s where Amico comes in. Amico is a New Zealand-based peer-to-peer lending app that simplifies education lending between people who trust each other. It helps you set clear terms, create a digital contract, and manage repayments in one easy-to-use platform.
Using Amico, you can create a loan agreement in five simple steps: get informed by understanding ethical lending practices; create your free account in just a few minutes; start a new loan by entering agreed terms like repayment dates and interest (if any); pay a one-off $15 fee to generate a formal contract; and invite the other party to review and sign. Everything is securely stored, and your agreement is legally binding, so there’s no confusion or stress down the track.
This is a great option if you’re looking to support a loved one while keeping the loan process professional. Whether you’re lending for education, a vehicle, or education needs, Amico ensures that both parties stay protected and confident. Visit Amico to learn more and start lending responsibly today.
Education Loan Amount
Deposit / Down Payment
Loan Interest Rate
Repayment Period (Years)
Monthly Payment Owed
Total Payment Owed
Total Principal Owed
Total Interest Payment Owed
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