Print Page   |   Contact Us   |   Sign In   |   Register
Fee Repayments for Overseas Based Borrowers

What Do You Need to Know?

If you are overseas for more than 6 months (184 days continuously) then the rules for loan repayments will change. There are three main differences from the rules for domestic based borrowers: 
  • you get charged interest
  • your obligation doesn't get deducted from your salary automatically
  • the amount you owe is calculated on the size of your loan and not your income
NZUSA has done some research for you on ways to keep your repayments low and avoid unnecessary fees and compounding interest on your loan. Find out more at NZUSA website

Transaction Fee Free Payments
For instance, until recently it was very expensive to make payments from overseas but now there are ways to make payments without paying transaction costs.

Find out about transaction fee free payments on the NZForex (New Zealand Foreign Exchange Services) website