There are other reasons why interest can be written off, but if you do not qualify, the IRD has to charge interest while you have any debt, if you are an overseas based borrower. If you have a student loan debt the interest charges should be taken into account if you are considering moving out of New Zealand. Not only are these likely to be significant, if you get behind, late payment penalty interest will also be charged.
If you need help with these issues, please contact us.