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Student Loan Repayments

Answer
DrDub
Posted Tue, 01 Oct 2024 09:22:55 GMT by DrDub
I'm on a type 1 loan and have just started earning over the repayment threshold. I understand the current interest rate is 4.3%, where can I find an online repayment calculator specific to type 1 loans so I can decide whether to overpay? Thanks.
Answer
HMRC Admin 19 Response
Posted Wed, 09 Oct 2024 09:14:08 GMT by HMRC Admin 19 Response
Hi,
If you are on plan 1, the interest rate is 4.3%. Please have a look at the guidance here:
How interest is calculated - Plan 1
Repaying your student loan
Student finance calculator
Thank you.
eLoanWarehouse eLoanWarehouse
Posted Thu, 19 Dec 2024 06:13:31 GMT by eLoanWarehouse eLoanWarehouse
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.
castleapp
Posted Sat, 21 Dec 2024 07:54:51 GMT by castleapp
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.

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