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should i pay off my student loan first or save for a deposit

Rotorua_FHB·30/03/2026·70 views·2 replies·Partner answered
i've got about 22k on my student loan and i'm trying to figure out if i'm better off clearing it or just letting paye handle it while i save. what actually moves the needle more?

2 Replies

Dustin LindaleVerified Partner previewHelpful answer preview5/04/2026

Yeah this is a really common one, and there’s no one-size answer, but for most people it leans one way. Because your student loan is interest free, there’s usually no big advantage in rushing to pay it off early. From a numbers point of view, you’re often better off putting that money toward your deposit instead. The part that does matter is the repayments coming out of your income. That affects your borrowing...

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