When you’re for the more than one bundle sorts of

You will be repaid per week and your money changes a week. Recently your revenue is actually ?600, that is along side Postgraduate Loan weekly endurance regarding ?403.

Your revenue is ?197 along the threshold (?600 without ?403). Might pay ?eleven (6% of ?197) recently.


Their yearly earnings try ?twenty eight,800 and you are clearly repaid a regular month-to-month salary. Thus every month your earnings try ?dos,eight hundred (?28,800 separated by several). This is certainly along side Postgraduate Financing monthly threshold from ?step one,750.

Your earnings was ?650 along side threshold (?2,eight hundred without ?step 1,750). You are going to pay ?39 (6% out-of ?650) monthly.

Interest to the Postgraduate Mortgage

The interest rate on the Postgraduate Money is usually the Suggested retail price List and step three%. However, the speed is now capped until on account of inflation. Interest rates to the Postgraduate Financing cannot exceed six.5% while the cover is during put.

Exactly how much you pay depends on and that of your own plan sizes provides the low repayment endurance and even in the event you may have a beneficial Postgraduate Loan.

If you do not has a Postgraduate Financing

You’ll be able to pay-off 9% of the income across the lowest endurance out of the package models you may have. You can just have one cost drawn any time you get paid, even when you are on more than one package types of.


Your yearly earnings try ?twenty-five,2 hundred and you are clearly paid off a typical monthly wage. As a result every month your revenue is actually ?dos,one hundred (?twenty-five,2 hundred split up of the several). This might be along the Plan step one tolerance out of ?1,682 but underneath the Plan dos threshold from ?2,274.

You are able to pay off 9% of your own earnings more than ?step one,682 thirty days because that ‘s the reasonable endurance off the master plan models you’ve got.

Your income is actually ?418 over the Package 1 endurance (?2,one hundred minus ?step one,682). You’ll pay-off ?37 (9% out of ?418) 1 month.

If your money went over the Plan 2 endurance, you would however merely pay back nine% of earnings over the Bundle step one endurance. You will not need to make a different sort of fees towards your Plan 2 financing.

For those who have a great Postgraduate Financing

You can easily pay 6% of one’s money along the Postgraduate Financing tolerance (?21,100000 annually) and you can nine% of your money along the reasonable tolerance for any other package products you have.


Your yearly earnings is ?twenty-eight,800 and you’re paid a frequent month-to-month wage. Because of this per month your income are https://pdqtitleloans.com/payday-loans-nd/?dos,400 (?twenty eight,800 separated because of the several). It is over the Postgraduate Loan endurance out-of ?step one,750 additionally the Package 2 endurance from ?dos,274.

Your earnings was ?650 over the Postgraduate Mortgage tolerance (?dos,400 minus ?step 1,750) and you will ?126 along the Package dos threshold (?2,eight hundred minus ?2,274).

Might pay back ?39 (6% out-of ?650) into Postgraduate Financing and you may ?eleven (9% out-of ?126) for the Bundle 2 mortgage. Which means your total month-to-month installment could be ?fifty.

If your earnings changes in the year

You can require a refund if you make costs however, your overall yearly income (out of six April in order to 5 April next year) was lower than:

  • ?20,195 a year for Package step 1
  • ?twenty seven,295 a year to own Bundle 2
  • ?twenty five,375 a-year to have Bundle cuatro
  • ?25,one hundred thousand a-year to possess Bundle 5
  • ?21,one hundred thousand to own Postgraduate Finance

For those who have 2 or more jobs

When you’re working, your instalments could well be taken from your salary. This new payments would-be regarding the efforts for which you secure over minimal amount, perhaps not the joint income.


You have got dos services, both expenses you a typical month-to-month salary. Prior to income tax or any other deductions, you have made ?step 1,one hundred thousand thirty day period from employment and you will ?800 1 month into the most other.