Affordable student loans to Nordea’s customers
With finances in order, you can focus all your energy on studying
A student loan is a secure and inexpensive way to finance your living expenses while you are studying. You can submit a loan application in Nordea's Netbank or at a branch. For the application, you will need Kela’s decision on student financial aid in the form of a state guarantee.
When you compare different student loans, you should always pay attention to the annual percentage rate of charge. This applies to all forms of financing. The annual percentage rate of charge is impacted by the reference rate and margin as well as by different kinds of fees and account management fees.
Once you have completed your studies, we can draw up a flexible personal repayment schedule that will suit your life situation. Repayment usually begins about 2 years after you have finished your studies.Your benefits as Nordea's Customer:
- student loan at a very low margin of 0.5%
- arrangement fee of EUR 10 for Check-in- and Key Customers when you draw down a new student loan
Annual percentage rate of charge of student loans for Check-in- and Key Customers
The annual percentage rate of charge of student loans for Check-in Customers is 0,6 % when
- the loan amount is 4,500 euros
- the interest is 0,50%.
- the loan period is 15 years
- the arrangement fee is 10 euros.
The interest of a student loan for Check-in- and Key Customers is the 12-months Euribor + a 0.5% margin. When the nominal interest is 0.50% and the loan period is 15 years, the annual percentage rate of charge is 0.6% for a student loan totalling 4,500 euros (14 August 2017). The total sum of the loan and loan costs will be 4,787 euros and the number of loan payments will be 30. The calculation includes a Check-in- and Key Customer's discount on the arrangement fee EUR 10 and automatic debiting of the loan payments, which costs 2.30 euros per payment. The total payable loan amount depends on the use of the loan, the amount of agreed repayments and the validity of the loan agreement.
Advice on loans and credits
Choosing Nordea for all your banking will be worth your while.
You can balance your finances by calculating your regular income and expenses.