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Student loan – focus on your studies full-time
The purpose of a student loan is to help you pay for your expenses during your studies, including tuition fees, study materials and daily expenses.
Since the government guarantees student loans, you don’t need any other collateral to apply for a student loan. The guarantee is valid for a maximum of 30 years.
Based on what you need, you can decide whether you want to draw down the loan amount for one academic year in one go or in instalments. Once you start to repay your loan, you can make changes to the repayment schedule in Nordea Mobile and Netbank.
When you enter student life
As our customer, you get a new student loan with no opening fee (the first arrangement fee) when you apply for the loan in Nordea Mobile or Netbank.
Apply for student financial aid from Kela through the digital OmaKela service. With an approved student financial aid decision, you will also get a state guarantee covering the student loan.
A student loan is always granted for one academic year at a time, so at the beginning of each new academic year, you will need to apply for a top-up to your existing student loan using the student loan application. 
We will begin charging interest on your student loan about one year after your student financial aid runs out, and you will start repaying your loan 1.5 to 2 years after your student financial aid runs out.
