How the interest rate affects your student loan

Please note that the calculation is indicative and assumes that interest and costs remain unchanged throughout the loan period. Also consider that the calculation is based on the assumption that the student has completed a Bachelor’s degree and a Master’s degree in Finland (5 years and 300 ECTS credits) and received student financial aid throughout their studies. 

The amount of the state guarantee for your student loan depends on how old you are and where you study. The calculations are based on the maximum student loan amount of 850 euros per month for students studying at a Finnish university. Capitalisation of interest, partial drawdowns, repayment months, extra payment holidays and breaks in your studies have an impact on the interest and the costs, which is why your loan details may be different from those presented in the calculation. The reference rate of the example calculation is the 12-month Euribor with a hypothetical quotation of 2%.

*The student loan compensation is 40% of the amount of your outstanding student loan exceeding 2,500 euros, but not more than 6,200 euros. 

Read more about student loan compensation

Please note that the calculation is indicative and assumes that interest and costs remain unchanged throughout the loan period. Also consider that the calculation is based on the assumption that the student has completed a Bachelor’s degree and a Master’s degree in Finland (5 years and 300 ECTS credits) and received student financial aid throughout their studies. 

The amount of the state guarantee for your student loan depends on how old you are and where you study. The calculations are based on the maximum student loan amount of 850 euros per month for students studying at a Finnish university. Capitalisation of interest, partial drawdowns, repayment months, extra payment holidays and breaks in your studies have an impact on the interest and the costs, which is why your loan details may be different from those presented in the calculation. The reference rate of the example calculation is the 12-month Euribor with a hypothetical quotation of 3%.

*The student loan compensation is 40% of the amount of your outstanding student loan exceeding 2,500 euros, but not more than 6,200 euros. 

Read more about student loan compensation

Please note that the calculation is indicative and assumes that interest and costs remain unchanged throughout the loan period. Also consider that the calculation is based on the assumption that the student has completed a Bachelor’s degree and a Master’s degree in Finland (5 years and 300 ECTS credits) and received student financial aid throughout their studies. 

The amount of the state guarantee for your student loan depends on how old you are and where you study. The calculations are based on the maximum student loan amount of 850 euros per month for students studying at a Finnish university. Capitalisation of interest, partial drawdowns, repayment months, extra payment holidays and breaks in your studies have an impact on the interest and the costs, which is why your loan details may be different from those presented in the calculation. The reference rate of the example calculation is the 12-month Euribor with a hypothetical quotation of 4%.

*The student loan compensation is 40% of the amount of your outstanding student loan exceeding 2,500 euros, but not more than 6,200 euros. 

Read more about student loan compensation

The indicative Annual Percentage Rate (APR) of a student loan is 3,9 % when the loan amount is 4 500,00 EUR the loan period is 15 years and the margin is 0,50 %. The estimated total cost of the loan is 5 836,50 EUR and the number of loan payments is 180. The calculation includes a fee for the automatic debiting of loan payments, which is 2,50 EUR per payment, and an arrangement fee of 10,00 EUR . The calculation assumes that the loan will be drawn down over five years and the loan interest, payments and fees will remain unchanged throughout the loan period. The reference rate of the example calculation is the 12-month Euribor, which was quoted at 2,045 % (on 6 May 2025).