Repayment schedule of student loan

1. If you’re entitled to student loan compensation, Kela will grant you this. You will see the compensation in Nordea Netbank as a paid instalment of your student loan.
2. We will send you a message in Nordea Netbank with a proposal for your student loan repayment schedule 1.5–2 years after you no longer receive student financial aid. You can choose to accept the proposal as it is or suggest changes to the repayment period, for example. The repayment period in our proposal is always 15 years.
3. Once you have accepted the repayment schedule, you will start repaying your student loan each month. Your monthly loan repayment comprises the instalment, interest and margin. The margin of your student loan is 0.50%.

If your circumstances change after we have agreed on your repayment schedule, you can later adjust it flexibly. 

The state guarantee is valid for 30 years from the first time you draw down your student loan, which means your loan must be repaid in full by the time the state guarantee expires.

You can apply for an instalment-free period for your student loan or change the amount and due date of your monthly repayment, the management account and the repayment method. Any changes are subject to a fee set in our tariff which we will charge in connection with the next repayment of your loan.

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