How your student loan amount affects your finances

Indicative calculation, 1 academic year

Calculation, 1 academic year (9 months of student financial aid)

What is included in the amount?	Amount (€)
Loan amount	7,650
Interest and costs (during your studies)	1,268
Loan, interest and costs in total	8,918
Student loan compensation	2,060
Total repayment (principal + interest + costs - student loan compensation)	6,858
Repayment schedule (15 years)
Monthly loan payment (excluding interest)	15.04
Interest and costs during the repayment period in total	1,335.29

Please note that the calculation is indicative and assumes that interest and costs remain unchanged throughout the loan period. Also note 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 quoted at 2.481% (on 10 March 2025).

Indicative calculation, 3 academic years

Calculation, 3 academic years (27 months of student financial aid)

What is included in the amount?	Amount (€)
Loan amount	22,950
Interest and costs (during your studies)	3,031
Loan, interest and costs in total	25,981
Student loan compensation	6,200
Total repayment (principal + interest + costs - student loan compensation)	19,781
Repayment schedule (15 years)
Monthly loan payment (excluding interest)	109.73
Interest and costs during the repayment period	5,658.63

Please note that the calculation is indicative and assumes that interest and costs remain unchanged throughout the loan period. Also note 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 quoted at 2.481% (on 10 March 2025).

Indicative calculation, 5 academic years

Example calculation, 5 academic years (45 months of student financial aid)

What is included in the amount?	Amount (€)
Loan amount	38,250
Interest and costs (during your studies)	3,814
Loan, interest and costs in total	42,064
Student loan compensation	6,200
Total repayment (principal + interest + costs - student loan compensation)	35,864
Repayment schedule (15 years)
Monthly loan payment (excluding interest)	198.97
Interest and costs during the repayment period	9,733.48

Please note that the calculation is indicative and assumes that interest and costs remain unchanged throughout the loan period. Also note 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 quoted at 2.481% (on 10 March 2025).

Indicative annual percentage rate

The indicative Annual Percentage Rate (APR) of a student loan is 3,6 % 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 6 068,13 EUR and the number of loan payments is 120. 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 2,184 % (on 8 September 2025).