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No opening fee

We won't charge an arrangement fee for new student loans.

Flexible features

You can make changes to your student loan in Nordea Mobile and Netbank.

Benefits for students

Free banking services, a credit card for students and much more.

Student loan – commit to your studies full-time

Student loans are meant for students to cover the expenses of student life, such as 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.

New student loan with no opening fee

Do you receive financial aid for students but have not taken out a student loan yet?

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 between 16 June 2025 and 31 January 2026. 

Did you know that our student customers also get many other perks, such as free banking services and a Nordea Gold credit card with no monthly fee? 

Read more about our benefits for students

Discover the benefits

Free perks for students

Sign up as our student customer

See what we offer to students

Compare example calculations

What is a suitable student loan amount?

Student loan step by step

  • Your studies begin

    You can apply for a student loan for the first time after you have received a state guarantee decision from Kela.

    Read more about applying for a student loan

  • Time to send application

    You can choose to draw down your student loan for each academic year either in instalments or in one go.

    Read more about drawdowns

  • Subsequent academic years

    A student loan is always granted for one academic year at a time. At the beginning of each new academic year, you need to apply for a top-up to your existing student loan. 

    Read more about student loan top-up

  • Your student financial aid ends

    After about a year from the end of your student financial aid, you will need to start paying capitalised interest twice a year. 

    Read more about student loan interest

  • Your loan repayments start

    You will receive a repayment schedule from us in about 1.5 to 2 years after you graduate. You can make changes to the schedule we propose as you need.  

    Read more about repayment

See instructions

Make changes to your student loan

See how to create a budget in Nordea Mobile

Budgeting for a student loan and tracking your spending

Information on student loans

Terms and conditions
Prices
Indicative annual percentage rate
Consumer Credit Information

Student loan – prices

Common fees on student loans
ItemisationPrice
Loan – granting, drawdowns and fees:
Arrangement fee (initial) in Nordea Mobile and Netbank between 16 June 2025 and 31 January 2026.0.00 euros
Arrangement fee (top-up) in Nordea Mobile and Netbank10,00 €
Arrangement fee in Nordea Customer Service20,00 €
Student loan drawdowns in instalments determined in the guarantee decisions with an automatic drawdown agreement0,00 €
Partial drawdowns in separate instalments after requests made in Nordea Mobile and Netbank 10,00 €
Partial drawdowns in Nordea Customer Service 20,00 €
Automatic debiting of repayments in loans drawn down before 1 February 20212,30 € per debit
Automatic debiting of repayments in loans drawn down after 1 February 20212,50 € per debit
Paper invoice to home address4,10 €
Extra repayment0.00 euros
Advance notice of loan debiting on paper or through Nordea Mobile and Netbank0,00 € per debit
Loan changes:
Change of repayment schedule (change of reference rate or repayment method, increase of monthly payment or change from automatic debiting to paper invoices)40,00 €
Reduction of monthly paymentEUR 5.00
Payment holidayEUR 5.00
Change of due date0.00 euros
Change of loan servicing account0,00 €
Change to the initial repayment schedule proposal within 6 months of reception      0.00 euros
Transfer of loan to another bank upon the customer’s request. Charged to the receiving bank.150,00 €

As our customer, you get a new state-guaranteed student loan with no opening fee (the first arrangement fee) between 16 June 2025 and 31 January 2026 when you have a debit card with us and use our Nordea Mobile app and Netbank. Normally, the opening fee (the first arrangement fee) is 10.00 euros. 

The arrangement fee and partial drawdown fee (if any) are deducted from the drawn loan amount.  

Standard European Consumer Credit Information

To make comparing easier, the applicant has the right to receive the key information on the credit on a Standard European Consumer Credit Information form before signing the credit agreement. The information on the form may be calculated with the details given by the customer or on typical values. The form on this page is calculated with typical values, which means that a typical euro amount for this credit type is applied.

The form specifies the lender's contact information, the main features of the credit product, the costs, other important legal aspects and, if needed, the additional information required for distance selling. The information on the form may be binding or unbinding on the lender. A binding form requires a positive credit decision.

You will find detailed information on the credit on the Standard European Consumer Credit Information form.

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