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Student loan

Student - something sweet on your bread or bank account? You can apply for a student loan to help finance your life during your studies. With finances in order, you can focus all your energy on studying. Apply online and use the code app to verify your application.

Student loan in a nutshell

You can apply for a state-guaranteed student loan if you are a full-time student. Since the student loan has a state guarantee, you won’t need any other security or guarantee for the loan.

  • Apply for a student loan in Netbank or Nordea Mobile. To confirm your application, you need our code app installed on your mobile device.
  • Your application will be processed within 1-3 banking days.
  • The amount of the student loan is 300–650 euros a month as stated in Kela’s student financial aid decision.
  • You can choose to draw down your loan in instalments or for the whole study year in one go.
  • A flexible repayment schedule after your graduation will always be tailored to your life situation and repayment ability.
  • When you complete your first university degree within the set time and your outstanding loan amount is at least 2,500 euros, Kela will pay back part of your student loan as student loan compensation.

Applying for a student loan

Once you have received a guarantee decision from Kela, you can apply for a student loan in Nordea Mobile or Netbank.

Apply for a student loan

Student loan compensation

A student loan compensation accounts for 40% of the loan amount exceeding 2,500 euros if you as a university student graduate within the set time.

Read more about student loan compensation

Student loan repayment schedule

Your student loan repayment schedule will always be tailored to your life situation and repayment ability.

Read more about the repayment of student loans

What is a state guarantee?

  • A state guarantee is a security for a loan granted by the state. The amount of the state guarantee depends on the loan type. It guarantees a student loan in full, for example.
  • A state-guaranteed student loan must be repaid on the agreed payment dates.
  • The state guarantee is in force for 30 years at the most from the first drawdown of the loan.
  • You will receive a state guarantee decision for your student loan automatically from Kela in the case of a study grant or from the Employment Fund in the case of an adult education allowance.
  • Even if you’re not entitled to a study grant, you can still receive a loan guarantee in certain special cases. Please check this on Kela’s websiteOpens new window.
  • The reference rate of the student loan is the 12-month Euribor. The bank’s margin is added on top of the reference rate.
  • Kela will pay part of your student loan as student loan compensation if you have started your first higher education studies on 1 August 2014 or later and you have completed your degree within the set time.
    Read more about student loan compensation.

Student loan and studying abroad

  • Students living abroad can apply for a student loan raise to cover their expenses. The raised student loan amount for persons living abroad who are entitled to Finnish social security is 800 euros a month.
  • If you are completing your degree abroad, you can draw down your student loan for the entire school year in one instalment.

Before you go to study abroad, there are a few things to consider. First of all, you should find out the actual studying costs (such as tuition fees, living, rent). You also need to consider how you’ll handle your banking matters while studying abroad.

Please contact us – let’s find the best options for you!

Student loan payment and drawdown dates

Kela’s student financial aid decision includes the payment dates of your student loan, so you can easily check when you can draw down your student loan during the study year. Usually, student loans are paid twice a study year. This means that you can draw down your student loan in two instalments during the study year. 

  • In the autumn term, the payment and drawdown date is on 1 August at the earliest.
  • In the spring term, the payment and drawdown date is on 2 January at the earliest.
  • The instalments for the study year must be drawn down 31 July at the latest.

NB. If the first payment and drawdown date falls on a weekend or a mid-week holiday, the loan can be transferred to your account in practice on the next working day.

Changes to a student loan

You can make changes to your student loan if you need more flexibility. You may want to make changes to the terms and conditions of your student loan when you face unexpected situations, for example. It is possible to make the following changes to student loans granted by Nordea:

  • change the payment date of the student loan permanently
  • change the reference rate
  • increase or reduce the amount of the instalment
  • change from automatic debiting to paper invoices
  • apply for an instalment-free period.

Changes to your student loan are subject to a fee in accordance with our tariff. You can apply for an instalment-free period for your student loan in Netbank. For more detailed prices, terms and conditions and standard consumer information, please see below.

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Most common fees on student loans
Arrangement fee in Netbank *)
20,00 €
Arrangement fee at a branch *)
20,00 €
Concluding a student loan drawdown agreement 
0,00 €
Cancellation of a student loan drawdown agreement due to interruption or ending of studies 
0,00 € 
Cancellation of a student loan drawdown agreement for other than the above-mentioned reasons 
0,00 €
Partial drawdown in Netbank ***) 
10,00 €
Partial drawdown at a branch office ***) 
20,00 €
Automatic debiting of loan repayments 
2,30 € / charge
Loan payment, paper invoice4,10 € / charge
Raising fee 
10,00 €
Advance notice of loan debiting on paper or through Netbank  
0,00 €
Payment reminder to borrower 
5,00 €
Permanent change of due date0,00 €
Change in loan terms (e.g. change of repayment schedule, increase of installment, reference rate, billing method)  **)
40,00 €
Decrease of installment payment5,00 €
Deferred amortisation5,00 €
Change of the loan servicing account0,00 €
Move loan to another bank by customer's request. The fee is paid by the other bank.
120,00 €

*) Arrangement fee for Check-in customers 10,00 €.

**) A change in repayment schedule free of charge for Check-in customers, once per 12 months.

***) After the first drawdown, a partial drawdown fee is charged for each drawdown. The partial drawdown fee is not charged if the borrower and the bank have made a drawdown agreement in connection with the first partial drawdown at the latest.

Terms and conditions
Consumer Credit Information

Apply for a student loan

As a Nordea customer, you can apply for a student loan online. If you are not yet a Nordea customer, please leave us a contact request.

Apply for a student loan

Opintolainan korko

Keväällä nostettujen opintolainojen keskikorko oli Suomen Pankin tilastojen mukaan 0,48 %. Opintolainojen korot eivät ole koskaan aikaisemmin olleet näin alhaalla. Opintolainasi korko määräytyy kanssasi tekemämme sopimuksen mukaan.

Opintojesi aikana et voi maksaa korkoja erikseen, vaan opintolainasi korko lisätään lainasi pääomaan eli pääomitetaan kahdesti vuodessa: 15.6. ja 15.12.

Opintolainasi korot lisätään lainasi pääomaan niiden lukukausien aikana, jolloin saat opintotukea, sekä vielä kerran viimeisen opintotukilukukauden jälkeen.

Jos olet pienituloinen, sinun on mahdollista hakea valmistumisesi jälkeen korkoavustusta Kelasta. Tämä tarkoittaa, että Kela maksaa opintolainasi korot kokonaisuudessaan etkä joudu maksamaan sitä takaisin. Voit saada korkoavustusta, mikäli tulosi eivät ylitä Kelan tulorajaa eikä pankki enää pääomita korkoja vaan on alkanut laskuttaa niitä sinulta.