Student loan

Noodles don’t have to be your only enjoyment as a student. 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.

Move forward with your studies

A student's most important goal is to learn new things every day. A student loan allows you to concentrate on your studies. It is a secure and inexpensive way to finance your living expenses while you study. You are eligible for a student loan if you study full time. Since the government guarantees the student loan, no other security or guarantee is required. You can easily submit a loan application online.

  • Affordable student loans to Nordea´s customers.
  • Your account is credited on the drawdown dates free of charge if you have a valid agreement on the drawdown of the loan payments.
  • Flexible repayment schedule.
  • The student loan compensation is a new financial aid benefit

For the application, you will need Kela’s decision on student financial aid in the form of a state guarantee.

Not yet Nordea’s customer?

Nordea will be your partner during your studies, too. Become a student customer now and get all the benefits!

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General about student loan

  • Student loans are state-guaranteed and must be repaid when the studies are completed.
  • The student loan can be 300– 650 euros a month according to the decision on student financial aid. If you study abroad, the loan may amount to 800 euros a month.
  • The state guarantee is in force for 30 years at the most from the first drawdown of the loan.
  • The reference rate options are Nordea Prime and the 12-month Euribor. The bank’s margin is added on top of the reference rate.
  • When you have a valid decision on a state guarantee, you can make a student loan application and partial drawdown requests in Netbank.
  • As of the academic year 2011–2012, the state guarantee for student loans is granted without a separate application to all university students receiving a student grant.
  • Kela will pay a portion 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 passed your degree within the target time.

Studying abroad

  • If you study abroad, the loan may amount to 800 euros a month.
There are many things to consider when studying abroad. Which are the actual studying costs (such as tuition fees, living, rent)? How should you arrange your banking? How to pay bills in Finland and transfer money from Finland to another country? How will you pay for your purchases abroad and will there be any tax considerations? Come and discuss all this with us – let's find the best options for you!

Applying for a student loan

First you will need a benefit decision on a student loan guarantee from Kela for the current term. When you have received it, you can apply for a student loan in the mobile or Netbank.

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Student loan compensation

Student loan compensation is a financial aid benefit for students in higher education.

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Repayment schedule of student loan

Your repayment schedule will always be tailored to your situation in life and your repayment capacity.

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Prices - List price
Most common fees on student loans, list price
ItemisationPrice
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 
12,00 €
Partial drawdown in Netbank **) 
10,00 €
Partial drawdown at a branch office **) 
20,00 €
Automatic debiting of loan repayments 
2,30 € / charge
Raising fee 
10,00 €
Advance notice of loan debiting on paper or through Netbank  
0,00 €
Loan payment, paper invoice 
6,00 €
Payment reminder to borrower 
5,00 €
Change in repayment schedule 
40,00 €
Change of the reference rate 
40,00 €
**) 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.
Prices - Check-in customers
Terms and conditions
Consumer Credit Information

Apply for a student loan online

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