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Apply for a student loan online

Apply for a state-guaranteed student loan to fund your student life or to build a buffer for your future or any major purchases. It's easy to apply for a student loan from Nordea and you get all the benefits for student customers.

Student loan in a nutshell

  • The amount of the student loan is 300–800 euros per month, as stated in Kela’s student financial aid decision.
  • As a Nordea customer you can apply for a student loan easily in netbank or mobile bank. Your application will be processed within 1–3 business days.
  • You need to reapply for a student loan each academic year. If you already have a student loan, you apply for a raise to your old loan.
  • Since the student loan is state-guaranteed, you won’t need any other security for the loan.
  • The repayment of student loans usually begins 1.5–2 years after the payment of student financial aid ends.
Apply for student loan

How to apply for student loan

When you are Nordea's customer

  1. Apply for a state guarantee for your student loan from Kela. Read the instructions from Kela's pagesOpens new window.
  2. Apply for a student loanOpens new window in Nordea net- or mobilebank.
  3. Sign with your Nordea ID app.

When you are not yet Nordea's customer

  1. Apply for a state guarantee for your student loan from Kela. Read the instructions from Kela's pagesOpens new window.
  2. Become Nordea's customer and activate your Nordea ID app.
  3. Apply for a student loanOpens new window in Nordea net- or mobilebank.
  4. Sign with your Nordea ID app.

Information about applying for a student loan

  • The loan guarantee decision will be forwarded to us directly by Kela, so you don’t need to send it to us separately.
  • Remember that you have to reapply for a student loan each academic year. If you already have a student loan and want to renew it for a new academic year, you should apply for a raise to your old loan. Submit your application by filling in Nordea’s student loan application.
  • Your application will be processed in 1 to 3 weekdays. You need to sign the loan agreement with your Nordea ID app when you submit the application. Once the loan is granted to you, the loan agreement and terms and conditions will be available in Netbank. 
  • If you are a minor, you need your guardians’ (both guardians if you have two) consent for applying for a student loan. Your guardians can give their consent digitally through Omaposti, over the phone with their access codes or in branch with a power of attorney. After this, you can apply for and draw down a student loan through Nordea Customer Service if you have Nordea’s access codes. Alternatively, you can visit one of our branches.
State-guarantee for student loan
Draw student loan
Student loan and studying abroad
Student loan compensation
Interest rate for student loan
Repay your student loan
Apply for a change to your student loan repayment schedule

Keep track of your finances in Nordea Mobile

If you are working and studying you need to keep track of your income and expenses to make sure you keep within the annual income limit. In Nordea Mobile's Insights -tab your income and expenses are already categorized. You can change the settings and categories so that the tracking serves you and your needs.

Information on student loans

Terms and conditions
Prices
Indicative Annual Percentage Rate
Consumer Credit Information

Student loan - Prices

Most common fees on student loans
ItemisationPrice
Arrangement fee in Netbank
10,00 €
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 by customer service *)  
20,00 €
Automatic debiting of loan repayments, price before 1.2.2021
2,30 € / charge
Automatic debiting of loan repayments, price from 1.2.20212,50 € / 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 €

*) 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.

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 (pdf, 259 KB)Opens new window.

Apply for a student loan

As a Nordea customer, you can apply for a student loan online.

Apply for a student loan Opens new window