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.