
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.
How to apply for student loan
When you are Nordea's customer
- Apply for a state guarantee for your student loan from Kela. Read the instructions from Kela's pagesOpens new window.
- Apply for a student loanOpens new window in Nordea net- or mobilebank.
- Sign with your Nordea ID app.
When you are not yet Nordea's customer
- Apply for a state guarantee for your student loan from Kela. Read the instructions from Kela's pagesOpens new window.
- Become Nordea's customer and activate your Nordea ID app.
- Apply for a student loanOpens new window in Nordea net- or mobilebank.
- 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.
Information on student loans
- What is a student loan?
- How big a student loan can I get?
- When will the student loan be paid in my account?
- What does it mean that student loans are state-guaranteed and how do I apply for the state guarantee?
- Do I need additional collateral for a student loan?
- Will my university student benefits end when I graduate?
- How do I know if my loan application has been approved?
- Do I need to reapply for a student loan every year?
- Do I need to inform the bank of my graduation?
Terms and conditions
Terms and conditions
Student loan - Prices
Itemisation | Price |
---|---|
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 1.2.2021 | 2,50 € / charge |
Loan payment, paper invoice | 4,10 € / 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 date | 0,00 € |
Change in loan terms (e.g. change of repayment schedule, increase of installment, reference rate, billing method)
| 40,00 € |
Decrease of installment payment | 5,00 € |
Deferred amortisation | 5,00 € |
Change of the loan servicing account | 0,00 € |
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