You need to apply for the student loan from your bank separately for each academic year. If you already have a student loan and want to renew it for the upcoming academic year, you should apply to top up your existing loan.
How to apply for a new student loan
- Check the decision you have received from Kela to see if you have been approved for a loan guarantee.
- Apply for a student loanOpens new window in Nordea Netbank or Nordea Mobile.
How to apply to top up your existing student loan
You need to apply for the student loan separately for each year. You can apply for the top-up the same way you applied for your original loan, using our student loan application form.
- Check the decision you have received from Kela to see if you have been approved for a loan guarantee.
- Apply to top up your student loanOpens new window in Nordea Netbank or Nordea Mobile.
You will receive the money in your account in 1–3 working days.
We normally process student loan applications in 1–3 working days. However, during the peak periods (January, August and September), it may take us longer than three days to process your application. Once the loan is granted to you, you will receive the loan agreement and terms and conditions in a message via Nordea Mobile and Netbank.
If you choose the drawdown agreement, we will transfer the entire amount of the granted student loan to your account automatically. If you don’t want to draw down the whole loan at once, you can choose the partial drawdown agreement.
Read more about drawing down your student loan.