Student loan

Ask of study loan from Swedbank and concentrate on your studies

  • A student loan with a state guarantee helps you cover the costs of studying either in Estonia or abroad
  • The interest rate on a student loan is just 5% per annum
  • Entering into a student loan agreement is free of charge
  • You can sign the student loan agreement from 1st of August until 31st of May

Student Loan

Loan amount
Repayment
Period
Repayment holiday

Results are approximate and may differ from conditions offered to you.

Fixed interest rate
5%
Total interest expenses
0
Repayment
0

Conditions of student loan

You can sign the student loan agreement from 1st of August until 31st of May.

You have to meet the following conditions to apply for a student loan:

  • you are a citizen of the Republic of Estonia or the holder of a long-term residence permit or permanent right of residence
  • the length of your studies determined in curriculum is 6 months or more.
  • you are a full-time or part-time student
    • in a university or an institution of professional education that is governed by Estonian public law or that operates on the basis of the Private Schools Act, or
    • on the basis of secondary education in a state or municipal institution of vocational education or an institution of vocational education that operates on the basis of the Private Schools Act, or
    • in a foreign educational institution that is equivalent to the educational institutions listed above
  • you are not on academic leave
  • you do not have any debts

If you do not meet these conditions, come to the bank to look at other options to finance your studies. You can take a look at other loan options here:

Read more about home equity loan
Read more about small loans

Loan study amount

The maximum loan amount for the 2018/2019 academic year up to 1000 euros if your studies last 6-8 months and up to 2000 euros if your studies last 9 or more months.

Collateral

There are two options for securing a student loan:

  • suretyship of two persons.
  • property located in Estonia.