Students loans

State-supported student loans

An opportunity to borrow for tuition, living expenses or partial studies abroad.

  • The loan or part of it is paid out on the day the agreement is signed.
  • No agreement conclusion or administration fees apply.
  • For loans for living expenses, we don’t require you to submit a separate request each month to pay out the credit – part of the credit is automatically paid to your account each month.
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Please note, that by using financial services you assume financial obligations. Improper execution of financial obligations may adversely affect your credit history and raise the cost of borrowing, and it can also cause initiation of enforced recovery.

Hassle-free conclusion of a student loan agreement during quarantine! Find out the necessary steps to take to conclude a loan agreement.

Period for granting student loans: 16 April 2020 – 31 May 2020.

When coming to the branch, know your study programme code and do not forget to bring your passport or personal identity card.
If the loan agreement is signed by a person authorized by the student, an authorization to sign the agreement certified by a notary must be provided.
General requirements for the recipient
  • You can only be given a loan if you are on the Studies Foundation list and you haven’t suspended or terminated your studies, and you don’t have debts for any payments.
  • Apply to a bank branch for a loan or payment at the set time (all dates are published on the State Studies Foundation website).
Applying for a loan
  1. Submit a loan application at the time set on the State Studies Foundation website (
  2. Check the website to see if the State Studies Foundation has included you on the list of loan recipients.
  3. If you found yourself on the list, come to the Swedbank branch of your choice to sign a loan agreement.
Requesting a loan payment for the spring semester
  1. Come to the nearest Swedbank branch during your current academic year from 1 February to 30 June, or before the end of studies if they end before 30 June.
  2. Submit a request to pay the spring semester payment for a tuition fee loan (you’ll find the request form that you need to fill out at the bank branch).
  3. In case the educational institution regulates that the fee for the respective semester must be paid before the end of the semester, you must submit a certificate evidencing the above fact, and we will pay out the loan or its part to perform the payment before the above term.
Please note

When you go to the bank to sign a loan agreement or to submit a request for the spring semester payment, be sure to have with you:

  • your passport or identity card;
  • a completed application for new loan (the application can also be filled out at the bank);
  • in cases where the loan agreement is being signed by a person authorised by the student, be sure to also present a notarised power of attorney to sign the agreement.
  • When submitting the application for the spring semester loan, please submit a certificate from the educational institution evidencing that your studies have not been terminated or that you are not on academic leave. The certificate must be issued not earlier than 7 days before the submission of the application.

Documents for download:

Interest and fees
  • The loan is subject to a variable interest rate: Euribor 3 months and a 2.1% mark-up.
  • The Euribor interest rate is the European interbank offered rate expressed in annual interest. The Euribor reference rate is set, administered and published by the European Money Markets Institute or other officially designated organisation. If the Euribor reference rate is negative, it is deemed zero.
  • The agreement administration fee is EUR 0.00.
  • The early repayment fee is EUR 0.00.
  • You also have to have an account with Swedbank, which is subject to the rates specified in the Bank’s price list of services and operations on the day that the loan agreement is concluded.

*Repayment of the loan begins 12 months after completion or termination of the studies that the loan was received for.

The amount of interest is calculated on the loan amount that was paid out and not repaid. To save you time, we will deduct the required amount of instalments and/or interest from your account on the 30th day of the month (or if the month has fewer days – on the last day of the month) starting at 5:45 pm. Make sure in advance that the amount in your account on that day and time is sufficient to make the payment.

Useful information:

  • If you temporarily suspend your studies, you will continue to only pay interest.
  • If you run into financial difficulties and have trouble paying the loan instalments, don’t hesitate to contact the bank.
  • Lukas completed the studies that he borrowed for.

Once he finished secondary school, Lukas enrolled to study programme systems. He received a state-supported loan to pay tuition for these studies. For the entire period of his studies and a year after his graduation, Lukas only paid interest on the loan. One year after his graduation, he started to repay the loan, which has to be repaid in 15 years.

  • Rasa changed the study programme that she borrowed for.

Once she finished secondary school, Rasa enrolled to study business management and administration, and she received a state-supported loan to pay tuition for these studies. While studying management, Rasa only paid interest for the loan. After completing the first year, she decided to switch to the economics study programme. The state-supported loan was meant to finance management studies, so Rasa, after changing study programmes, continued to only pay interest on the loan for the next 12 months, after which she had to start repaying the loan (even though she was still studying economics). The loan has to be repaid in 15 years.


Please note that by using financing services, you are assuming financial obligations. Improper fulfilment of financial obligations may have a negative impact on your credit history and make borrowing more expensive; it may also entail forced debt collection. If you would like to get more information about the loan conditions or to assess your personal financial situation, you can always consult our specialists at the nearest “Swedbank” customer service branch or by phone 1884.

Typical example of the annual percentage rate of charge

If you were to take out a tuition fee loan of EUR 1,500 for one academic year, when the duration of the credit agreement is 20 years (of which 5 years are a grace period (the 4-year study period plus 12 months after the studies end) and 15 years are the loan repayment term), with an annual interest rate of 2.10%, paying the minimum daily service fee set by the Bank (EUR 0.70 per month), and making monthly instalments according to the linear method (first monthly instalment of EUR 11.12), the annual percentage rate of charge (APRC) would be 3.02%, and the total amount paid by the recipient would be EUR 2,073.

The annual percentage rate of charge and the total amount paid by the recipient are calculated on the assumption that the Credit Agreement will be valid for a period equal to the duration of the Credit Agreement, the Bank will pay out the entire amount of Credit to the Credit recipient on the day that the Credit Agreement is signed, the parties to the Credit Agreement will fulfil all of their obligations arising from the Credit Agreement in accordance with the terms and conditions set forth in the Credit Agreement, and the annual interest rate, fees and other expenses will remain the same as at the time of conclusion of the Credit Agreement and will continue to be applicable until the end of the Credit Agreement.

Are you a secondary school graduate getting ready to continue your education? Let’s talk about money.

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