The loan is intended to cover the current year's tuition fees.
- The loan amount may not exceed the annual or one-semester tuition fee.
- Loan disbursement – we will pay the money for the current semester within 3 days of signing the agreement. The amount paid will be transferred to the account of the higher education institution straight away.
NB! If you borrow for both semesters at once in the fall semester, you will need to submit a separate application to us from 1 February to 30 June in order to receive the second instalment of your tuition loan for the spring semester. If the application is not submitted or submitted late, the second part of the loan will not be disbursed.
Loan for part-time studies abroad under international agreements.
- Loan amount – up to EUR 2940 per year.
- Loan disbursement – we will transfer the entire loan amount to your account within 3 days of signing the agreement.
Going on an exchange program before the loan application process starts?
Make sure you have secure access to the National Study Fund website and our information systems (e-banking, e-signature, etc.) while you are abroad. You will be able to sign the loan agreement remotely, but for this you need to have access to the Swedbank Internet Bank and a qualified e-signature: Smart-ID, Mobile-ID or e-signature on the personal identification card.
NB! Only you can apply to the National Study Fund. If you are included in the list of loan recipients, you can contact us to sign the loan agreement. Your authorised person will also be able to sign the loan agreement at the branch (the authorisation must be in the prescribed form and certified by a notary).
The loan is designed to meet a variety of personal needs during your studies.
- Loan amount – up to EUR 3920 per year.
- Loan disbursement – payable in instalments, once a month until June (inclusive). The first monthly payment will reach you no later than 3 days after signing the agreement. Further payments will be made on the 30th of each month until the end of the academic year (1 July). If you are in your final year of study, payments will be made no longer than until the end of your studies.
State-supported loans are not available for people who go abroad to study unless the student is going for part-time studies under international agreements such as the ERASMUS programme.
All loans are granted for the current academic year or one semester only. Please note that state-sponsored student loans in spring are only available for the spring semester.
Yes, the bank can refuse to conclude state-supported loan agreements with students who do not fulfill their financial and other obligations properly.
No! If you borrow for both semesters at once during the fall semester, you will need to submit an application to us from 1 February to 30 June to pay for the spring semester (if you are a final year student – no later than 5 working days before the end of your studies). If you don‘t apply, the second part of the loan will not be disbursed. You can also submit an application remotely.
No, the loan for living expenses is paid in equal installments, once a month, but no longer than 1 July or the end of studies (if they end earlier).
Information on state-supported student loans
If you want to get a state-supported tuition loan, you first need to be on the list of loan recipients before you can apply for signing a loan agreement with us.
NB! The loan cannot be granted to those who have suspended or discontinued their studies and have late payments or poor credit history.
- Apply to the National Study Fund within the timeframe specified on the Fund's website www.vsf.lt. Apply by logging into the Fund's information system IS PASKOLA or the Electronic Government Gateway.
- Check if your application has been approved – find out if you have been added to the list of loan recipients at www.vsf.lt
- If you find yourself on the list, contact us to sign the loan agreement – you must do so within the time limit set, so follow the information on this page.
You don't need to go to a bank to conclude a loan agreement. Fill in and submit your loan application in the Internet Bank and, once you have received a positive answer, you can sign the agreement online. If you do not have a Swedbank account yet, you can become a customer right away – this will speed up the loan application process a bit.
If you want to apply and sign the agreement remotely, you need to have a qualified e-signature: Smart-ID, Mobile-ID or e-signature on the personal identification card.
If you failed to install a qualified e-signature or cannot log in to the Internet Bank, register for a consultation with a bank specialist at the branch. Pre-registration is mandatory.
First, you need to become a Swedbank customer – open an account online. You can find more information here.
You can also register for a consultation with a bank specialist at the branch. Pre-registration is mandatory.
Open the existing Smart-ID app on your phone, select User Information > Account Level. If you see Smart-ID Qualified Electronic Signature on the screen, it means you have a qualified signature.
Instructions on how to set up a qualified Smart-ID account can be found here. If it does not work, call us at +370 5 268 4444 and we will help you.
- If you decide to apply for a loan at the branch, you will need to register for a consultation and bring your passport or ID card with you.
- When contacting the bank, you should know the code of your study program, the estimated end date of your studies and the account number of the educational institution to which tuition fees are transferred.
- If your authorised person is signing the agreement, he / she will also need to provide a notarised power of attorney to sign the agreement. The power of attorney must be made in the prescribed form. The power of attorney (DOC)
- If you are a foreign student, you will need to present a residence permit in Lithuania with an 11-digit Lithuanian personal identification number.
Within 3 working days of your application.
Loan repayment term = Study years + 12-month grace period + 15-year repayment term*
- During your studies, you shall pay monthly interest on the actually disbursed and outstanding amount.
- During studies, the interest on loan for tuition fees may be compensated by the state. In this case, when you apply to the Fund for a loan, you need to check mark that you wish to tender for interest payments during your studies.
- One year after the graduation or withdrawal (after the end of the grace period), you shall make monthly repayments consisting of interest on the actually disbursed and unpaid loan amount, plus the loan repayment instalment.
- Repayment of the loan is made in monthly declining instalments (linear method).*
- The due date for payment of the loan and interest to the bank is the 30th day of each month (for February – the last day of the month).
NB! Make sure you have enough money in your bank account before the scheduled time to make the payment.
* 12-month grace period – the period after graduation when you only have to pay interest on your loan.
* The loan repayment term is 15 years, unless you are over 65 at the end of the term, in which case the repayment term would be correspondingly shorter (until your 65th birthday).
* The loan repayment is made on a straight-line basis, which means that the repayment instalment is the same each month (the repayment instalment is calculated by dividing the amount of the credit granted by the maturity of the credit), and the interest instalment will decrease each month.
No, there is no option to choose and change the payment date. We will debit the instalments and/or interest from your account on the 30th day of the month (or the last day of the month if the month has fewer days) at 17:45. Make sure you have enough money in your bank account before the scheduled time on that day to make the payment.
A preliminary schedule is drawn up and submitted when the credit agreement is signed. Later, whenever interest rates change (due to changes in EURIBOR every 3 months), an updated schedule of interest and instalments for the next 3 months is presented in the Internet Bank.
Yes, you can pay off some or all of the loan before maturity. There are no additional fees or penalties for early repayment. If you wish to request early repayment, please notify us with Internet Bank message or contact the branch. Early repayment of part of the loan will result in a pro-rata reduction of the monthly payments (there will be no change to the final payment date).
Parents or other third parties can transfer the amount they want to pay for the loan to your Swedbank account, which is used to make payments on your state-supported loan for tuition fees. Then, to cover the loan or part of it from these funds, send us an Internet Bank message.
If you are facing financial difficulties paying your loan instalments and/or interest, do not hesitate to contact the bank.
When switching to another study program (with a different study code), it is considered that the studies for which the loan was received have ended and the 12-month grace period begins to count. After it expires, the loan repayment period begins. If you decide to stop your studies or switch to another study program, be sure to inform us about it with Internet Bank message or contact the branch.
Suspension of studies does not trigger repayment of the loan – in this case you will continue to pay interest only.
- Request a loan disbursement for the spring semester. You can do this between 1 February and 30 June inclusive, if you signed a student loan agreement in the autumn of the current academic year and have an outstanding loan balance.*
* Final year students can apply 5 days before their graduation date.
- You can submit the request remotely (e-signature required) by contacting us via the Internet Bank. You can also submit your request at a bank branch (registration required).
- If the educational institution determines that the tuition fee for the semester in question must be paid before the semester starts (before 1 February), please submit a certificate from the educational institution with the request confirming this.
- Please note that the second part of the study loan for the spring semester can only be paid if:
- you have signed a student loan agreement for the disbursement of funds for both semesters in the autumn of the current academic year;
- you submit a timely request to us for the second part of the loan;
- you have no arrears on your existing loans.
If you decide to temporarily suspend your studies, please make sure you inform us by sending us a message in the Internet Bank or contact the branch. Be aware that during academic leave, there is no payment of the student loan for living expenses and no payment of the loan for the cost of studies. Repayment of the loan does not start, in which case you will continue to pay interest only. If the interest is reimbursed by the state, you have to pay the interest yourself when you suspend your studies. When you return from the academic leave, make sure you let us know so that we can reinstate the state-reimbursed interest (if applicable).
If you decide to withdraw your studies, please make sure to inform us of the change in your study status by sending us a message in the Internet Bank or contact the branch. After you stop your studies, you shall pay interest for 12 months on the loan you have actually taken out and not repaid, after which you will start repaying the loan in monthly instalments according to the schedule.
The loan for living expenses is paid in equal installments, once a month, but no longer than 1 July or the end of studies (if they end earlier). Payments are suspended when studies are suspended or withdrawn. Also, payments are not paid if you have overdue payments.
The PIT relief applies only to loans for tuition fees and only to the returned part of the loan credit, while PIT relief does not apply to other types of loans and interest paid. If you are currently not repaying the loan for the cost of studies, then you will not find information about the paid instalments in the certificate.
Please also note that the tax benefit can only be used by a permanent resident of Lithuania – this certificate is not issued for non-residents. For all tax matters, we recommend that you consult the STI.
