Student loans

The period for signing the new student loan agreements at the bank has ended. The period for signing the new student loan agreements at the bank has ended. For information on the new application deadlines, please visit the website of the Valstybinis studijų fondas.
Applications for paying of the second part of the student loan for the spring semester of 2023 are accepted from 1 February until 30 June. More

You know where? We know how!

Got accepted where you wished to study? Apply for a student loan and get funds for tuition fees, part-time study abroad or living expenses.

Low interest rate and no contract fee.
No additional fees will be applied for early repayment of the loan.
You will start repaying the loan only one year after your studies end.
The loan will have to be repaid within a period of 15 years.
After receiving a loan for living expenses, we will automatically pay you the agreed amount every month.

Please note, that by using our financing services you are making a financial commitment. Failure to meet your financial obligations may have a negative impact on your credit history, make borrowing more expensive and may lead to enforced recovery.

Preliminary monthly payment
Eur
Loan repayments start date
Repayment term
15years

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 by phone +370 5 268 4444 or 1884.

Typical example

If you were to take out a tuition fee loan of EUR 2,000 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 5.392%, paying the minimum daily service fee set by the Bank (EUR 1 per month), and making monthly instalments according to the linear method (first monthly instalment of EUR 20.11), the annual percentage rate of charge (APR) would be 6.48%, and the total amount paid by the recipient would be EUR 3 538.54.

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.

It is not necessary to go to a bank to conclude a loan agreement. Complete and submit the online loan application and, once you have received a positive answer, you can sign the contract online.

Signing period for the new student loan agreements at the bank is from 22 March until 19 April 2023.

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 for a loan or payment at the set time (all dates are published on the State Studies Foundation website).

Apply for a loan at the time indicated on the State Studies Foundation website www.vsf.lt.
Check on www.vsf.lt whether the State Studies Foundation has added you to the list of loan recipients.
If you find yourself on the list, contact us to sign the loan agreement.

When you go to the bank to sign a new loan agreement or to apply for your spring semester payment, make sure you bring:

Your passport or ID card;
In cases where the loan agreement is signed by the student’s authorised person, the latter is also required to bring a notarised power of attorney to sign the agreement.
a completed application form for a new loan (you can also fill in the application form at the bank);

Documents for download:

The loan is subject to a variable interest rate: Euribor 3 months and a 2.9% 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.

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.