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Student loan

The signing of the contracts will take place between 20 March 2024 and 17 April 2024.

You know where? We know how!

Got accepted where you wished to study? Apply for a student loan and get the funds you need.

  • You can borrow not only for tuition fees, but also for living expenses or part-time studies abroad.
  • During studies, the interest on the loan for the cost of studies can be paid from state funds.
  • Repayment of the loan will only begin one year after the original date of the end of studies specified in the contract.

For those with a loan signed in autumn 2023, applications for the second tranche of the loan for the spring semester tuition fee can be submitted until 30 June.

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  • Eur
  • 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.

Typical example

If you were to take out a loan of EUR 3,000 for one academic year, when the duration of the credit agreement is 20 years (of which 5 years are a grace period and 15 years are the loan repayment term), with an annual interest rate of 6.432%, 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 32.75), the annual percentage rate of charge (APR) would be 7.21%, and the total amount paid by the recipient would be EUR 5 660.04.

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.

Interest during the course of your studies may be reimbursed by the state, so the total amount you pay could change.

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 3300 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 4400 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.

  1. Apply to the National Study Fund within the timeframe specified on the Fund's website Valstybės remiamos paskolos - Valstybinis studijų fondas (lrv.lt). Apply by logging into the Fund's information system IS PASKOLA or the Electronic Government Gateway.
  2. Check if your application has been approved – find out if you have been added to the list of loan recipients by logging into the Fund's information system.
  3. 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.

Interest and fees

  • Student loans are subject to a variable interest rate: 3-month EURIBOR* plus a margin of 2.5%.
  • Agreement administration fee – EUR 0.00.
  • Fee for repayment of the loan earlier than the term specified in the agreement – EUR 0.00.
  • You must also have a Swedbank account, which is subject to the bank charges effective at the date of the loan agreement.

* EURIBOR interest rate is the interest rate on the European interbank market, expressed as an annual rate. EURIBOR is determined, administered and published by the European Money Markets Institute (EMMI) or another officially designated organisation. If the EURIBOR is negative, it shall be considered to be zero.

The loan term consists of:

  • grace period;
  • a 15-year repayment term.

Grace period

  • Lasts until the initial graduation date stipulated in the contract and 24 months thereafter.
  • During the grace period, the loan is subject to monthly interest payments on the amount actually disbursed and not repaid.
  • During the period of studies, the interest can be paid from public funds. In case of suspension of studies or during academic holidays, you would have to pay the interest. When you apply for a loan from the Foundation, tick the box next to the item that you wish to apply for the interest during your studies.
  • After the initial graduation date stipulated in the contract (or if you withdraw/graduate before this date), you will only pay monthly interest on the amount of the loan actually disbursed and outstanding for the next 24 months.

Loan repayment term

  • Starting 24 months after the original graduation date or the end of studies (after the grace period).
  • Repayment term consists of monthly instalments consisting of interest on the amount of the loan actually disbursed and not repaid, plus the repayment of the loan instalment.
  • The loan has a maturity of 15 years. However, if you were over 65 at the end of the term, the term would be correspondingly shorter (until your 65th birthday).
  • Repayment is made on a straight-line basis - the repayment instalment will be the same each month (the instalment is calculated by dividing the amount of the loan granted by the repayment term), and the interest paid and the total amount of the repayment will decrease each month.
  • The due date for the payment of the loan and interest to the bank is the 30th of each month (February is the last day of the month).

Important! Make sure you have enough money in your bank account in advance to make the payment.

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 24-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.

  1. 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.
  2. 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).
  3. 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.
  4. 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 24 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.

A credit card can be useful for borrowing small amounts for a short period of time.

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This bank programme is designed for schoolchildren and students, where regular banking is a lot more fun and interesting!

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