State-guaranteed loans for students
Dear students, do you already know the answer of the Lithuanian State Studies Foundation regarding a loan? If you received a positive reply, visit Nordea for a consultation concerning the loan conditions.
It’s worth applying for a Nordea loan because:
- You will receive an answer regarding the grant of a loan within 1 day;
- You will be able to choose the currency of your loan: the litas or the euro;
- We will guarantee you a very beneficial interest rate;
- At your request, we will include you in the Youth programme, because we believe that the beneficial everyday banking rates of the programme will be of use to you.
Who may apply for a state-guaranteed loan?
Students who applied to the Lithuanian State Studies Foundation (www.vsf.lt) regarding a privileged loan and received a positive reply.
What are the loans granted by Nordea intended for?
- Payment of study fees;
- Payment of living costs;
- Studies according to international (interdepartmental) agreements.
How will loans be paid?
- Loans intended for payment of study fees will be transferred to the bank account of the educational establishment in two instalments: the first instalment will be transferred within 3 days after the relevant agreements are signed, and the second instalment will be transferred by 30 of July of the relevant year.
- Loans intended for payment of living costs will be transferred in equal monthly instalments to the student’s bank account.
- Loans granted for part-time studies under international agreements will be transferred in one instalment to the student’s bank account within 3 days after the relevant agreements are signed.
How and when does a loan have to be repaid?
During studies and for 12 months after completion of studies, students may choose not to repay their loans, in which case only interest will need to be paid. If the Lithuanian State Studies Foundation reimburses the interest, students will not have to pay anything during the corresponding period.
After the end of the period of studies and 12 months after completion of, termination of, or withdrawal from studies, students must start repaying loans and paying interest. Loans may be repaid within 15 years.
At a student’s request, a loan may be repaid before the due date without paying any additional fees.
For more information, please contact our consultants at any Nordea branch office or call 1554.