|Collateral on the Loan||
As collateral on the loan can be:
A guarantee is not required if:
|Criteria for Guarantors||
Issues to be considered:
|Period of Loan Repayment||
The borrower shall repay loans exceeding the total amount of EUR 1,423 to the credit institution within 10 years.
The borrower shall repay loans that do not exceed the total amount of EUR 1,423 to the credit institution within 5 years.
|Interest rate on the loan||The interest rate depends on the year the loan agreement was concluded. Detailed information on the interest rates (LAT) of study and student loans.|
|Academic leave of absence||
During the academic leave of absence the bank suspends the payment of the loan sum to the student. In order to apply for an academic leave of absence, the student must first apply to their higher educational establishment for approval. After approval from the higher educational establishment which informs SEB bank on the granting of the academic leave of absence, the student must go to the nearest branch of SEB bank and fill out a form.
SEB banka shall renew the payment of the loan sum to the student only after the receipt of information on the termination of the academic leave of absence from the educational institution.
|Repayment of the principal sum after studies||
The repayment of the principal sum and interest shall commence only in the 12th month after graduation.
If the student terminates studies prior to graduation, the repayment of the principal sum must be commenced starting from 3rd month.
Detailed information on the interest rates (LAT) of study and student loans.
|Study Loan||Student Loan|
|Twice per year, by the transfer of the sum to the account of the higher educational institution.||
Monthly (except for July and August), by the transfer of the sum to the account of the student held with SEB bank.
|Repayment of the loan during studies||The principal sum and interest on the loan do not have to be paid during the studies (including study breaks) or for 11 months after the graduation.||During the studies the borrower must repay only the interest on the loan by applying the interest rate (LAT) of the credit institution auctioned during the year when the loan agreement was concluded.|
|Loan repayment incentives||
|Repayment of the loan before maturity||Free of charge|
|Preparing additional copies of the agreement and/or schedule||3.00 EUR|
|Changes to the loan agreement on the customer's initiative1||15.00 EUR|
1 The commission fee must be paid on the day the agreement or amendments are signed.