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Study loan

You know where! We know how.

Apply for a state-guaranteed study loan and student loan and learn new knowledge in a field that interests you.

  • No guarantee by private individual required
  • You can apply for both the study loan and the student loan
  • You can fill out the application when you've been enrolled at a Latvian higher education institution in an accredited and licenced study programme
Fill out the application Take a look at some tips for choosing the right study area for you
Please choose at least one purpose of the loan

Borrow responsibly by fairly assessing your loan repayment capabilities.

Study loan

  • 0 EUR
  • 10 years

Student loan

  • 0 EUR
  • 10 years
Fill out the application

Fill out an application after enrolling in a higher education institution in Latvia.

Study loan meant for covering tuition fees at accredited higher education establishments ("tertiary institutions") in Latvia.

If you're matriculated at a Latvian higher education institution in an accredited and licenced study programme and have signed a contract with the educational establishment, apply for a state-guaranteed study loan:

  • The loan can be applied for by students enrolled in both full-time and part-time study programmes.
  • Guarantee by a private individual is not required
  • The amount of the study loan will not exceed the higher education institution's tuition fee
  • Can be granted for acquiring one study programme at a time
  • The loan amount is transferred to the account of the educational establishment two times a year

The guarantee (state surety) is provided by the financial institution ALTUM.

Applicable Cabinet Regulations No. 231
Neither the principal amount, nor interest are payable during studies (including breaks from studies lasting up to 731 day) and for 11 months after completion of studies.

Student loan meant for covering the day-to-day needs of the student.

If you're matriculated at a Latvian higher education institution in an accredited and licenced study programme and have signed a contract with the educational establishment, apply for a state-guaranteed student loan:

  • The loan can be applied for by students enrolled in both full-time and part-time study programmes.
  • Guarantee by a private individual is not required
  • The amount to be made available per month will not exceed 80% of the minimum monthly salary in force in the country, hence the amount disbursed per month under contracts concluded in 2020 will not exceed 344 euros
  • Only one student loan may be granted during acquisition of one study programme at a time
  • Student loan transferred to the borrower's bank account 10 months a year (except July and August) on a monthly basis (on the 15th date)

The guarantee (state surety) is provided by the financial institution ALTUM.

Applicable Cabinet Regulations No. 231
Only interest on the loan is payable during studies if the break from studies has not been longer than 731 day.
  • The loan must be repaid within 10 years as from the day of starting repayment of the loan if the loan amount does not exceed 20,000 EUR on the first day of repayment of the loan. If the loan amount is more than EUR 20,000 upon starting repayment of the loan, then the loan is repayable within 15 years as from commencement of loan repayment.
  • Repayment of the loan is due from the 12th month after the completion of studies or from the 3rd month after discontinuation of studies.
  • Payment of interest on the loan is due from the 12th month after the completion of studies or from the next month after discontinuation of studies.
  • Payment of interest on the student loan is due from the next month after receiving the first portion of the loan amount.
  • Monthly payments for the loan are debited automatically from the specified Swedbank account.
  • Loan disbursement stops during break from studies.
  • Loan disbursement is resumed after break from studies if the borrower continues the studies and the break does not exceed 731 calendar day and the borrower's application to resume loan disbursement is received.
  • If the break from studies exceeds 731 calendar day but the student has not been deregistered ("exmatriculated") without a diploma, the borrower will have to start paying interest on the study loan and start repaying the principal amount of the study loan and student loan from the next calendar month after the 732nd day arrives.

After enrolling at a higher education institution, fill out an application via Internet Banking or book a visit to a branch office.

  1. After receiving your application, we will verify the information provided by the school on the State Education Information System. The time necessary to obtain this information depends on the information updates provided by the school and this can take up to 10 days.
  2. After receiving the loan application, we will evaluate your credit history and solvency.
  3. We will notify our decision over the phone and will arrange the next steps.
  4. The agreement can be signed via Internet Banking or at branch.
  5. We will transfer money to the educational establishment after signing the study loan agreement.

Now you can focus all your attention on studies!

  • Sign a contract with your school and obtain a reference regarding your enrolment

If you're not a Swedbank customer yet, you can become our customer already in advance so as to speed up the agreement conclusion process.

Before signing your contract with the higher education institution, carefully read the terms and conditions of the study contract to avoid incurring unexpected expenses in case we're unable to grant you the loan.

  • The interest rate is 3.5% per annum + 6-month Euribor but not less than 0%
  • No loan document processing fee
  • You are free to choose the repayment date from 1st to 28th date of the month
  • You are at least 18 years of age.
  • You have good credit history - if you have experience with loan commitments and the existing payments (incl. loan payments) are made without delays.
  • You may not have any commitments or indebtedness which, in the opinion of the credit institution, could make it difficult for you as a student to assume obligations or repay the loan.
  • According to the Cabinet Regulations, information about studies is checked in the State Education Information System (VIIS).

The loan is available to citizens and non-citizens of Latvia, as well as EU/EEA citizens and permanent inhabitants of the European Community holding a valid residence permit for studying in study programmes of accredited and licenced higher education institutions of Latvia - for bachelor, master, doctor degree and first level professional higher education programme students.

If the borrower gets the status of an unemployed person, the principal repayments on both the study loan and the student loan are deferred for the time of unemployment but not more than 12 months.

If the borrower consecutively continues studying in an accredited programme, deferral of repayment of the study loan principal is continued (provided that the break between studies does not exceed 11 months).

All in all, the repayment commencement period for all study loans may not exceed 10 years from the moment of concluding the first agreement for a study loan guaranteed by ALTUM guarantee.

If a child is born (including adoption of a child) to the borrower during studies or after graduation from higher education institution, the state will repay 30% of the outstanding balance of the borrower's student loan as of the date of submitting the borrower's loan discharge application for each child after the borrower has completed the studies. If both parents are borrowers, the condition applies to both parents.

Contacts

Useful links

What should one know when submitting student references?

A student reference is a document submitted by the student to the bank in order to substantiate amendments necessary in the loan agreement, such as postponement of loan repayment for a set period of time.

Student references must contain the following details:

  • The full name and registration number of the organization issuing the reference (higher education establishment / company)
  • Document preparation date
  • Document author's signature and the name printed
  • Student identification data - forename, surname, identity number (for references issued abroad - forename, surname, birth data)
  • Organization's stamp (not mandatory for references issued abroad)

Student references may be submitted in the following ways:

Electronically:

  1. By e-mailing the scanned original of the student reference to open@swedbank.lv or info@swedbank.lv the document must be easily legible;
  2. By sending the bank a message on the Internet Banking site about the changes required in the Study Loan Agreement.

At branch:

  1. Amendments application
  2. Original student reference