Student loan repayment

Student loan repayment begins in about two years’ time after the expiry of the student financial aid. Read our tips for the repayment of student loan.

The flexible student loan is an excellent choice for financing your everyday student life as you will only begin its repayment after graduation. You do not have to worry about paying interest during the studies, either. However, when you take a student loan, you should also prepare for its eventual repayment. These tips cover the essential details about repayment.

Student loan repayment in a nutshell

  • Repayment usually begins in two years’ time after the expiry of the student financial aid but you can start repaying it earlier if you want.
  • After graduation you’ll get a repayment plan for your student loan that is designed for your life situation and payment capacity.
  • Student loans are amortised in variable annuities, which means that the instalment changes when the loan interest rate changes but the loan term stays the same.
  • Student loans are amortised once a month. The instalment is debited directly from the loan management account you have indicated.
  • Loan instalments include the loan principal repayment, accrued interests and charges.

Interests are added to the loan principal during your studies

Interest accrues on your student loan during the time you draw down the loan to your account. These interests are added, or capitalised, to your loan principal and you do not have to pay any interest during your studies. Because of the capitalisation of interests, you will pay them only after you have graduated, when you amortise the loan principal.

  • Interests due on your student loan are capitalised during the semesters you receive student financial aid.
  • Capitalisation of interests takes place twice a year, on 15 June and December. After your last student financial aid term, they will be capitalised for one more term. For example, if you receive student financial aid in May for the last time, interest on your student loan will still be added to the principal in December.

Flexibility for student loan repayment

Your loan repayment schedule can be made more flexible if, for example, you do not find a suitable job right after graduation, are unemployed for an extended period or live on social assistance. Sudden changes in life, too, can affect your repayment capacity. If you have any doubts about your ability to repay the loan, contact the OP cooperative bank that granted the loan as early as possible.


The student loan is granted by an OP cooperative bank.