Education loan

The education loan is really a loan that is government-guaranteed you have to pay off. If Kela offers you that loan guarantee you can apply for that loan at a bank of your option.

Since the loan is assured by Kela there is no need to hold just about any safety. The mortgage guarantee is valid for approximately three decades through the very first disbursement of loan funds.

The attention payable in the loan therefore the payment schedule are agreed between both you and the lender.


You will get federal federal government guarantee for an educatonal loan if you should be being compensated a report grant by Kela or a grownup training allowance by the Employment Fund. Research grant is regarded as to suggest other types of research grant compared to the allowance that is supplementary the acquisition of research materials.

Also you may qualify for a loan guarantee in the following situations if you are not paid a study grant:

  • You may be 18 or 19 years old, you reside with a parent, you’re in top education that is secondary and also you cannot get a research grant because of parental earnings. That loan guarantee can, nevertheless, be provided.
    • You cannot get a loan guarantee if you are under 17 and live with a parent.
  • You may be under 17 rather than coping with a moms and dad, and you’re not entitled to other types of research grant because son or daughter benefit is purchased you. You will be eligible to a federal federal government guarantee in the event the moms and dads’ blended income is not as much as EUR 64,400 each year.
  • If you pursue a Bachelor’s level in army sciences during the nationwide Defence University or if you pursue the basic program in a single component for edge guards during the Border and Coast Guard Academy or perhaps the first an element of the fundamental program in 2 parts for edge guards, a loan guarantee could be provided, you cannot get a research grant as you get daily allowance for the amount of research from your own college. Various other situations that loan guarantee can only just be provided in the event that you get a study grant or a grownup training allowance.

When is financing moneytree guarantee unavailable?

You simply cannot get that loan guarantee for those who have past education loan debt that is being gathered by Kela.

In case your previous education loan is being gathered by Kela, and you consequently are rejected that loan guarantee, you might make an application for it once more by attracting exemplary reasons. This means a statement must be provided by you to Kela concerning the reasons. The educational funding choice includes directions for supplying a declaration. In the event that reasons you put down into the declaration are accepted, you will definitely get a loan guarantee decision that is favourable. If they are perhaps maybe not accepted, your choice shall be unfavourable.

Federal federal Government guarantees for student education loans are not open to pupils serving a phrase of imprisonment.

Social help is a kind of last-resort support that is financial

You are able to submit an application for fundamental assistance that is social Kela if all your valuable profits and assets along with other social safety benefits you will probably have been awarded aren’t adequate to pay for your necessary everyday bills, such as for example meals and housing.