Are you a brand new student? Read our directions for student loan functions.
Are you an present student? You want to use for a student loan out of your bank every educational yr. Note! If you’re persevering with your research and have already drawn down student loan, you need to apply for further to the loan. For extra data, learn the part “Continuing your studies? Apply for extra” on this web page.
1. Remember to get a loan assure first from Kela
To apply for a student loan, you want Kela’s legitimate student loan assure. University students obtain this assure choice routinely along with their student grant choice. If you’re in secondary schooling, apply for a loan assure from KELA utilizing a separate kind when making use of for a examine grant and housing complement. We suggest making use of for the loan assure for all the interval of research in a single go.
When the loan assure choice has been made, your bank will get this data instantly from Kela.
2. Apply for a student loan on-line
- OP’s prospects: The most handy option to apply for a student loan is by logging into op.fi. When you file the appliance on-line, you’ll routinely obtain the loan choice through this service.
- Other prospects: You can apply for a loan on op.fi even if you’re not OP’s buyer. File the appliance with out logging in and we’ll name you inside 1–3 banking days. If the appliance is authorized, we ask you to go to the agreed OP cooperative bank department to finalise your student loan utility.
If you’re a minor, you’ll be able to apply for a student loan at an OP cooperative bank department with the consent out of your dad and mom/guardians.
3. Loan is on the market for drawdown on the following banking day
After your utility has been authorized, the student loan shall be out there for drawdown generally on the following enterprise day already. If you may have chosen computerized drawdown based on the student monetary support choice, the cash shall be out there in your account on the primary attainable fee date.
Note! If the primary drawdown date falls on a weekend or bank vacation, the loan may be transferred to your account in apply on the following day banks are open, i.e. on the following banking day.
New loans are topic to an origination payment, which is deducted from the primary drawdown quantity. Owner-customers get the loan with no origination payment by submitting the appliance on-line.