Organization : SEB Bank
Facility : Apply for Student Loan
Country : Estonia
Website : http://www.seb.ee/eng/loan-and-leasing/small-loans/student-loan#terms-and-conditions
Get Student Loan :
Loan for payment of study-related expenses
** Loan with state guarantee for school or university students
Related : Apply for Youth Plan Estonia SEB Bank : www.statusin.org/27625.html
** Finance you studies in Estonia or abroad
** Low interest
Student loan can be used to pay tuition fees, purchase a computer or cover living costs.
How to Apply :
Applying for a student loan for the first time :
** You can sign the student loan agreement at any SEB branch or in SEB’s Internet Bank using your ID card.
** Ask your surety providers to sign surety agreements at a branch or in SEB’s Internet Bank at least to the extent of the student loan you apply for in the current academic year, or advisably for a larger amount so you don’t have to renew the sureties every year.
If the salaries of your surety providers are not paid to accounts in SEB, we ask the surety providers to bring their salary certificates for the last three months or documents evidencing the existence of other regular and documented income, and fill in a student loan surety application (EST).
** If you offer property as collateral, then everything will be set up in the bank with the help of a Private Client Executive.
** The student loan is paid into your account in SEB after the bank is satisfied that you have met all the conditions required to obtain the loan.
** A member of our staff will inform you of the need to submit additional documents if the loan or surety agreement has been entered into in SEB’s Internet Bank.
** You will get the loan from 1 October (if you’re a first-year student) or 15 September (if you’re no longer a first-year student).
Applying for a student loan for the second or more times :
** If you have taken out a student loan before, but the additional amount of the student loan is not automatically paid to your current account (e.g. you have refused to receive new loan amounts automatically),
we ask you to submit a student loan application to your nearest SEB branch or in SEB’s Internet Bank (link to application).
** Please note! The student loan amount for a new academic year is never automatically transferred to students who study abroad.
** Students who study abroad : Please submit the certificate issued by your school stating your study programme, form of study, whether you are a full-time or part-time student, the start of your studies, the standard period of study and the ISCED (International Standard Classification of Education) code.
You have to submit an attested translation of the certificate if it is not issued in Estonian, English or Russian. You also have to fill in the application for a foreign educational institution’s certificate (EST).
** As a rule, submitting a new application and renewing surety agreements is sufficient to obtain additional student loan amounts.
** You have to deal with collateral and surety providers when you’re not applying for a student loan for the first time only if previous sureties or collateral are not sufficient to apply for a new loan amount or if you want to change your surety providers/collateral when taking out a new loan amount.
** The student loan is paid into your account in SEB after the bank is satisfied that you have met all the conditions required to obtain the loan. You will get the loan from 1 October (if you’re a first-year student) or 15 September (if you’re no longer a first-year student).
** If you do not want the bank to pay out the loan amount to you automatically, you have to submit an application for refusal of automatic student loan payments in the Internet Bank or at any SEB branch by 12 September at the latest.
** It is possible to receive the student loan every academic year until 1 June (inclusive).
Important Instruction :
Borrower’s checklist and further information for the student loan applicant
Taking a loan is an important decision, one that involves risks. We would like to help you in making an informed decision.
When applying for a loan you should do your homework :
** consider what you need the loan for and how much you need, as well as your sources for repayment of the loan;
** submit truthful and adequate information to us;
** clarify the costs involved in borrowing;
** consider the possibility that your financial situation may deteriorate and that you must also be able to repay the loan even if this happens;
** carefully examine all loan documents (agreement, information sheet, etc.) before signing;
** there are no unsolvable problems and situations, simply different possibilities – we are your partner, whom you should contact well in advance if you ever encounter problems with repaying the loan.
You have the right to request information regarding our lending terms and to receive explanations before concluding the loan agreement as well as during its term. In case you have any questions, please contact us via the general contacts for SEB Pank.