01.08.2025
LHV has begun accepting student loan applications for the new academic year. LHV continues to offer the best student loan conditions on the market: interest is 1.95% plus 6-month EURIBOR and the maximum loan amount is EUR 6,000 per academic year. Both the conclusion of the agreement and early repayment of the loan are free of charge. Once the loan agreement has been concluded, LHV will transfer the loan amount to the student’s account as of 15 September.
The student loan helps the student cover various expenses related to studies, from living expenses to tuition fees, both in Estonia and abroad.
According to Catlin Vatsel, Head of Retail Banking Financing at LHV, education is one of the most important investments in a person’s life. ‘We wish to offer students the freedom to focus on their studies without having to worry about finances. This is why we are once again taking the opportunity to offer the best conditions on the market this year: the student loan interest rate at LHV is 1.95%, plus 6-month Euribor. When taking a loan, one guarantor is sufficient and a loan of up to EUR 6,000 can be taken per academic year instead of the previous EUR 3,000,’ explained Vatsel.
Linking the interest rate to the Euribor means that the interest rate on a student loan is currently 1.95% + 2.05%, i.e. 4%. Should the Euribor rise in the future and the total interest exceed 5%, the rest will be paid by the state, i.e., for the student, the maximum interest on the loan will still be 5%. The bank reviews the Euribor every six (6) months and its change is reflected in the loan payment.
During the studies, the student only makes interest payments, which are automatically debited from the account by the bank in November of each year. The student will start repaying the principal part of loan at the latest 12–18 months after graduation from the educational establishment, unless the student has continued their studies during that period. The repayment schedule is drawn up for a period equal to twice the nominal period of study, e.g. in case of three (3) years of study, for six (6) years.
You can apply for a student loan at LHV in the mobile app or in the Internet bank. To apply, one guarantor of at least 18 years of age is required, whose income is sufficient to pay both his or her current obligations and the student loan to be guaranteed.
When transferring a valid student loan agreement to LHV Pank, the process is the same: you need to start by filling in the loan application.
Nearly all of LHV’s daily banking services are free of charge for LHV Youth Bank clients, along with discounts and purchase insurance accompanying their free bank card. For clients up to 26 years of age, opening and managing a Growth Account at LHV is free of charge, to help simplify the first steps taken by young people in the world of investing.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the end of June 2025, LHV Pank services are being used by 474,000 clients, the pension funds managed by LHV have 110,000 active clients, and LHV Kindlustus protects a total of 176,000 clients. LHV Bank, a subsidiary of the Group, holds a banking licence in the United Kingdom. LHV Bank provides banking services to international fintech companies and grants loans to small and medium-sized enterprises.
The student loan is offered by AS LHV Pank. Always think through your loan decision carefully. Review the terms and conditions at lhv.ee/oppelaen and ask for advice from our specialist. The initial annual percentage rate of charge is 5.127% under the following example terms: the loan amount is EUR 6,000, the interest is 6-month Euribor + 1.95% per annum (5% in total), contract fee EUR 0, the loan period is 112 months, of which the first 40 months fall under a grace period for the principal. The total amount to be repaid is EUR 7,946,55, with payment taking place in the form of monthly annuity payments. If property serves as the security for the student loan, an insurance contract on the security must be concluded in order to receive the loan. The rate does not include the expenses related to establishing and insuring the security.
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