OREANDA-NEWS. August 30, 2011. It is now possible to conclude student loan contracts in SEB’s Internet Bank and branches. The maximum student loan amount for the 2011/2012 academic year is EUR 1917.35 and it can be applied for in instalments, based on the actual needs, reported the press-centre of SEB.

“The student loan terms and conditions have not changed. We are now stressing more emphatically to loan applicants that the student loan is a financial liability accompanied by risks. Although the loan repayment begins only after the completion of studies, the student must now carefully consider his/her future solvency in this context. We recommend taking out the student loan only if the money is really needed,” said Eerika Vaikmae-Koit, SEB’s Head of Retail Banking. “The student loan is for financing studies. For extracurricular projects we recommend choosing the SEB scholarship instead, for which you will be able to apply on SEB’s Facebook page very soon.”

SEB will transfer the loan amount to the accounts of first-year students from 1 October and other students from 15 September, provided that the terms and conditions for receipt of the student loan have been complied with. Borrowers who have entered into student loan agreements before, but do not want the bank to transfer the loan amount for this year to their accounts or want to take out their loans in parts, should notify the bank thereof by not later than 12 September. The relevant application can be submitted in the Internet Bank, by post or taken to any SEB branch.
These are SEB’s offers for students: www.seb.ee/noored.