Work, Business, Finance - Loans for individuals - Student and education loans - State-guaranteed student loan

A state-guaranteed student loan is a smart and secure solution for financing higher education. This type of loan is backed by the Latvian government, meaning there’s no need for collateral or a guarantor, and repayment terms are designed to match the needs of students.

Key Benefits:

Guaranteed by the state – no collateral or guarantor required

Low interest rates

Repayment begins after graduation

Funds can be used for tuition and daily expenses

Flexible repayment options

Who is eligible for a state-guaranteed student loan?

The loan is available to:

Latvian citizens and permanent residents

Students enrolled in accredited higher education programs

Individuals with good academic standing and a clean credit history

How to apply for a state-guaranteed student loan?

Choose a participating bank (e.g., SEB, Swedbank)

Apply online through the selected bank's portal

Submit the required documents (student ID, enrollment confirmation, etc.)

Sign the contract and receive the funds

Frequently Asked Questions

Is a guarantor or collateral required?

No, the loan is secured by a state guarantee.

When does repayment start?

Repayment typically begins 6–12 months after graduation.

Can I postpone repayment?

Yes, repayment can be deferred in certain circumstances such as unemployment or medical issues.

Can I also get a loan for living expenses?

Yes, a separate state-guaranteed loan for daily expenses is also available.

Can I repay the loan early?

Yes, early repayment is possible at no additional cost.