Student support loans

Once a loan pledge from the Icelandic Student Loan Fund (LÍN) has been granted, Arion Bank Students receive support loan through the Bank for up to 100% of the scheduled loan offering from the Student Loan Fund. You receive the Student Loan Fund loan as a loan to your account but pay much lower interest that an overdraft loan.

  • The loan offering is arranged at the beginning of the academic year, as is the payment schedule
  • Your credit is taken into consideration when evaluating your application for a support loan.

How do I apply?

You can open a student maintenance account at your local branch and then simply apply for a maintenance loan for each semester via online banking. You can apply for up to a 100% student maintenance loan for each semester.

Your credit history is taken into consideration when you apply.