Student loans

Studying for a degree can drain your resources. We can support you with our special student terms.

Special terms for our student customers

  • You can take out a computer loan
  • We can offer you a student overdraft
  • You can apply for a graduate loan when you graduate

Computer loan

We can help you buy the tools you need to study. Our computer loan is specifically designed to suit student circumstances. You need to be 18 or over to apply. Students under the age of 18 can ask their legal guardian to apply.

Main benefits

  • Non-indexed loan designed for student circumstances
  • No loan, stamp or repayment fees
  • Maximum amount of ISK 300,000 for anything up to 36 months
  • Easy application process

How does it work?

  1. You choose a computer to suit your needs and then visit one of our branches to apply for the loan.
  2. The amount is transferred to your debit account so that you can pay for your purchase.
  3. You can use our computer loan calculator to see possible payment plans.


These terms are only offered to Íslandsbánki's student customers. Customers must prove their student status before applying for a loan.

Student Loans

We can offer you several solutions to make student life easier.


An overdraft can make all the difference when you need to bridge the gap. Our customer advisors will help you to plan your monthly finances.

Foreign currency student loan

We offer a foreign currency maintenance loan to students studying abroad. The loan can be anything up to 100% of the loan schedule issued by Lín (the Icelandic Student Loan Fund) and is dependent on interest rates. The loan is paid out in the currency stipulated in the loan schedule.

Supplementary student loan

Student loan customers, successfully studying at the advanced level, can also apply for a supplementary student loan. However, if you apply for a graduate loan later on, then the total amount of the supplementary loan will be deducted from the graduate loan.

Main benefits:

  • A loan schedule from Lín will give you access to our maintenance loan
  • The loan can be anything up to 100% of the loan schedule issued by Lín
  • A loan specifically designed for your needs
  • Interest is paid on the withdrawn amount

Graduate loan

Graduate students can apply for a graduate loan of anything up to ISK 1.5 million.

The loan is offered under the terms and conditions set out by Íslandsbánki. The loan period can be anything up to 7 years and we offer you the option of paying interest only for the first two years.

Main benefits:

  • Non-indexed loan
  • Anything up to ISK 1.5 million
  • A loan period of anything up to 7 years
  • You can pay interest only for the first two years

How do I apply?

You can apply for a graduate loan at any of our branches. Contact one of our customer advisors for more information.