Loan for students, advantages and disadvantages

A student loan can be a good option for the student who needs money. For a regular loan from the bank you must have an income. A special loan for students, the student has an advantage over people who are not creditworthy enough and therefore cannot get a loan from the bank. The student can get a loan because the bank wants the student as a future customer. What are the advantages and disadvantages of a student loan (student credit)?

Loan for students?

A student loan is provided by banks with the aim of binding the students who borrow to the bank in the future. A student is expected to receive a reasonable income when he completes his studies. And the bank likes that. And the bank thinks further: in the future, after taking out a student loan, the student may not only take out another loan, but also a high mortgage for an expensive home. The bank wants to bind the students through a student loan because the bank expects to be able to earn from the student in the future. So banks offer student loans and student loans.

Student loan conditions

To be eligible for a student loan, you must live in the Netherlands, receive a basic grant, have no debt(s) and be over 18 years old. If you do not meet the conditions so that you are not eligible for the student loan, this does not mean the end of the exercise. You can ask your parent(s) whether they are willing to become a co-contractor so that you still receive the loan.

Student loan features

  • Credit usually up to 6000 euros
  • Deferred interest payment
  • No repayment obligation during studies
  • Can be converted into revolving credit after study time
  • Reasonable interest rate

More financial space

The student loan therefore makes it unnecessary for students to be short on cash. More than half of students actually appear to have a student loan. Students have a basic grant that is part of their student finance, which means that students have a minimum wage. The grant, which is actually a loan, is waived if the student completes his or her studies within a number of years. The student can also take out an additional loan to supplement the basic grant. In that case, the student will receive a supplementary grant. It is also possible to take out a loan from the IB group (interest rate: just under 3%). The student loan, also called student credit, must only be repaid by the student after studies.

Is repaying a student loan a problem?

The loan gives the student the opportunity to have sufficient money. And since students find a good job after studying, repaying the loan will not pose any problems. Borrowing as a student is possible with a lower interest rate from most student loan providers. On the Internet you can compare different student loans, such as the loan from the IB Group with student loans from the banks. As a student you can get a master’s loan at This master loan provides large credit space and a relatively low interest rate.

Advantages and disadvantages of the student loan


  • Interest-only during studies
  • Lower interest rate
  • Cheaper overdraft than on a regular account
  • Complete your studies without financial worries


  • You already have debt burdens at an early stage in your life and you have to pay them off after your studies
  • The repayment must usually be made within a certain period
  • Interest is low, but student loans can still result in losses. Compare student loans carefully