{"type":"document","data":{"contentType":"onecms:productPage","flexPageMetadata":{"afmBanner":false,"description":"As of 7 April 2014, student credit can no longer be applied for.","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"How does the Student Credit work?"},{"componentType":"paragraph","richBody":{"value":"<ul><li><span><span><span>You agreed with us on how much you can borrow: this ranges between €1.000 and €5.000. This is your total credit limit.</span></span></span></li><li><span><span><span>You can always make extra repayments without any penalty.</span></span></span></li><li><span><span><span>The Student Credit has no fixed term. After repaying an amount, you can withdraw it again.</span></span></span></li><li><span><span><span>As long as you receive student finance and have had the Student Credit for less than 6 years, you do not pay interest or make repayments. Important: we do already calculate interest on your outstanding balance.</span></span></span></li><li><span><span><span>If you no longer receive student finance or you have had the Student Credit for 6 years, we will block your credit. You can no longer withdraw funds, and the loan will be terminated once there is no outstanding balance.</span></span></span></li><li><span><span><span>You only start paying a fixed monthly amount for interest and repayment one year after your credit is blocked, until the loan is fully repaid. The monthly installment is always €20 (for a €1.000 credit), €50 (for a €2.500 credit) or €100 (for a €5.000 credit). Once your outstanding balance has been fully repaid, we will terminate your Student Credit.</span></span></span></li><li><span><span><span>We automatically debit the monthly installment from your Student Account or current account on the last working day of the month.</span></span></span></li><li><span><span><span>Since June 1st 2023, a fixed annual interest rate of 6,7% applies to the Student Credit.</span></span></span></li><li><span><span><span>Clear overview: in My ING (online banking), you can see exactly how much you have borrowed and repaid.</span></span></span></li></ul>"}},{"componentType":"sectionTitle","title":"Repay earlier? Save hundreds of euros"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span>Repaying earlier is always possible and often smart. It reduces the total cost of your loan. You will pay less interest and become debt-free sooner.</span></span></span></p><p><span><span><span><strong>Example:</strong><br />Suppose you have a Student Credit of €2.500 that you have fully used. After 6 years, or when you no longer receive student finance, we block your credit and you can no longer withdraw funds. One year later, you start repaying.<br />If you start making monthly repayments immediately at the moment of the block, you can save almost €550 in interest costs. The earlier you start repaying, the greater your savings. You can also make a one-off (partial) repayment.</span></span></span></p>"}},{"componentType":"sectionTitle","title":"Terminate Student Credit"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span>Do you no longer want to use your Student Credit at all? You can terminate it at any time without penalty. This can be done easily via </span></span></span><a href=\"http://mijn.ing.nl/banking/overview\">My ING</a>.</p>"}},{"componentType":"sectionTitle","title":"Downloads & information"},{"componentType":"paragraph","richBody":{"value":"<p><a href=\"https://assets.ing.com/m/14975479fc588908/original/New-ING-Voorwaarden-Studentenkrediet.pdf\">Terms and conditions student credit (pdf)</a></p>"}}]},"hasMacro":false,"id":"7dd9ddff-21e7-406e-b1fe-03a2000ec4f2","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Borrowing money","url":"/en/personal/loans"}},"componentType":"productHeader","coreHeader":{"body":"As of 7 April 2014, the Student Credit can no longer be applied for or increased. It is also no longer possible to withdraw money from it. Once you have fully repaid your outstanding debt, we will terminate your Student Credit.","headerImage":{"altTextDE":"\"\"","altTextFR":"\"\"","extension":"jpg","original":"https://assets.ing.com/m/5b028cab1ec8a4ae/original/Teenage-girl-desperately-looks-at-her-textbooks-while-sitting-on-the-floor-in-school.jpg","transformBaseUrl":"https://assets.ing.com/transform/391d060f-b0f7-44c7-a372-771b52839b9e/Teenage-girl-desperately-looks-at-her-textbooks-while-sitting-on-the-floor-in-school","type":"image","width":5700},"title":"Student Credit: repayment and termination"},"legalBanner":{"body":"Let op! Geld lenen kost geld","componentStyle":"default","headerBannerType":"headerBannerType","image":{"extension":"svg","original":"https://assets.ing.com/m/3f5c0b274ee863ed/original/Group-7.svg","transformBaseUrl":"https://assets.ing.com/transform/bfc47636-d002-461a-b209-589beaaa7596/Group-7","type":"image","width":46}}},"publishDate":"2026-07-01T12:03:18.644+02:00"}}