{"type":"document","data":{"id":"7dd9ddff-21e7-406e-b1fe-03a2000ec4f2","localeString":"en-GB","publishDate":"2026-03-25T15:27:28.341+01:00","contentType":"onecms:productPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"As of 7 April 2014, student credit can no longer be applied for."},"mainHeaderZone":{"componentType":"productHeader","legalBanner":{"image":{"transformBaseUrl":"https://assets.ing.com/transform/bfc47636-d002-461a-b209-589beaaa7596/Group-7","type":"image","width":46,"original":"https://assets.ing.com/m/3f5c0b274ee863ed/original/Group-7.svg","extension":"svg"},"body":"Let op! Geld lenen kost geld","headerBannerType":"headerBannerType","componentStyle":"default"},"coreHeader":{"body":"As of 7 April 2014, it is no longer possible to apply for or increase a student credit. You can also no longer withdraw money from it. Once you have fully repaid your outstanding balance, we will close your student credit.","headerImage":{"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,"altTextFR":"\"\"","altTextDE":"\"\"","original":"https://assets.ing.com/m/5b028cab1ec8a4ae/original/Teenage-girl-desperately-looks-at-her-textbooks-while-sitting-on-the-floor-in-school.jpg","extension":"jpg"},"title":"Student credit: cancel and repayment"},"backLink":{"textLink":{"url":"/en/personal/loans/use-my-loan/more-about-ing-overdraft","text":"More about ING overdraft"}}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"How does the student credit work?"},{"componentType":"paragraph","richBody":{"value":"<ul><li>You agreed with us on the maximum amount you can borrow: this ranges between €1,000 and €5,000. This is your total credit limit.</li><li>Making extra <a href=\"http://mijn.ing.nl/banking/loans/details\">repayments </a>is always penalty‑free. </li><li>Student credit has no fixed term. After you repay an amount, you can withdraw it again.</li><li><p>Want to withdraw money? Then transfer an amount to your student or current account, up to the agreed credit limit. You choose how much you <a href=\"http://mijn.ing.nl/banking/loans/details\">withdraw</a>.<br />Note<strong>:</strong> When you withdraw money, your borrowed amount increases, and so does the interest you must pay.</p></li><li>As long as you receive student finance and have had the student credit for less than 6 years, you do not pay interest or repayments.<br />Important<strong>:</strong> We do already calculate interest on your outstanding balance.</li><li>If you no longer receive student finance or you have had your student credit for 6 years, we block your student credit. You can no longer withdraw money, and the loan will be terminated once there is no outstanding balance.</li><li>Only one year after the block you start paying a fixed monthly amount of interest and repayments until the loan is fully repaid. The monthly instalment is always € 20 (for a € 1.000 credit), € 50 (for a € 2.500 credit) or € 100 (for a € 5.000 credit). Once you have fully repaid your outstanding balance, we terminate your student credit.</li><li>We collect the instalment automatically from your student or current account on the last working day of the month.</li><li>As of 1 June 2023, student credit has a fixed annual interest rate of 6.7%.</li><li>Clear overview: in My ING (internet banking) you can see exactly how much you borrow and repay.</li><li>Student credit includes <a data-type=\"internal\" href=\"/en/personal/loans/information-about-borrowing/what-is-death-risk-cover\">death risk coverage</a>.</li></ul>"},"textLinks":[{"text":"More information about using your student credit"}]},{"componentType":"sectionTitle","title":"Early repayment? Save hundreds of euros"},{"componentType":"paragraph","richBody":{"value":"<p>You can repay early and it’s smart to do so! The loan becomes cheaper. You pay less interest and become debt‑free sooner. That feels good.</p><p><strong>An example:</strong></p><p>Suppose you have a Student Credit of €2,500, fully withdrawn. After 6 years, or if you no longer receive student finance, we block your loan and you can no longer withdraw. One year after the block, you start repaying. If you start repaying<strong> </strong>immediately at the moment of the block, you could save almost <strong>€550 </strong>in interest costs. The earlier you start repaying, the more you save. You can also make a one‑time partial repayment.</p>"},"textLinks":[{"text":"Eenmalig een extra aflossing doen?"}]},{"componentType":"sectionTitle","title":"Cancel your student credit"},{"componentType":"paragraph","richBody":{"value":"<p>No longer want to use your student credit at all? You can always cancel your student credit penalty‑free. This can be done easily via <a href=\"http://mijn.ing.nl/banking/overview\">My ING</a>.</p>"},"textLinks":[{"url":"/en/personal/loans/use-my-loan/change-loan","text":"More information about cancelling"}]},{"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>"}},{"componentType":"linkList","iconTitle":{"title":"Do you still have questions?"},"textLinks":[{"url":"/en/personal/customer-service","text":"Frequently asked questions"}]},{"componentType":"linkList","iconTitle":{"title":"Loans"}},{"componentType":"linkList","iconTitle":{"title":"Loans"},"textLinks":[{"url":"/en/personal/loans/what-does-borrowing-cost","text":"What does borrowing cost?"},{"url":"/en/personal/loans/how-much-money-can-i-borrow","text":"How much can I borrow?"},{"url":"https://mijn.ing.nl/banking/loans/personal-loan-apply","text":"Apply for a loan"},{"url":"/en/personal/loans/rates","text":"Current interest rates"}]}]}}}