The Top Advantages and Disadvantages of SU Loan


Being a student can be tough and challenging. Besides having to study, finish assignments, and meet and get to know people from all walks of life, you also have to think about your finances, as you will need money for school fees and daily living. Thankfully, in Denmark, students can apply for an SU Loan, a popular financing option in the country.

Understanding SU Loans

An SU Loan is an attractive proposition for students struggling to meet their financial obligations while studying. If you are unaware of these loans, here are some facts to help you out:

  • The state provides the loan
  • Just while students are studying, they can avail SU Loan.
  • SU Loan is of three types – normal, extended, and final loans.
  • This student loan is free while the student is studying. Hence, they do not have to worry about interest and repayment of the loan amount.

Compared to all other loans that students can avail of in Denmark, SU Loan is among the cheapest options.

Types of SU Loans

You should know which SU Loan is the right one for you. So, without much ado, here are the three different types:

  • Normal SU Loan: Any student can apply for this type of loan. The maximum loan amount that a student can get each month is DKr3,166.
  • Extended SU Loan: Parents can apply for this SU Loan, and a student can borrow a maximum of DKr1,559 + DKr3,116. This loan has two components – one for daily living expenses and the other for education funding.
  • Final SU Loan: Once students reach the last year of their program, they can apply for this SU Loan. As the name suggests, it is the final loan that they can apply for. Students can get a maximum of DKr8,039 per month.

Here are some of the pros and cons of SU Loans that you should be aware of before you apply for it.

Advantages of SU Loan

  • Cheap Loan: SU Loan is one of the cheapest loans in the Danish loan market. It is cheaper than quick and consumer loans. It is best to compare the interest of SU Loans and other types of loans to determine which borrowing option is the right one for you.
  • Flexible Loan: Students can decide which months they want to receive the funding. Many students opt to get the loan amount during the holiday season when they have more personal expenses.
  • No Repayment While Studying: Students can focus on their education without worrying about repaying the loan. Hence, they do not have to set aside monthly money to repay this student loan.
  • Easy Loan Administration: The application process can be done online via the official SU Loan website. The site allows applicants to customize the payments based on their requirements and handle other aspects of the loan.


  • Lengthy Application Process: Students should be prepared for the long application and approval process. It does take time to get approved for SU Loan as the sheer number of students applying is high.
  • Repayment is Mandatory: Even though the loan is cheap, you must begin repayment within a year of completing your education. The loan has to be repaid within 15 years of completing education. Hence, it can be challenging to repay the amount if you do not get the right job after graduation.

While SU Loans are a popular choice for students in Denmark, several other options exist. You can always opt for quick loans that get disbursed within a couple of days and do not require a lengthy approval process. The application process occurs online, so you can expect quick approval once you submit the required documentation.

Understanding the advantages and disadvantages of SU Loans is essential and then making an informed decision.

About Kristian ole

Kristian is from Denmark but now lives in Thailand. As a foreigner in another country, he knows the need to get a good start, especially in finance, such as taking out loans, buying a car, and finding the best internet at a reasonable price.

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