Daka student loan
Interest-free student loan from the Studierendenwerke
The Student Services Loan Fund (Daka) supports students at universities in North Rhine-Westphalia with an interest-free loan of up to €12,000.00 and stays abroad with up to €6,000.00 – regardless of their nationality.
The prerequisite is that you can prove that you need financial support. You must also name a person who will guarantee the loan to ensure repayment.
Amount and disbursement of the loan
- Up to €12,000.00 to finance your studies
- Up to € 6,000.00 for stays abroad
- Flexible monthly payment (up to € 1,000 per month)
Administrative costs and repayment
- Repayment is made in monthly installments of at least €150
- The administrative costs amount to 5% of the loan amount
- There are no further costs for regular repayments
Apply for a Daka loan
If you would like to apply for the Daka loan, you can do so easily online. Prepare all the necessary documents and take advantage of the opportunity to secure your studies financially.
Frequently asked questions about the Daka student loan
Who can receive the Daka loan?
The Daka loan is available to all students at universities in North Rhine-Westphalia, regardless of their nationality. You must be able to prove that you need financial support and nominate a person to guarantee the loan.
How much is the Daka loan and how is it paid out?
You can receive up to €12,000.00 to finance your studies. Up to €6,000.00 is available for stays abroad. Payments are made monthly, whereby you can flexibly choose up to €1,000 per month.
What costs are incurred when applying for and repaying the Daka loan?
Administrative costs of 5% of the loan amount are incurred. There are no further costs for regular repayments. The loan is repaid in monthly installments of at least € 150.
When and how do I have to repay the Daka loan?
Repayment of the Daka loan begins after the end of your studies. You repay the loan in monthly installments of at least €150. Repayment is interest-free.
Can I also use the Daka loan for a stay abroad?
Yes, the Daka loan can also be used to finance stays abroad. You can apply for up to €6,000.00 for this.
What documents do I need for the application?
To apply for the Daka loan, you will need proof of your financial situation as well as the contact details of a person who will guarantee the loan. Further documents may be required depending on your individual situation.
How do I apply for the Daka loan?
You can simply apply for the Daka loan online. Complete the application, submit the required documents and you will receive feedback on how to proceed.