Getting a loan

Who's eligible? International, home and EU students on full-time MBA, full-time or part-time Masters in Finance, Sloan Fellowship, Executive MBA and EMBA-Global programmes. Applicants must live in the UK for the duration of the course.

How much can I borrow? Up to £50,000, however the bank requires all students to provide personal financial cntribution to incurred educational costs. Students can apply for the cost of tuition fees only. A loan for living costs will only be considered in exceptional circumstances. All lending decisions are at the discretion of HSBC Bank and are largely based on student's pre-school income and financial soundness.

How much will it cost? Interest is variable over the duration of the loan and is 4.50% above the Bank of England sterling base rate (check the rate at http://www.bankofengland.co.uk/). You'll be given a written quotation and detailed terms and conditions before accepting the loan. All successful applicants will be charged an HSBC-London Business School administration fee of 1% (min £250) of the agreed loan amount.

What is the repayment period? Up to seven years. There are no penalties for early repayment. Repayments normally start six months after the completion of the course.

Find out more Download full information on the HSBC-London Business School Loan Scheme (download PDF 50KB)

How to apply Students can access the HSBC loan application form through Portal, the school's internal website, after paying the commitment fee.

Who's eligible? The Association of MBAs runs a loan scheme which is administered by NatWest Bank. To apply to borrow the money you need, you must:

• be 18 years old or over
• have been a permanent UK resident for a period of at least three years right up to when your study is due to start  
• have a place on an MBA programme accredited by the Association of MBAs 
• have at least five years' practical work experience within industry or commerce, or two years' work experience if you're a graduate.

How to apply To request an application form, call the NatWest Bank information line FREEPHONE 0800 200 400 (from outside the UK: +44 20 7390 2532).

Find out more Contact The Association of MBAs, 25 Hosier Lane, London EC1A 9LQ, UK. Call +44 (0) 20 7246 2686 or email info@mba.org.uk

• The Association of MBAs loan scheme

Who's eligible? To qualify for a Career Development Loan, you must usually be an EU national resident in England, Scotland or Wales, with an unlimited right to remain in the United Kingdom (UK).

Find out more Further details are available at www.lifelonglearning.co.uk/cdl/

Who's eligible? To be eligible you must be:

• enrolled at least half time in an approved school such as London Business School
  
• a US citizen or national, or a permanent resident without conditions and with proper evidence of eligibility.

How to apply Please view the following documents for detailed information about how to apply: Direct Stafford Loan (download PDF 64KB) and Direct Plus Loan (download PDF 68KB).

Find out more http://www.studentaid.ed.gov/

Some loan schemes are restricted to a country or global region:

• The Americas (PDF document, 72kb)
• Asia and the Middle East (PDF document, 41kb)
• Europe and Uk (PDF document, 72kb)

Note: African countries, Australia and New Zealand have no national loan schemes. Students from these countries should contact their local banks and government offices for more information.

Take care

If you're considering applying for a loan, look carefully at the repayment commitment asked of you. Lenders ordinarily base their decisions and subsequent loan amounts on students' income and repayment capacity. Most lenders require some personal contribution and will provide a loan for part of your course costs only. Funding is not guaranteed as decisions are discretionary.