Loan scheme information
As a student at London Business School, you may be eligible to apply for a loan to help finance your studies.
Students applying for a loan should be aware of the repayment commitments the loan will generate. Lenders ordinarily base their decisions and subsequent loan amounts on students' income and repayment capacity. Please be advised that most lenders require student personal contribution and provide loans for the part of the course costs only. Funding is not guaranteed as decisions are discretionary.
General Loan Schemes (not country specific)
The Americas (download PDF 36KB)
Asia and the Middle East (download 24KB)
Unfortunately, African countires, Australia and New Zealand have no national loan schemes, therefore students from these countries are advised to contact their local banks and government offices for more information. Alternatively, you can apply for general loan schemes detailed below.
General loan schemes
The loan schemes outlined below are available to interntional, 'home' and EU students.
The HSBC Bank - London Business School loan scheme
Who's eligible? Students on full-time MBA, full-time or part-time Masters in Finance, Sloan Fellowship, Executive MBA, EMBA-Global and PhD are eligible to apply. All students applying for the loan must live in the UK for the duration of the course (e.g. students studying EMBA or EMBA-Global living outside UK will not qualify).
How much can I borrow? The maximum eligible loan amount is £50,000. Students can apply for the cost of their tuition fees and, for full time students only, living costs for each year of the programme of up to £10,000 or two thirds of the most recent 12 months net salary. The decision to approve or decline a loan application, and the amount of any loan agreed, is entirely at the discretion of HSBC Bank. The banks decision is mainly 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 2.75% above the Bank of England sterling base rate (http://www.bankofengland.co.uk/). Students will 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% of the agreed loan amount.
What is the repayment period? The maximum repayment period is seven years and there are no penalties for early repayment. Repayments normally start six months after the completion of the course.
Full information on the HSBC-London Business School Loan Scheme (download PDF 50KB)
Students can access the HSBC loan application form through Portal (school's internal website) only after paying the commitment fee. The application form is available in 'pre-arrival'.
