Student Loan Offered by MCB

Often students who are in need of financial assistance are looking forward to a better option for a loan grant from a Bank. Student loan offered by MCB is a convenient option for all students who want to avail of a loan to meet their Educational expenses to complete their Studies.

This product has been developed to offer financial assistance to students enrolled in Higher Education Programs. Currently, MCB Bank has formed a partnership with Lahore University of Management Sciences (LUMS) and is offering Student Personal Loans to all MBA and Executive MBA students of the University.

Age

Minimum 21 years and maximum 45 years at the time of loan/first trance approval

General Criteria

Generally, the student meeting the following criteria shall be eligible for the loan:-

  • Be a Pakistani National.
  • Has got at least 50% marks (or equivalent) in the last public examination (i.e. other than admission tests, e.g. GMAT, SAT, LMAT, etc.) The same must be confirmed by LUMS in writing.
  • Must have a valid admission and have provided admission acceptance to LUMS. Confirmation of finalized admission must be provided by LUMS in writing.

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Maximum 80:20 of only Admission, Registration, Tuition, On-Campus Residence, and any other part/head/item of the fees that are payable in advance by the student to LUMS.

For more details please visit: https://www.mcb.com.pk/

Moreover, the loan shall not cover any amount that is refundable to the student later on.

Loan Amount

Maximum PKR 1 million only.

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