LBS partners Union Bank on student loan scheme

MBA students of Lagos Business School can now pay part or all of their tuition with ease following the school’s partnership with Union Bank to make loan facilities available to them with flexible repayment options.

The loan facility, accessible to the school’s MBA, Executive MBA and Modular Executive MBA students at any stage in the course of their respective programmes, is repayable over a 4-year period at an attractive interest rate.

To qualify for the scheme, interested students would need to have salaries domiciled with Union Bank, run businesses profiled/approved by the bank or have parents/wards with Union Bank accounts.

The loans will be provided with no collateral.

Uchenna Uzo, MBA director, LBS, said the loan finance deal was part of efforts to encourage students experiencing financial challenges to get the prestigious LBS MBA without hassle.

“This is just one among several other financing options that LBS is currently working on to help our students succeed in the increasingly complex local and global business environment, with finance being the least of their worries,” he said.

“Having access to affordable student loans is a key driver in encouraging postgraduate studies globally, and Union Bank is proud to be providing this critical financing support to MBA candidates at LBS, said Dayo Bankole-Hameed, head, retail credit, Union Bank.

Lagos Business School is located in Nigeria’s commercial and industrial hub, Lagos.  The school was established in 1991, and is committed to teaching management with a humanistic approach, delivering general management education to high potential professionals, across all levels in organisations, in a wide range of industry sectors.

Source : BusinessDay

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