MCB Bank Pakistan

Banao Apna Mustaqbil With MCB Student Personal Loan!

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 in and has provided admission acceptance to LUMS. Confirmation of finalized admission must be provided by LUMS in writing.

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

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

Tenure

Maximum loan repayment tenor shall be 7 years from the date the loan becomes repayable including grace period of 6 months for all programs.

Pricing

The pricing of all the programs will be 6M KIBOR only.

Loan Amount

Maximum PKR 1 million only

So what are you waiting for?

Apply Now

For Further details, dial 111-000-622 for Call Center and/or you may also dial 042-35987979 for our Consumer Helpdesk.

Note:All loans shall be processed and approved as per MCB Bank Limited sole discretion in accordance with regulations and Bank’s approved policies and procedures.

*Terms and conditions apply

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Banao Apna Mustaqbil With MCB Student Personal Loan!

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