Lagos Business School Union Bank offers collateral-free study loans to LBS students

Union Bank has partnered with theLagos Business School(LBS) to provide study loan facilities to students of the institution.

According to an announcement of the LBS website, the collateral-free loans are accessible to the School's MBA, Executive MBA and Modular Executive MBA students.

The loan is repayable over a 4-year period at an attractive interest rate.

LBS MBA Director, DrUchenna Uzo, said the loan finance deal was organized to help students with financial challenges 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," Uzo 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,” saidDayo Bankole-Hameed, Union Bank Head, Retail Credit.

Student Pulse gathered that 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, to qualify for the scheme.