MBA Loans are hard to come by in Europe, and post-2008 crises, Banks have been extremely cautious. In 2012, the situation worsened in UK after Citibank pulled out of their Citi Assist loan program. Under such hostile environment, a Santander MBA loan is a relief. The loan funds up to £20,000.
Network
Top Business Schools in 2013-14 that are the beneficiary of the Santander Universities Partner Institutions loan or scholarship program include:
1) Ashridge Business School
2) Cass Business School
3) Cranfield and
4) Oxford Said
Rate of Interest
For Oxford Said, The Santander Universities Global Division is supporting MBA students with personal loans of up to £20,000. This is for students joining the Sep 2014 program. The Loan terms range from 12 to 60 months
Loan Range: £1,000 - £7,499 (Interest 12.5% APR)
Loan Range: £7,500 - £20,000 (Interest 10% APR)
Criteria
• Qualified to Stay in UK during studies (Verified by UK Border Agency) or Permanent Residency
• Loan Application accepted only if Santander Group has banking presence in the applicant's host country
Note: Santander Group has a presence in:
• Spain
• Brazil
• Portugal
• United Kingdom
• USA
• Mexico
• Chile
• Argentina
• Germany
• Poland
• Peru
• Puerto Rico
• Uruguay
Scholarships
Ashridge Business School has partnered with Santander Universities for the annual MBA scholarships. Each year, Santander Scholarships are offered based on the nationality of the applicant.
This year, the nationalities covered include:
• Argentina
• Brazil
• Chile
• Colombia
• Mexico
• Peru
• Puerto Rico
• Uruguay
• Venezuela
• Spain
• Portugal
• USA
• UK
• Russia
• China and
• Singapore
For Cranfield School of Management, Santander Universities is offering four awards of £7,000 each towards the tuition fees. The scholarship is for MBA candidates pursuing full-time MBA program with a post-MBA goal of joining Financial Services leadership roles.
Amount: £7,000 towards the tuition fees
Number of Scholarships: 4
Criteria
1) Interest in Financial Services
2) Nationals from Argentina, Brazil, Chile, China, Colombia, Germany, Mexico, Peru, Poland, Portugal, Puerto Rico, Russia, Singapore, Spain, United Kingdom, Uruguay, USA and Venezuela.
Cass Business School is offering up to ten scholarships of £5,000 each.
Amount: £5,000
Number of Scholarships: Ten
Criteria
1) Demonstrate Financial Need
2) Demonstrate Academic Excellence
3) MBA Candidate should be from the following nationalities:
• Argentina
• Bolivia
• Brazil
• Chile
• Colombia
• Costa Rica
• Cuba
• Dominican Republic
• Ecuador
• El Salvador
• Guatemala
• Honduras
• Mexico
• Nicaragua
• Panama
• Paraguay
• Peru
• Portugal
• Puerto Rico
• Spain
• Uruguay
• Venezuela