London Institute of Banking and Finance Scholarship/ Student Loans 2022/2023
The London Institute of Banking and Finance Fees Masters Scholarship Programme/Student Loans 2022/2023 Application Form are out register here. We are delighted to inform you about 2022/2023 The London Institute of Banking & Finance Scholarship/Loans. Get started below:
This post contains about 2022/2023 The London Institute of Banking and Finance Fees Masters Scholarship Programme, how to apply successfully online and requirements involves.
The scholarships we offer for Masters Students, and student loans. Students from any country can apply for 2022/2023 London Institute of Banking & Finance Scholarship/ Student Loans
The Global Masters Scholarship
Five scholarships each worth £2,000 for self-funded overseas students from any country.
Alumni Scholarship
All of our degree graduates receives a scholarship of £1,500. This cost has already been deducted in the above fees table.
Requirements/Criteria for The London Institute of Banking & Finance Scholarship/ Student Loans
- You must indicate for which scholarship you wish to apply on the programme application form.
- If you are applying for the Global Masters Scholarship, you are required to indicate within your application personal statement how you believe Masters study will support your understanding of international banking and finance.
- Scholarships are not available towards the staged awards of the PG Certificate or PG Diploma.
- Only one scholarship per recipient is available.
- Only applicants who have received an offer of admission (conditional or unconditional) on the closing date will be considered by the panel.
- All scholarship decisions will be made and notified to successful recipients after the admissions closing date.
How to apply/register for London Institute of Banking & Finance Scholarship
Apply through Application Registration Form Link Portal Here
For more information visit Official website
Steps below will assist you further:
- Download and complete the electronic programme application form. Download Here
- Provide certified copies of your qualification certificates and academic transcripts. (You are not required to include these for any qualifications awarded by or in partnership with us.)
- If English is not your first language, include the appropriate certified evidence that you meet the entry criteria.
- Write a personal statement (approximately 500-600 words). Tell us why you have chosen to apply for this Masters, what you hope to gain from it and how you would contribute to the learning group. Include all the information you feel is relevant to help us assess your suitability for the programme.
- Provide two independent references in support of your application. Your referees must be able to comment on any academic or professional experience relevant to the qualification and your ability to undertake the proposed course of study. One reference must be supplied by your current or most recent financial services employer. References written by family members will not be accepted. You should ensure that the references are submitted by the deadline stated; we will not be responsible for following up references not received.
- Supply certified proof of identity e.g. a copy of your passport, photo driving licence or EU National Identity Card.
- Email all documentation in support of your application, together with a scanned copy of your signed application form, directly to masters@libf.ac.uk or email us if you have any questions.
Please note better: Copies of all original documents submitted in support of your application must be certified (i.e. signed, dated and, if appropriate, bearing a company stamp) by an individual of professional standing e.g. your employer, doctor, lawyer, university lecturer etc.
Available Scholarships in 2022
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2022/2023 Edinburgh Global Undergraduates Mathematics Scholarships Application Form
Apply now for 2022/2023 Federal Government Scholarship Awards Application Form
5 Types of Personal Loans
Co-Sign – When the borrower has bad or no credit and needs someone else to be liable in case they do not pay.
Fixed-Rate – The interest rate remains the same during the course of the repayment period.
Secured – The borrower is required to put collateral down in case of default. Often the collateral is a vehicle or a 2nd mortgage put on a home.
Unsecured – The borrower is not required to place collateral as part of the loan agreement. Although, if the borrower does not pay their personal assets may still be confiscated legally.
Variable Rate – When the interest rate is tied to a third-party such as the current Fed Funds Rate.
Important Provisions
This lending contract must include several key provisions:
Loan Amount ($)
Loan Date
Borrower and Lender Information
Interest Rate
Re-Payment Terms
Late Fees (if any)
Default Terms (if the borrower doesn’t pay)
Early Payment Penalty (if any)
Security (collateral)
Law of Governance (State)
Co-Signer (if any)
Assigning Rights
Personal Loan vs. Line of Credit
The main difference is the personal loan must be paid back on a certain date and a line of credit offers revolving access to money with no end date.
Difference Personal Loan Line of Credit
Payment Period Specific start and end dates. Revolving, no end date.
Collateral Required? No, in most cases. Yes, in most cases.
Interest Rate Fixed, in most cases. Variable, in most cases.
Personal Loan vs. Standard Loan
Unlike business or auto loans whose terms prescribe how funds may be spent, personal loan money may be used for any purpose by the borrower.
Since personal loans are more flexible, not tied to a particular purchase or purpose, they are often unsecured. This means that the debt is not tied to any real assets, unlike a home mortgage is to the house or car loan is to the vehicle. If a personal loan is to be secured with collateral, it should be specifically mentioned in the agreement.