Executive MBA

Women's Scholarship

LUMS is committed to making education accessible to talented students from diverse backgrounds. The Women’s Scholarship supports this mission by offering a pathway for high-achieving women to pursue advanced degree programmes, helping to bridge gender gaps in business education and leadership. Beyond financial assistance, recipients join a network of mentors and peers, fostering collaboration, professional growth, and a shared vision for future leaders.

The aim of Women's Scholarship is to foster, celebrate and advance women’s leadership in business. By tapping highly talented young women, we hope to contribute towards building the future of not only their families but also their communities. This scholarship will support female candidates to pursue higher education on merit and will increase the number of women joining the Graduate Programmes of the Business School. 50% tuition fee waiver will be awarded to women admitted on high merit under the SDSB Women's Scholarship initiative.

This Scholarship will groom female managers and leaders of business; dramatically changing the managerial landscape of Pakistan. As these women assume leadership roles in organisations across the country, there will be a change in the culture of these organisations.

Note: In case an applicant qualifies for both Financial Aid award and Women scholarship, only one award will be given.

MCB - Student Personal Loan

LUMS has entered into an agreement with MCB Bank Limited through which MCB Bank provides commercial loans to students.

The commercial loan facility is pivotal for students who are currently financially unable to afford the cost of tuition and living facilities. This is one of the first ventures of its kind in Pakistan and demonstrates LUMS' commitment towards providing equal educational opportunities to its students.

All loans are subject to the Bank’s internal approvals and MCB Bank reserves the right to approve/disapprove a loan based on its internal assessment. In case a loan is not approved, students will be required to provide the total fees and expenses of the education themselves.

Click here for the MCB Loan Term Sheet

Age 

Minimum 21 years and maximum 45 years at the time of loan approval. 

General Criteria 

1. Pakistani nationals only. 
2. At least 50% marks (or equivalent) in the last public examination (i.e. other than admission tests, e.g. GMAT, SAT, LMAT, etc.). 

Debt-Equity Ratio

• Maximum 80:20 of admissible educational program cost (such as 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). 
• Any amount that is refundable by LUMS to the student later on is not covered under the Student Loan program 

Loan Amount 

Subject to regulatory and internal Bank requirements: 

1. Maximum PKR one million. 
2. In accordance with the schedule of fee payment, the above amount shall be disbursed over a maximum of 4 tranches/modules 
3. The drawdowns for the loans will be based on 2 drawdowns/ academic year. 
4. Each tranche disbursement would be subject to Bank’s review as per its requirement.
5.  Disbursement shall be made directly to LUMS on account of the student. 

Loan Tenor and grace period 

Installment repayments will commence six months after the completion of study period (up to 30 months). 
Total tenor of repayment of the loan (post education period) to not exceed 7 years, including the grace period. 

Mark-up Rate 

1. Markup rate of this facility is: Six-month KIBOR + 0%. 
2. This rate shall then undergo subsequent resetting on a six-monthly basis on the first working day of every January and July. 
3. Mark-up accrual shall begin from the day of first disbursement as per the above rates and shall continue on the outstanding principal till the entire repayment of the loan. 

Partial / Full Early Payments

No pre-payment charges apply on partial or full prepayments. 

Processing Fee 

1. One time non-refundable processing fee as set by the Bank only at the time of processing of the initial application. 
2. Any applicable taxes / levies shall be recoverable from the customer / student / borrower. 

Minimum guarantees and securities/ collateral 

1. Personal Guarantee of Parents / Guardian and/or any third party for each loan. At least one Guarantor should be Parent and at least one guarantor should have source and means of income. 
2. For each loan, assignment of all future incomes of the student to the Bank to the extent of the former’s liability to the latter. In accordance with SBP regulations, loans shall be collateralized through any security /collateral as determined by the Bank for each loan and borrower. 

Documentation 

1. Application Form (pertinent to the relevant tranche) duly signed by the student and parents / guardian and/or third party guarantor(s) (as the case may be) including signed-stamped by concerned LUMS officials.
2. CNIC or SNIC Copies of the Student and parent(s) / guardian(s) and/or any third party guarantor(s) as the case may be. 
   • CF-1 Form / SBP Undertaking. 
   • One-time activity of opening non-checking collection / repayment account. 
3. Required legal documentation to be signed by the student & parent / guardian and/or any third party guarantor(s) as the case may be and with regards to various collaterals / securities. 
4. Any other document as per MCB’s requirement

Other Terms and Conditions 

• Student is not allowed to apply for any sort of loan from any financial institution / bank, without seeking prior permission from MCB until the first installment of the MCB Student Loan has been paid. 
• If a student gets overseas employment, then his entire remaining personal loan and associated amounts shall become payable immediately to MCB. 
• Apart from the above, in cases where the student fails to complete the program due to any reason, or drops out due to unsatisfactory academic performance or otherwise, or commits an act of moral turpitude or crime, the entire loan and associated amounts will become repayable immediately. 
• The entire loan and associated amounts will also become repayable immediately if, at any stage, any mis-representation or concealment of facts comes to the Bank’s knowledge. 
• Bank reserves the right to demand immediate payment of all outstanding amounts associated with the student loan at any time it deems appropriate. 
• In accordance with applicable laws and regulations, Bank reserves the right to take all measures and explore all options (which may include but may not be limited to litigation) for collection / recovery of all outstanding amounts associated with the loan from the student / borrower / guarantor(s) and any available collaterals / securities in case of nonpayment / default and/or any non-fulfillment of contractual obligations by student / borrower / guarantor(s)

‘MCB Bank shall continue to disburse Rs. 500,000/- to the EMBA borrower student on annual basis. The E-MBA borrower student shall be eligible for availing SPL financing during the course of Module 2, 3, 4 and 5, subject to the condition that financing for each module shall not exceed Rs. 250,000/- and satisfactory progress reports.’