Association of MBAs and NatWest close loan scheme

NatWest Bank has closed the MBA loan scheme it ran in conjunction with the London-based Association of MBAs. Under the scheme, students attending MBA programmes accredited by the association could apply for preferential loans from NatWest.

However students wishing to study with the Open University Business School can elects to spread their payments with an OUSBA (Open University Student Budget Account) loan.

OUSBA will pay course fees on behalf of the student allowing the student to either repay the loan in full before their course begins without incurring any interest charges or repay OUSBA in monthly instalment spread over the term of your course.

The number of instalments depends on the length of the course and the interest rate is variable but is currently 0.4167% a month or 5% a year (5.12% APR).