Apply for a season ticket loan (this is my first application)

You can apply for a loan to cover the cost of an annual season ticket for your journey from work to home. The loan is interest-free and will only cover public transport. 

Before you start

You can apply for a travel season ticket loan if:

  • you're a UCL staff member 
  • your employment contract or external funding does not end before the ticket expiry date (a minimum of 12 months), and
  • you earn enough to cover the monthly loan payment 

You'll need:

  • a login for the MyFinance system
  • the bank account that you need the loan to be paid into already set up in MyFinance as a 'Reimbursement Account'.

If you don't have a MyFinance login please follow the instructions at MyFinance Setup: New staff member, temp or contractor.

1. Gather the relevant documentation

Make sure you have the relevant supporting documents so that you can complete the next steps. 

2. Log into MyFinance

Log into MyFinance using your UCL login details. 

3. Create an expense claim

You’ll need to create an expense to apply for the loan.

4. Fill in an expense claim line

You should now be on the ‘Create an Expense Claim: Claim Lines’ screen.

5. Review your claim

You should now be on the ‘Create Expense Claim: Review’ screen.

6. Getting paid

You'll hear the outcome of your application within 5 working days.