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Short term loans

Limited cash loans of up to £250 are available to students experiencing delays in receiving their usual funding.

If your normal funding (e.g. maintenance loan, scholarship, or stipend etc.) has been delayed, you may apply for a short term loan. These interest-free loans are available for up to £250 and are usually repayable after one month. 

Eligibility

To qualify for a short term loan you must:

  • Be fully enrolled on a full-time or part-time programme at UCL (students on time-limited enrolment are not normally eligible*).
  • Have commenced or recommenced your programme of study for the current academic year.
  • Be experiencing a delay in your usual funding and be able to provide proof.
  • Have exhausted all other emergency funding options, such as asking family for help or using an overdraft facility.
  • Not have received a previous loan from Student Funding Office during the same academic year.
  • Have repaid any prior loans from previous years within the agreed one-month repayment period without any defaults.
  • Not owe UCL money for tuition, accommodation fees at the time of the request

*Exceptions may apply if you are an undergraduate student awaiting confirmation of your Tuition Fee Loan from Student Finance.


How to apply

Submit your application via askUCL. Attach a completed copy of the Short Term Loan Questionnaire to your enquiry.

 

The deadline to apply for the term two loan is Tuesday, 15 April 2025.


Loan payment

Payment is made via bank transfer to UK bank accounts only. Please note: Once your loan has been approved, it will then take 7 working days for you to receive payment.  

Students on Study Abroad programmes can also enquire about a loan by submitting an enquiry through askUCL.

Repaying your loan

Repayment is usually expected within 4 weeks. Instructions will be emailed to you.

If you cannot repay the loan by the agreed deadline, contact the Student Funding team through askUCL.