IMD MBA : Request for loan to fund living expenses

This is me

Nick name
Ruchi_ IMD MBA - Need a loan for living expenses for 6 months
Age
35 years
Highest education
IMD Lausanne

This is my Credit Motivation

Hi everyone,

I am an Indian who is pursuing an amazing MBA at IMD Lausanne, this was a miracle MBA for me as it happened out of the blue :) I would love your support in making this MBA a huge success.

I would like to take a loan to fund my living expenses during my IMD MBA. I received a scholarship from IMD for CHF 10k. Apart from this, I have paid my MBA fees and living expenses so far using my own savings and with help from my mother. However , given the present situation and the huge depreciation of the Indian currency, I prefer to avail of a loan to fund my rent and other living expenses for the remaining months. I wish to personally assure you that I will make all efforts to pay off the loan as early as possible, even earlier than the 2.5 years indicated below. 


This is what I need

Credit amount
CHF 12'500
Maximum interest rate
5.5%
Start date
June 2020
Study time
12 months
Re-payment starts
June 2021
Re-payment time
18 months
Loan fully paid back
November 2022

This is my plan

School/University
IMD Lausanne
Main field of study
MBA
Additional fields of study
MBA
Begin of study
January 2020
End of study
December 2020
Current semester
2
Plans after study

I have a strong corporate finance and analytical background as a Chartered accountant with an MSc in Finance and a CFA level 3 pass. I have worked in Corporate development and M&A with Accenture and Deloitte in India, London and on multiple European projects for about 9 years. Post IMD, I aim to continue working in corporate development in Europe.

I am passionate about M&A and corporate development and enjoy executing all stages of a deal life cycle and dealing with multiple stakeholders and well as working with cross cultural and multi-functional teams. My plan B is to work in a corporate strategy role in Europe.

My international experience of studying and working in London for 2 years has instilled in me a passion for travel and appreciation of various cultures which strengthens my determination to stay back in Europe post my MBA.

(Please also check out my Linkedin Profile https://www.linkedin.com/in/ruchiraramachandra)

 

Auction

Auction Closed

9 bids, CHF 12'500 of CHF 12'500 filled

Calculate your sustainable return

CHF 12'500

Investment Amount

4.0%

Interest Rate

Total fees
-
Your return (net of fees)
-