The Loan Fund for Musical Instruments is a charitable Trust whose principal object is to help young professional musicians to purchase high-quality instruments, appropriate to their careers, which they would not otherwise be able to afford

Patreon – The Former Prince of Wales

The Loan Fund for Musical Instruments (LFMI) is a Charitable Trust established in 1979, aimed at assisting young professional musicians in the UK to purchase high-quality instruments. Supported by notable organisations, LFMI offers loans and grants to professional players under 36 and students from their third year of full-time study. It prioritises British Nationals and UK instrument makers, excluding electric or electronically controlled instruments. The next application deadline is 17th May 2024. LFMI values diversity and inclusivity in the music industry.

How Does it Work?

The Loan Fund for Musical Instruments provides support to young professional musicians for purchasing high-quality instruments for public performance. Loans are offered to individuals under 36, with preference for British nationals, and exclude electric or electronically-controlled instruments. Applications require two references and a personal statement. The Trust charges a low-interest rate (currently 5% APR) on loans, repayable within five years. Decisions are made by the Executive Committee, considering individual circumstances.

How to Apply

To apply for a loan from the Loan Fund for Musical Instruments, young professional musicians must complete a detailed application process, providing personal and professional references, a statement of intent, and proof of nationality and age. All applications are reviewed individually, with a focus on aiding those in need of high-quality instruments for public performance. For detailed guidelines, deadlines, and the application form, visit the LFMI’s “How to Apply” page at LFMI How to Apply.