Hello,
for all the people who got (or said they did) loans from HSBC, what terms did you get to pay back the loan? 5 years, 10, 20 etc
Also for those who got loaned over 20k did the manager/ advisor at the bank not ask you the question: " In the worst case scenario when you complete your training and you are finding it hard to get employed with an airline, how are you gonna pay us back?? " if they did, what were your answers ?
Normally for lending money, the back dont really give a monkeys what your plan says, all they want to know is how can they get back their money in the worst case scenario! thats why they often take security for such a loan, so if you cant get employed with an airline and cant pay them back...they can legally take your house!
seems a bit risky for a bank to be lending you guys over 20k when they have no idea, that a business plan for pilot training will be successful! are we all telling the truth in here? or are there some wishfull thinking going on??
Bonjour
Oh yes forgot to mention, 22k for a professional studies loan being recieved is well over the odds! 15k UNSECURED is more like the maximum for an unsecured loan!
I suspect some people here are telling little white lies!