p.savage.
A couple of points that I have picked up on your initial post;
I would suggest that you start to bank with the HSBC, in fact I think it’s part of the qualification requirements for the loan! Get a credit card with them and use is wisely. This will offer you the opportunity to build up a history with them - if you don’t take the p!ss.
You note that you wish to pay the £45k back over 6 years. That’s circa £840 a month at 6% for that period - that may be the reason for the “no chance” answer. How much do you expect to earn in the first couple of years as a pilot (assuming you get a job!!!).
I think you may need to review the costs involved, the terms and the implications of the professional studies loan. Wee Weasly Welshman gave a brief, yet concise review of the associated costs in a recent thread, I think it was about £38k - that should work out at about £322pm over 11 years, again at 6% (the normal terms). Much more affordable, but still not cheap!!
The decision is based on your risk. To me, it would appear that you are a high risk. The loan, although not advertised as secured may require security depending upon your risk. Remember, it’s not a computer that makes this decision, it’s a human, which makes a change!!
If, as it would appear, you are having issues obtaining the loan, look at other options. As others have suggested, borrow smaller amounts with the option to review and borrow more as you progress with your training.
Make contact with other braches (I understand the Oxford branch is good), or their head office. Discuss your needs with someone who knows the product, if the person you initially speak to does not know that product, ask for someone who does….
I stand to be corrected if the above is inaccurate, however this is how I understand the terms.
Good luck
Funkie
