PPRuNe Forums - View Single Post - OAT (Oxford) - the thread, reborn (Part XXVII)!
Old 21st Apr 2007, 23:57
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GrahamK123
 
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The hsbc loan is to a maximum of £50000. This is due to being able to afford re-payments by earning a standard first officers wage. If you are on one of the airline schemes they raise this to £60000. Before you say things like 'I would prefer to take the 80k on-loan' think about it for a second- if you took the full ten years to repay the loan you would end up paying hsbc around £40000 in interest.
It may seem easy now when all you can think about is flying a shiny aeroplane but when the novelty wears off, you want to have a family, car, house etc it will hit you in the face that you can't have any of these until you have that huge debt under control.
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