OAT and CTC Loans Schemes
Is WWW right again? I note that the wording on the OAT and CTC Wings websites have changed; OAT now talks of a secured HSBC loan:
"For UK resident cadets, OAA offers a bespoke HSBC loan programme for all APP FO students. The OAA/NetJets Europe cadets will qualify for a secured loan of up to £60,000, subject to meeting the HSBC standard eligibility requirements."
and CTC are even more vague, where they used to make much of the unsecured lending available though HSBC:
"..you will be required to raise a security bond. There are many ways of raising this bond and your chosen method will be dependent on your own personal financial position. If you have the available funds, you may choose to finance the bond personally. Alternatively, you may wish to obtain loan financing, as many of our applicants do, from one of the major high street banks. As you go through the selection process, CTC will be able to provide further details."
So, have HSBC pulled the rug on these schemes? Is there anyone going through selection at the moment who can provide up to date info?