Being slightly pedantic, in fact the £1000 pm is paid into your bank account included in the net pay part of your salary. Your loan is then serviced from your bank account. The money doesn't go directly to the loan account as there are some guys fortunate enough not to have had to take HSBC's money in the first place. In effect, this arrangement means that you are actually taking home slightly more then a DEP FO as your £12k is net and not gross. As has been alluded to however, I would be more concerned about what CTC will be offering you as an eJ contract pilot at the moment rather than having a false hope of a permanent eJ contract.