When I finished uni 3yrs ago I quietly asked my parents if they would use their properties to secure a £70k loan for me to train as a pilot. Their response?
Laughter.
In hindsight I'm embarrassed I asked, and glad they refused. How dare I?
Only alternative was to knuckle down and pay for it myself. Now I have a PPL, Night Qual, 140hrs, a few bob stuck away for a CPL and I'm debt free. How can anyone justify taking such a huge loan with no guarantee of employment at the end, simultaneously risking their inheritance that has most likely been worked for since before they were born?
Do you what the best bit is though? Instead of spending four weeks sweltering in a tatty C150 over Florida frantically hour building on my own, I have taken many family, friends and first dates for a whizz around the welsh coast over the last couple of years in a variety of different aeroplanes, all paid for by myself, NOT the bank. I've met a stack of wonderful people at airfields up and down the country and I've loved every second of it.
My point is, enjoy your PPL first and try to pay for it yourself. If you are in regular fulltime employment, a small loan to help fund it over 12 months is perfectly reasonable.
Im enjoying PPL flying so much at the moment I'm considering not bothering with the CPL!