CDL's are the cheapest money you're likely to find!. .I think it would be better to use your own money first, but if you don't have £30k in your back pocket, and your parents can only help with part of the astronomical cost of professional pilot training, then I think a CDL is a good option.
I have one with Clydesdale. The interest rate is 6.7%; Which is very low really, considering you don't pay the money back for about 2 years,and it doesn't accrue any interest until you start paying it back, and when you do pay it back, it can be in installments over about 56 months.
If you were able to pay the whole lot back at the end of the 2 years, I think you only repay what you borrowed.
So effectively, you can borrow the money interest free for 2 years.
I think I've got the above figures right, but if you're interested then I can check for certain, and give you the CDL Infomation telephone number.
Oh, and I didn't have to state all the training providers I planned to use- just the first one for the JAR theory module.
All this might have changed, but I only got my CDL about a year ago.
IH
[ 01 February 2002: Message edited by: Island Hopper ]</p>