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Old 1st Feb 2002, 16:06
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HomerSimpson
 
Join Date: Mar 2000
Location: Springfield
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I borrowed £15K from HSBC (Professional Development Loan) and £8K from Barclays (Career Development Loan) These are both unsecured.

The HSBC one is 2% above the base rate, which I shall pay back oner 7 years. The Barclays one is interest free until the end of the course and then accruses interest at around 8%. So this will be getting paid off straight away once they want it back.

Im not sure if you can now get a Professional Studies Loan without having a degree to back it up. I have one (BA Hons Business Studies) for all its worth, so that maybe why I was able to secure £25K from HSBC initially. However, after working out the initial figures, it worked out far cheaper to split the loans as Barclays offer interest free for the period of the course.

Hope this helps.

Regards,. .Homer
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