This is my understanding of the HSBC situation.
You do not need a degree. Even if you had a degree you need to either:
a) Provide some comprehensive and objetive evidence that you are likely to pass. That means a GAPAN assessment, a PPL, you name it.
b) Loads of security. If you have equity I would choose the Halifax Cash Reserve as it provides alot more flexibility...well that is what I chose anyway.
Talk to the good people at
www.pilotassist.com. They will give some excellent advice before you give them a penny. This school is top of my list when I start ATPLs, very impressed with their approach. Anyway, basically it goes somethig like this:
1) Apply for a CDL (£8,000).
2) Use CDL to pay for PPL and extras (hours, etc).
3) Apply for an HSBC thingy wotsit.
4) Pay CDL with HSBC thingy wotsit before you you pay any interest on it.
5) Start training proper.
6) Complete training.
7) Start paying off HSBC some time after starting work (18 months? Can't remember)
Also, as was pointed out to me, what major long-haul airline is closely linked with HSBC and is probably the reason why HSBC supports pilot financing where others do not?
Answers on a postcard to:
I don't care just give me money
P/O BOX 999
NW1 8QT