PPRuNe Forums - View Single Post - Career Development Loan refused, why?
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Old 16th Aug 2001, 13:42
  #16 (permalink)  
Bloody long way down
 
Join Date: Aug 2001
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I can definately recommend the HSBC. They offer a scheme under the Professional Studies Loan which is designed for people undertaking a pHD, Degree's and the Commercial Pilots Licence. They will pay for the entire funding of the course and you do not start any repayments until the training is complete. The interest they charge is only 2% above their base rate (which currently is approx 5%) as you can see this a very low rate 7%
You can pick up an info leaflet from your local branch ask for the Professional Studies Loan leaflet.
However as previously stated in another post you will have to transfer your current bank details to the HSBC.
I have found them to be extremly helpful and understanding. At present I understand that they are the only bank to offer such a scheme.

I hope this has helped some of you out there! It's certainly been a great help to me.
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