Thats what I was looking for.
There are two types of loans offered by the bank.
One is a Postgraduates loan( which requires a degree) and the other which applies to us, is the Professional studies loan. Obviously you do not need a degree to get the Pro Loan. Thats why they call it the Pro loan.
They specificaly designed this loan so people like us can get a commercial pilot's licence. But the catch is that you have to secure the amount of over 15k. So you may borrow as much as you can, provided you can secure the amount by the means of share certificates or equity in your property or your mum and dad's.
Happy flying!