Hi Striker,
1. On their website they state the interest rate is 3.0% plus the standard bank of England base rate (currently 0.5%). Therefore interest per annum, I believe, is 3.5%. They do state this, however: "The actual rate available will depend upon your circumstances. Ask for a personalised illustration."
2. BBVA specialise in pilot loans and understand the nature of the full time course. Therefore, they offer a 2 year payment holiday where nothing needs to be paid back, however interest still accumulates over these two years.
Monthly repayments start after the 2 year payment holiday but for the first two years after this payment holiday, your repayments are at a 25% reduced rate. After these 2 years (4 years after you've taken the loan) the monthly repayments continue at a normal rate.
here's a link to the details on their website if you need more info
Hope that helps.
https://www.bbvauk.com/personal-bank...-mortgages.jsp