HSBC loan
Thread Starter
Joined: May 2002
Posts: 37
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From: kentish town
HSBC loan
In a couple of months I will be applying for a HSBC professional studies loan for my IR. My problem is I am not sure exactly what to include in my Buisness plan and how to structure it.
If there is anybody who has been through this process and could lend me a copy of their presentation I would be very grateful.
Also any sources of info. on the internet or elsewhere would be a great help.
Cheers,
TSP
If there is anybody who has been through this process and could lend me a copy of their presentation I would be very grateful.
Also any sources of info. on the internet or elsewhere would be a great help.
Cheers,
TSP
Joined: Sep 2002
Posts: 8
Likes: 0
From: Brum
TSP,
May sound obvious but have you asked your bank?
I am sure that there is someone there who will tell you exactly what they need to see from you. Generally, they are v nice people and one of the specified purposes of the Professional Studies Loan is to finance commercial pilot training.
d.a.l.
May sound obvious but have you asked your bank?
I am sure that there is someone there who will tell you exactly what they need to see from you. Generally, they are v nice people and one of the specified purposes of the Professional Studies Loan is to finance commercial pilot training.
d.a.l.
Joined: May 2002
Posts: 14
Likes: 0
From: Manchester
TSP
Just my two pennies worth...the HSBC branch I went to was very helpful in sorting out my Professional Studies loan for the whole modular course. They required information including:
- Verification from the training establishment that you've been accepted on a course.
- Course start date and duration so they can sort out the installments.
- The likely return on their investment (I found it helpful to take salary info on Ryanair and Easyjet which made the bank manager sit up and listen!).
-Information on other loan facilities you are using and investments you hold.
-Contingency plans should they be needed.
-An aviation sector review may be helpful, demonstrating an upturn in the market (if there is one)...new airport proposals, mergers like Go & EasyJet.
My branch weren't that bothered about a full-on Powerpoint presentation...just present a neat, logical portfolio of costs, start dates, duration for them to refer to and fill in an application form and Bob's ur uncle.
Hope this helps a bit and good luck with it,
Rich C
Just my two pennies worth...the HSBC branch I went to was very helpful in sorting out my Professional Studies loan for the whole modular course. They required information including:
- Verification from the training establishment that you've been accepted on a course.
- Course start date and duration so they can sort out the installments.
- The likely return on their investment (I found it helpful to take salary info on Ryanair and Easyjet which made the bank manager sit up and listen!).
-Information on other loan facilities you are using and investments you hold.
-Contingency plans should they be needed.
-An aviation sector review may be helpful, demonstrating an upturn in the market (if there is one)...new airport proposals, mergers like Go & EasyJet.
My branch weren't that bothered about a full-on Powerpoint presentation...just present a neat, logical portfolio of costs, start dates, duration for them to refer to and fill in an application form and Bob's ur uncle.
Hope this helps a bit and good luck with it,
Rich C
Last edited by richc; 12th September 2002 at 20:53.
Thread Starter
Joined: May 2002
Posts: 37
Likes: 0
From: kentish town
Thanks for the advice, I'll give the bank a call and print out the wages page of Ryanair's website.
chilleruk1,
I don't know your circumstances but I am going to apply for £15k unsecured. I think this is about their limit for unsecured loans but a friend of mine was offered £60k, secured on her parents house.
The loan is called a professional studies loan and is designed specifically for postgraduate courses and commercial pilot training.
Each application is treated individually and the decision is the bank managers as far as I am aware.
If you wan't more info. call HSBC on 08457404404.
Good luck mate!
TSP
chilleruk1,
I don't know your circumstances but I am going to apply for £15k unsecured. I think this is about their limit for unsecured loans but a friend of mine was offered £60k, secured on her parents house.
The loan is called a professional studies loan and is designed specifically for postgraduate courses and commercial pilot training.
Each application is treated individually and the decision is the bank managers as far as I am aware.
If you wan't more info. call HSBC on 08457404404.
Good luck mate!
TSP
Loans
Joined: Apr 2000
Posts: 68
Likes: 0
From: UK
I would definitely find a local "pilot friendly" branch that another Ppruner has used.
My local branch first said that pilot training didn't qualify (!), then that I had been out of Uni too long to qualify (5 years!) and then finally tried to stitch my parents up with a remortgage and capital raise secured on their house.
All the way through each meeting they had to keep referring to a manual and calling the branch manager!
Idiots!
PFO
My local branch first said that pilot training didn't qualify (!), then that I had been out of Uni too long to qualify (5 years!) and then finally tried to stitch my parents up with a remortgage and capital raise secured on their house.
All the way through each meeting they had to keep referring to a manual and calling the branch manager!
Idiots!
PFO
