Career Development Loans

If you are planning to make an application for a course of postgraduate education, then there are tons of funding options you can consider. While several students are fortunate to get bursaries and scholarships, majority of postgraduate candidates will need to fund their own studies.
One of the famous options for several postgraduate students is to apply for a career development loan, which is actually a bank loan that specifically tailored to meet the maintenance and educational costs of those who want to pursue their studies.

How It Works and What Are Its Benefits?

As of now, there are 2 banks that offer career development loan and these are Barclay and Co-operative bank. With this kind of loan, anyone can borrow a maximum of £10,000, which they can use to support their postgraduate education. During the borrower's studies as well as a month after graduating, he or she won't have to pay the interest rate of the loan. But, after the period of grace, you will need to repay the loan.

Is Career Development Loan Only Application for Particular Courses?

Career development loan is designed for any type of course that students want to take for furthering their professional career including some qualifications like postgraduate diplomas or master's degrees. But, as long as this is important for enhancing one's career, it isn't compulsory for the course to lead directly to the qualifications.
Loans won't be offered to help with the covered costs by some sources of public funding like postgraduate courses or undergraduate degree programmers wherein several course fees are subsidized partially by bursaries or grants. In such cases, career development loan will cover only the costs that aren't covered by the subsidized funding. Check here for no guarantor loans for bad credit!

Are You Eligible for Career Development Loan?

Your loan application will be considered providing that you have met the criteria, which include:
1. 18 years of age
2. Resident of UK and have been residing in the country for 3 years
3. You have the intention to work in the United Kingdom once the course was finished.
But, just because the lender will let you apply for this loan, it does not mean that you will be able to take the loan. Having a bad credit rating and some external factors may affect your loan application.

When to Apply?

Once you have a spot on your preferred study program, you can apply for career development loan. You must also apply no more than 3 months before the beginning of your course, yet you must apply at the soonest date to give the lender the time to process your application.

Why Should You Apply for Career Development Loan?

The major benefit of career development loan is that this actually gives you the financial support you need for your postgraduate study. So, if you have financial concerns on your postgraduate education, never hesitate to consider applying for career development loan application as this can help you achieve what you want in your chosen career, regardless of your course.

Our REPRESENTATIVE APR for unsecured loan is 13.8% (variable). We provide unsecured personal loans from £500 to £100000. TYPICAL example: if client borrow £5500 for tenure of 72 Months at yearly interest of 8.8% means he will repay £115.33 every month and total payble amount will be £8302.58

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