Professional and Career Development Loans

National Careers Service

Subjects:

Professional and Career Development Loans are bank loans to pay for courses and training that help with your career or help get you into work.

You may be able to borrow between £300 and £10,000.

Loans are usually offered at a reduced interest rate and the government pays interest while you’re studying.

Funding information

Value:

Up to £10,000

Number of awards per year:

Not specified

Funding applies to:
UK applicants only
Funding duration:

Up to 3 years

Contacts and how to apply

Administrative contact and how to apply:

How to apply

1.Find out which banks offer the loan and order an application pack by calling the National Careers service on 0800 100 900 FREE.

2.Fill in the application form and send it to the bank.

3.The bank will decide if you qualify for a loan.

4.You take out the loan with the bank and agree to their repayment conditions.

You should apply 3 months before your course starts to give the bank enough time to process your application.

Check with your benefits office before you take out a loan as it can affect the benefits you’re entitled to.

For more information please see here: https://www.gov.uk/career-development-loans/overview