Co-Operative Bank Professional & Career Development Loan

Good:
Government pays the interest while you study and for one month after you finish

Bad:
High interest compared to other Professional & Career Development loans

Verdict:
The most reputable Career & Development Loan - make sure you start paying the loan off as soon as the course finishes, if you don't that could cause some problems

The Co-Operative's Professional & Career Development loan can be used to help you pay for a course you are going to study or if you want to enhance your career prospects. You can borrow between £300 and £10,000 and you don't have to pay any interest during your course or for one month after you finish studying your course, as it is paid by the government. The repayments stay the same throughout the whole loan.

You can call them on 0800 585 505 to request an application pack if you want some further information. You can also call this number if you wish to apply. You can apply over the phone but you will need to prove that you are going to register onto an educational course. They will talk you through the application form and you will be given a provisional decision. You may need to send some documents in, which are listed below, this also could include sending in proof that you have enrolled on a course.