Professional and Career Development Loan

It's not often the Government gives you a break.

However, if you take out a Professional and Career Development Loan it will pay your interest while you study.

The loan is ideal if you want to take a vocational course (full time, part time or distance learning) to improve your career prospects but need a bit of financial help.

0845 609 0060*

What you need to know:

Key information - Professional and Career Development Loan summary box.

• You can borrow from £300 up to £10,000.
• Your payments remain fixed when the loan is agreed.
• Interest-free for up to one month after the end of the course. After the interest holiday, the rate is 9.9%.
• You pay back nothing until two months after your course ends.
• You can repay the loan over a period of 12 to 60 months.
• Typical example for a 21 month course:
  Borrowing £3,000 to be repaid over 60 months (5 years)
  Monthly repayment - £63.59.
  Total amount payable - £3,815.40
  5.7% APR typical.
  This example assumes that the course runs for 21 months, starting 1 December 2008, you will get a 22 month interest holiday. Thereafter interest will be charged at the equivalent nominal rate of 9.9%. Repayments will commence on 1 November 2010, giving you a two month repayment holiday following completion of your course.
• Subject to application and status.

* Lines are open Monday to Friday 9am-7pm. To maintain a quality service, we may monitor or record phone calls. Read call charges info.

If a Professional and Career Development Loan isn't right for you, we have some other personal loans that could be:

 Personal loans from Barclays
 Homeowner loan
 Graduate loan

 Eligibility criteria
 Other loans from Barclays