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| What
is a Career Development Loan? |
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simply, a CDL is a deferred repayment bank loan to help you
pay for vocational learning or education. |
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- You can borrow anything between £300 and £8,000 to help
you fund up to two years of learning plus (if relevant)
up to one year's practical work experience where it forms
part of the course.
- The Department for Education and Skills (DfES) pays the
interest on your loan while you're learning and for up to
one month afterwards. If you finish the course before the
agreed date, the repayment holiday will end up to one month
after your last day of training.
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You then repay the loan to the bank over an agreed period
at a fixed rate of interest.
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CDLs are available through three high street banks: Barclays,
The Co-operative and The Royal Bank of Scotland. You do
not need to be an existing account holder but the bank may
require you to open an account with them.
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SHORT
TERM FINANCE:
WE CAN ARRANGE 7 MONTH INTEREST FREE FINANCE
FOR ALL COURSES
SPEAK TO US ABOUT THIS OPTION. |
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