Professional Trainee Loan Scheme

Get help covering your training course or living expenses with our preferential interest rates, if you're studying full-time for a professional qualification to become one of the following:

• barrister
• chiropodist or podiatrist
• chiropractor
• dentist
• doctor
• optician
• osteopath
• pharmacist
• physiotherapist
• solicitor
• veterinary surgeon

You don't need to make any repayments while studying ¹, plus you:

• can borrow up to £20,000 (£25,000, if you're studying full-time for a Graduate Diploma in Law (GDL), Legal Practice Course (LPC) or Bar Vocational Course (BVC))
• can draw the loan in one lump sum or in instalments
• don't have repayments for at least six months after you finish your course ²
• have up to ten years to repay your loan ³
• can choose a fixed or variable interest rate
• don't have to pay any arrangement or administration fees
• can borrow up to the cost of your course fees if you're studying part-time for a GDL, LPC or BVC

Please read this important legal information

Fixed-rate example: if you take out a £15,000 loan over 120 months, with an 18-month repayment holiday, you'll need to make 101 repayments of £225.43 and final payment of £225.23. The total amount payable is £22,993.66. 8.0% APR typical.

Variable base rate example: (assumes that Base Rate is 4.5% p.a.) If you take out a £15,000 loan over 120 months, with an 18-month repayment holiday, you'll need to make 101 repayments of £200.00 and one final payment of £199.84. The total amount payable is £20,399.84. 5.7% APR typical (variable).
Rates will reflect your personal circumstances and loan amount.

Please note: you can apply if you're still waiting to hear about your place on your course.