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Professional and Career Development loan

A Professional and Career Development Loan from The Co‑operative Bank helps to finance your studies and improve your career prospects.


  • Borrow between £300 and £10,000 helping you fund a course to improve your career prospects and earning potential.
  • The government pays the interest during your studies.
    • Once you have completed your course, a fixed interest rate of 9.58% per annum will apply to your repayments.
  • Repay your loan over 1 to 5 years, only paying it back after you've completed your course.
  • Enjoy fixed repayments on your loan.
    • When you complete your course, you'll be requested to make fixed monthly payments which includes interest payments - as stated in your agreement.

Representative example


Borrowing a loan amount of

£4,500




for a course that lasts

12 months


your monthly payments would be

£206.67


for a term of

2 years 0 months


and you would have to repay a total of

£4,960.08

What do things like 'per annum' and 'APR representative' mean?

To apply you need to:

  • Be a single applicant aged 18 or over.
  • Joint applicants are unable to apply for a Professional Career Development Loan.
  • A UK citizen.
  • Have been living in the UK for at least 3 years before your course starts.
  • Not had any County Court Judgments (CCJs), entered into any Individual Voluntary Arrangements (IVAs), or Trust Deeds, nor been declared bankrupt within the last 6 years.
  • Not in arrears, and have not missed more than 2 payments on any credit agreement in the last six months.
  • Plan to work in the UK, European Union (EU) or European Economic Area (EEA) after your course is completed.
  • Unable to finance the course yourself, with reasonable or adequate access to funds.

Your course must:


Costs covered by the loan:

  • All of your course fees, or 80% of the fees if you're also in employment
  • Other essential course costs, i.e. books, equipment, travel expenses, childcare and any costs associated with a disability
  • Living expenses – cost of food, clothing, housing, fuel, council tax (unless you work more than 30 hours a week)
  • You must not receive any other grants or state benefits intended to cover those costs.
  • You are unable to consolidate any existing borrowing with this loan.

Ready to apply?

Apply online with the Student Bursary Support Service or call the National Career Service for further advice on 0800 100 900

Calls are free from landlines and mobiles. Calls may be monitored or recorded for security and training purposes.

Please read our terms and conditions before applying

To apply you need to:

  • Be a single applicant aged 18 or over.
  • Joint applicants are unable to apply for a Professional Career Development Loan.
  • A UK citizen.
  • Have been living in the UK for at least 3 years before your course starts.
  • Not had any County Court Judgments (CCJs), entered into any Individual Voluntary Arrangements (IVAs), or Trust Deeds, nor been declared bankrupt within the last 6 years.
  • Not in arrears, and have not missed more than 2 payments on any credit agreement in the last six months.
  • Plan to work in the UK, European Union (EU) or European Economic Area (EEA) after your course is completed.
  • Unable to finance the course yourself, with reasonable or adequate access to funds.

Your course must:


Costs covered by the loan:

  • All of your course fees, or 80% of the fees if you're also in employment
  • Other essential course costs, i.e. books, equipment, travel expenses, childcare and any costs associated with a disability
  • Living expenses – cost of food, clothing, housing, fuel, council tax (unless you work more than 30 hours a week)
  • You must not receive any other grants or state benefits intended to cover those costs.
  • You are unable to consolidate any existing borrowing with this loan.

Ready to apply?

Apply online with the Student Bursary Support Service or call the National Career Service for further advice on 0800 100 900

Calls are free from landlines and mobiles. Calls may be monitored or recorded for security and training purposes.

Please read our terms and conditions before applying

Important documents

Personal loan summary information

Download Personal loan summary information PDF (309KB)

Important information about your loan agreement

Download Important information about your loan agreement PDF (46KB)

Repaying your loan early information

Download Repaying your loan early information PDF (34KB)

How we use your personal information

Download How we use your personal information PDF (622KB)

Our lending commitments and what we ask of you

Download Our lending commitments and what we ask of you PDF (115KB)

We may decline your application based on your circumstances or our lending policy.