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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


for a course that lasts

12 months

your monthly payments would be


for a term of

2 years 0 months

and you would have to repay a total of


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

To apply, you need to be:

  • Between 18 and 69 years of age.
  • A UK citizen.
  • Not subject to any County Court Judgments (CCJs), been declared bankrupt or defaulted on any credit agreement in the last 6 years.
  • Planning to work in the UK, European Union (EU) or European Economic Area (EEA) after the course.
  • Unable to finance the course yourself with reasonable or adequate access to funds.

Your course must:

  • Start within 8 weeks from the date of your application.
  • Only last up to 2 years, or 3 years if it includes 1 year of work experience.
  • Be provided by an organisation on the Professional and Career Development Loan Register - check with your course provider.
  • Help with your career - however, it doesn’t need to lead to a qualification.

Ready to apply?

To apply, call the Professional and Career Development loan helpline 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 PDF (689KB)

Terms and conditions

Download PDF (28KB)

Repaying your loan early information

Download PDF (34KB)

How we use your personal information

Download PDF (622KB)

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

Contact us

If you'd like more help & information, you can:

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