A person who wants to get a better job, a person who wants to improve his job prospects, in short, anyone interested in career development can apply for a career development loan.
The government of UK has tied up with various well known banks like the Royal Bank of Scotland and Barclays for career development loans. All that one has to do is find out which of these banks provide for such loans and apply accordingly.
The main advantage of these loans is that the borrower does not have to pay any interest during the course of his study. In fact, the government takes care of the interest during that period of time as these loans are government affiliated. He will start making loan payments only a month after course completion. But in case of loans like professional development loans, the interest incurred during the study period would have to be paid later, which only adds to the borrower’s debt burden.