Rating based on 71 reviews

Student loans offered by The Co-operative Bank

Updated

  • Low-interest starting from 9.9%
  • Student loans up to £10,000
  • Repayment up to 60 months

In-page navigation


The Co-operative Bank homepage

Author The Co-operative Bank. Screenshot of The Co-operative Bank website. [Accessed March 20, 2020]

About The Co-operative Bank

Not certain how you are going to pay your educational cost fees and purchase all the course readings you require?

We offer our customers the chance to take out study loans to finance their own studies or those of their family in the form of a professional and career development loan from the Co-operative Bank.

No interest charged while you study

Customers who meet all requirements for a study loan require just to pay back the interest share of the loan amid the term of the studies. From there on, customers reimburse the capital, for instance, a three-year course is paid over in excess of three years, etc. Proof of income from the individual undertaking the study loan is required. Compared to the concentrated system of financial help in the United Kingdom, the UK scene can look a bit insane and confusing.

Student Loans from The Co-operative Bank

In the meantime, students must discover approaches to overcome any and all hardships between their funds and the cost of going to college. The government parts the load of giving sponsored student loans commonplace support associations. Qualifying students get a rate of their loan sum as payment from their UK student loan.

The Co-operative Bank Services

A student loan is a method for financing further instruction after secondary school.

Since UK citizens normally help colleges and colleges with a bigger rate of assessment income, numerous quality schools offer educational cost at significantly lower rates.

You can utilize your maintenance and student loan to pay for:

  • tuition fees
  • books
  • transport
  • food and clothing
  • equipment that will be utilized for study purposes, for example, a laptop or stethoscope
  • accommodation - loans for accommodation are conceded to full-time students not living with their parents

What else do you have to know?

Student loans are allowed for a particular year of study and you will need to be renewed every year of enlistment. In the event that you need a professional and career development loan from the Co-operative Bank to contact us today. 

The Co-operative Bank Product Details

  • Loan Type Student loans
  • Interest Rate from 9.9%
  • Loan Amount up to £10,000
  • Repayment 12 months to 60 months

Summary of Services

  • No payments due while you study
  • Loan term ranges from 12 to 60 months
  • No interest while you study
  • No setup or additional fees

Professional and career development student loans from the Co-operative Bank

The Co-operative Bank offers professional and career development student loans between £300 and £10,000 at a Representative 9.9% APR.

The APR that you are offered will remain fixed during the entire life of the student loan and will be applied one month before your first payment is due. Your first payment is due one month after you complete your course and is paid by standing order.

How does a student loan work?

  • Getting to your student loan account
    The cash will be paid straightforwardly to the establishment. The equalization can then either be left in your student loan account or exchanged to your exchange account.
  • Protection cover for your Student loan
    We recommend that you take out a Personal Loan Protection Plan to pay any extraordinary adjust on your loan in the occasion of death, illness or disability.

While you're studying you don’t have to make any repayments and you will not be charged any interest on the professional and career development student loan. You can select a loan term of between 12 and 60 months depending on the loan amount you need. Our professional and career development student loans have no setup or other fees. Early settlement fee of one month’s worth of interest on the remaining balance.

Professional and career development Student Loans

To be eligible for a professional and career development loan from the Co-operative Bank you must be aged 18 years or over, have no CCJ’s, be a UK Resident who plans to work in the UK, EU or EEA. Our professional and career development loans are for courses that last a maximum of 2 years or 3 including one year of practical work experience if applicable.

The Co-operative Bank’s professional and career development loans

  • Professional and career development student loans between £300 and £10,000
  • Representative 9.9% APR
  • Available for courses that last a maximum of 2 years or 3 including one year of practical work experience
  • Fixed APR for the life of the student loan
  • First payment due 1 month after course completion
  • No payments due while you study
  • Loan term ranges from 12 to 60 months
  • Student loans subject to status and affordability
  • No interest while you study
  • No setup or additional fees

Additional credit products for students

The Co-operative Bank offers a student account that is tailored to help you make the most of your student life. During your first year of study you can get an interest free overdraft of up to £1,400, up to £1,700 in your second year and £2,000 in your third year. Your first year after graduation will also carry 0% interest on overdrafts after which your account will automatically convert to a current account.

Customer Reviews & Testimonials

September 2019

The turnaround time for my student loan from application to approval was favourably quick.

Toby R
— Birmingham —

October 2019

I needed a student loan to pay primary for accommodation and equipment. The Co-Operative Bank was a saviour for me because they came through for me and provided me with the money I needed.

Rose S
— London —

The Co-operative Bank Contact Details

Contact Number

E-Mail

  • not available

Website

Physical Address

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed