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Give Your Career a Lift

Since they were launched in 1988 Career Development Loans (CDLs) have helped tens of thousands of people to give their careers a lift. Men and women from a wide range of educational and employment backgrounds - employed, self-employed and unemployed - have benefited from the opportunity to help them invest in learning. Some have used a CDL to open the door to a whole new career. For others it has meant additional qualifications and improved prospects within their chosen field.

So whatever your ambitions, a Career Development Loan can be the key to improving your working life, transforming your career prospects and unlocking a whole new future.

What is a Career Development Loan?

Quite simply, a CDL is a deferred repayment bank loan to help you pay for vocational learning or education.

You can borrow anything between £300 and £8,000 to help you fund up to two years of learning plus (if relevant) up to one year’s practical work experience where it forms part of the course.

The Department for Education and Skills (DfES) pays the interest on your loan while you're learning and for up to one month afterwards. If you finish the course before the agreed date, the repayment holiday will end up to one month after your last day of training.

You then repay the loan to the bank over an agreed period at a fixed rate of interest.

CDLs are available through three high street banks: Barclays, The Co-operative and The Royal Bank of Scotland. You do not need to be an existing account holder but the bank may require you to open an account with them.

For futher information visit the Career Development Website

Or call the Career Development Loan Information Line FREEPHONE 0800 585 505 between 8am & 10pm Monday to Sunday, Public Holidays 9am to 5pm (Closed Christmas Day & Easter Sunday).