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You can now get high street loans at a lower interest rate than from the SLC Watch

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    http://www.hsbc.co.uk/1/2//loans/per...DR_Image___335

    What an absolute farce.
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    SLC?
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    (Original post by M14B)
    SLC?
    student loans company
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    (Original post by TheGuyReturns)
    student loans company
    Well they have to allow for bad debts
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    And you get repayment holidays. But other than that, you would be expected to pay back the money, regardless of your situation.
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    (Original post by Tiger Rag)
    And you get repayment holidays. But other than that, you would be expected to pay back the money, regardless of your situation.
    I'm not sure what your point is...
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    (Original post by TheGuyReturns)
    I'm not sure what your point is...
    Okay so say you hit a really rough patch a few years down the line..How would you repay the money that you don't have?
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    Yeah but you can't have an indefinite hiatus from payments if you're out of work.
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    And they won't give you a large enough loan and they will expect immediate repayments
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    (Original post by TheGuyReturns)
    http://www.hsbc.co.uk/1/2//loans/per...DR_Image___335

    What an absolute farce.
    eh hardly. Can't even get enough to cover a three year degree which is standard and by that point its a lot more interest than 3.3%.
    Also you'd have to pay back more on a monthly basis, you'd have to pay it back within 8 years no matter what (whereas SLC give you a lot longer than that and with exemptions and it is eventually wiped off if you can't pay)

    Theres probably more benefits of taking a student loans that i havent mentioned but all in all its hardly a farce if you actually bother looking past the superficial details
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    The terms of the two loans are different making direct comparison impossible.
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    (Original post by TheGuyReturns)
    http://www.hsbc.co.uk/1/2//loans/per...DR_Image___335

    What an absolute farce.
    What has getting a personal loan from HSBC (the link you sent) got to do with the SLC?
 
 
 
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