Postgraduate Funding Loan

Specifically designed to cover the cost of your tuition fees while you’re still studying

Good to know

  • Borrow from £1,000 up to the full amount of your tuition fees
  • Repay your loan over 1 to 5 years
  • Lower payments for the first 30 months
  • No early repayment charges
  • No arrangement fee

Need to know

  • You must be 18 or over
  • Lending terms and conditions apply
  • This is a variable rate loan, so your repayments may go up as well as down
  • Your course must last no more than 3 years
  • A guarantee and indemnity may be required, for which a fee may be payable

The Danske Postgraduate Funding Loan allows you to make interest-only monthly repayments for the first 30 months. After the interest-only period ends, your monthly repayments will increase to cover the outstanding capital as well as the interest.

You can also make overpayments as often as you like, and if you want to settle early we’ll tell you how much you’ll need to clear your balance.

Important information

  • Before we provide the loan you must confirm you have been accepted on to a postgraduate course by providing us with your university offer letter, ideally within a month of registration.
  • Whether we provide credit depends on your circumstances.
  • You must make your repayments from a Danske Bank personal current account.

Prices and interest rates

Correct as at 3rd November 2017

Amount borrowed Current per annum (%) Current variable APR (%)
£1,000 plus 3.00 3.0

Representative example

Representative APR 3.0% APR variable
Arrangement fee £0
Total amount of credit £5,500
Repayment term 60 months
Monthly repayment

30 payments of £13.76, then

30 payments of £190.48

Total amount payable £6,127.02