Frequently Asked Questions
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For students that want to spread the cost of their tuition over a long period of time. Pay a portion of your future income for a specified period so you can enrol onto a skills based course.
Shared Income Agreements offer several benefits over traditional bank loans. The primary difference is that an SIA is tied directly to your level of income. The less you earn, the less you pay. And if you earn below a specified threshold then your repayments are deferred until you do earn enough.
Our Shared Income Agreements are for those that want to spread the cost over a longer period of time.
John borrowed £10,000 to attend a 6-month web-development course in 2021. Career Advance Finance estimated his prospective income based on his profile and offered him a Shared Income Agreement of £10,000 for 12% of his income over 47 monthly repayments. John accepted the offer, successfully completed his course, and started a job 6 months after completing the course with a starting salary of £30,000 which then increases by 5% per year.
* In year 4, John will make 11 repayments of which the last will be £170.Total amount repaid: £15,000
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Gracias a estos chicos, pude cambiar mi carrera. Ahora realmente amo lo que hago, y puedo decir que en esta nueva industria gano tres veces lo que ganaba antes."
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