With GoCardless instalments, businesses can set up a payment plan for their customers, dividing the total amount into multiple instalments. The payments are automatically collected from the customer's bank account on the scheduled dates, making it convenient and hassle-free for both parties.

How does GoCardless instalments work?

The length of this payment period typically depends on the value of the course.

Are there any limits on the period of payments?

To be eligible to apply to fund courses through GoCardless, you need to be at least 18 years old, and must have a UK bank account

Am I eligible to use GoCardless?

Yes, GoCardless provides its instalment solution to businesses worldwide. However, the availability of specific features, currencies, and transaction limits may vary depending on the country.

Is GoCardless instalments available globally?

To assess a participant's creditworthiness, Quotanda may request a credit report from you. If you don't provide one, they will obtain a search from their credit agency partner. This is a necessary step to determine the suitability of funding, particularly in the UK. It's important to note that this search will leave a visible footprint on your credit report, similar to the process followed by any other provider.

Does applying for funding with Quotanda require a credit report, and will it have an impact on my credit score?

One of the requirements to qualify for their assistance is to have a clean credit record, meaning no arrears, defaults, CCJs (County Court Judgments), or similar negative entries. Therefore, it is important to ensure that your credit report reflects a positive financial history in order to meet the eligibility criteria for Quotanda's financial aid.

What if I have defaults and/or arrears on my credit report?

Stepex considers applications from individuals who possess the legal right to reside in the UK and EU.

Is it possible for international participants to apply?

During periods when your annual income falls below the minimum income threshold specified in your Future Earnings Agreement with Stepex (typically between £21,000 and £30,000), you will not be required to make any repayments. It's worth noting that the term of a Stepex loan is determined by the number of repayments made rather than a fixed period of time. Consequently, if there are periods in which you do not make repayments, the overall term of your loan may be extended.

What happens if I don’t reach the minimum income?

GoCardless facilitates hassle-free monthly bank-to-bank payments throughout the duration of your course, supporting over 30 different currencies.

Finance Your Learning with GoCardless

Quotanda provides a seamless and flexible experience for financing educational expenses. Alongside their pioneering Income Share Agreements (ISAs) that enable participants to repay the cost of education based on their future earnings, Quotanda also facilitates convenient installment payment options by breaking down the financial burden into manageable and regular payments.

Interest Free Monthly Instalments with Quotanda

Stepex revolutionizes learners financing by focusing on your financial prospects rather than your past income. It provides a practical solution for covering your course fees, allowing you to repay them based on a percentage of your future earnings within a predetermined timeframe. This is achieved through a future earnings agreement (FEA) where you make monthly repayments to Stepex based on a portion of your income until the agreed payment schedule concludes. To enroll in the bootcamp, a one-time upfront fee is required by Stepex.

Finance Your Learning with Stepex

Bank Account

Application Requirements

Set up a financing meeting with CLA’s admissions team.

Application

Once the financing option is approved, sign your Learner Agreement contract with CLA.

Post-approval

Pay your deposit no later than 3 days after signing Learner Agreement or before the first day of the bootcamp (whichever comes first).

Payment

How It Works

Identification Document

Proof of address

payslips, bank statements, or recent invoices, or all of the above for a co-signer

Proof of ability to pay

Proof of residence in Germany

Set up a financing meeting with CLA’s admissions team, then submit an application for the monthly instalments on Quotanda and wait for approval

During admissions, our team will work with you to see which of our financing partners would work best for your instalment plan needs.

Pay in Instalment Plans

Completed online application form, filled out with CLA admissions team

Form Application

First Meeting

Submit your ISA application (Application must be completed with CLA admissions team).

After approval, sign your Learner Agreement contract with CLA.

Stepex

Frequently Asked Questions

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