Loan Repayment:
⦿ Repayments are automatically deducted from your income through the UK tax system.
⦿ You only start repaying the loan once you're earning over £25,000 per year.
⦿ The repayment amount is 9% of your income over £25,000.
Example: If you earn £26,000 per year, you’ll repay 9% of £1,000 = £90 per year (or £7.50 per month).