arts council loans for instruments

ambaiste · Post by **ambaiste** » Sat Jan 05, 2008 3:37 am

Happy New year all.
I thought this might be of interest to some o you. An interest free loan to buy musical instruments.Check it out.
www.artscouncil.org.uk/takeitaway/index.php

susnfx · Post by **susnfx** » Sat Jan 05, 2008 11:09 am

Interesting. I'm not a fan of buying stuff on time (even if interest-free), especially for something that's not an emergency. I read all their questions/answers but they never address what happens if you can't pay the loan back in nine months. Surely there are penalties and interest charged at that point. I don't know...somebody's making some money off it at some point or they wouldn't be doing it.

Susan

mutepointe · Post by **mutepointe** » Sat Jan 05, 2008 1:21 pm

I was hoping that the loan term would be like 20 years or something. Then you could borrow the limit, buy a whistle, and collect enough interest to pay back the loan.

wvwhistler · Post by **wvwhistler** » Mon Jan 07, 2008 9:12 pm

Hey mute! I see you changed your avatar...angling for fishing weather in the Charleston region already?

Wouldn't you have to show that you're a pro or student musician to take advantage of this loan?