The idea is good of course it is, but having been through the process of applying for government funded interest free loan I would honestly recommend my friends and family do not bother. Full of stalling tactics, lots of hoops to jump through. Several emails and phone calls to find out what's going on. A few times call centre staff have said the deposit should be in any day (that was 5 weeks ago still nothing). It's taken up several hours of my life and we still don't have this loan!