class 1A NIC

Class 1A will only be charged on the amount of beneficial loan. If there is no taxable benefit there is no beneficial loan assessment to compute - the figure you have quoted above appears to be the computed "beneficial loan" NOT the amount of the loan!

If the amount of the LOAN is no more than £10,000, there is no benefit. The £10,000 exemption applies to the LOAN itself, not the benefit charge on that loan. If the amount of the LOAN is £2,600, there is no benefit and therefore no Class 1A NIC. If the BENEFIT (ie the amount of the loan x interest saving) is £2,600 (or any amount for that matter) it is assessable and therefore liable to Class 1A NIC

Correct again Lucy!! As I mention in several lectures, Noah you have to be very careful to correctly interpret the information in the question - in this instance the difference between the amount of loan provided and the assessable benefit computed on that loan