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HOW TO FINANCE YOUR PILOT TRAINING..??

Let’s face it, paying for flight/ pilot training is very ritzy and upmarket, but no matter where you are from, your dreams are valid. Gone are the days when only the one from an affluent and lavish family could dream to become a pilot. Now the world wants to see the instinctive dexterity inside you and not the greenbacks inside your pocket. If you truly believe in the power of your dreams, you can accomplish something that you love passionately, by finding or making your own pathway to success.

Unfortunately, the overhead to learn flying with any pilot training institutes has been the biggest obstacle in becoming a commercial airline pilot. Unless you have a trust fund from your rich dad, the costs to become commercial pilots can seem to be an impassable mountain. But when you are investing in an education and skills that can literally take you any where you want to go in life, the sky is the limit for you.
Let’s learn how people with dream of making career in aviation can find their way to pay for flight school.
• One can look for the educational loans from the trusted sources.
• Ample Nationalized Banks do furnish the student loans for commercial pilot training such as State Bank of Bikaner and Jaipur, State Bank of India, Canara Bank, Syndicate Bank, Corporation Bank and Punjab National Bank.
• One can opt for private loan from a bank, credit union, person-to-person lender, family member, or friend.
• One can get a credit card especially for pilot training, including zero interest rate for the introductory periods ranging from six months to more than a year.
There is no need to confine you with these sources when multiple options are available. Although grants and scholarships are highly sought after as they don’t need to be repaid, but practically, this free money is never enough to earn your wings, so let’s carefully review and consider all of our funding options:
1. Financial Aid that Sets You for Take Off:
In the most general senses, the Pilot training in India can be segregated into two major aspects whether you wish to hold a Private Pilot License (PPL) or Commercial Pilot License (CPL). Now you have to take a single-minded decision to fly as a hobby or to make a career out of it.
If you are assertive to your flying aspirations, you must go for the commercial pilot training which is even more expensive but an intense training procedure as well. However, a commercial pilot license holder is never a professional Airline pilot, unless he undergoes a number of additional courses to supplement your flying qualifications. Thus, you are required to arrange the funds and financial aid accordingly to earn your wings.
2. Private student loans for pilot training schools:
The commercial pilots working for major airlines can earn a lofty income in six-figures a year. This may sound great to any human who aspire his dream to fly high up there. But, few students can afford to pay these costs to flying aviation academy out of their pockets. The private student loans can make it possible for the student to effectuate their career goals and dreams into reality.

3. Kinds of finance flight schools offer:

Several Indian flying schools or pilot training schools, accredited or non-accredited, have refined close business relationships with the banks and other private lenders for securing the students and making the finance accessible. Students should contact their school’s financial aid offices for details on possible loan programs which may be available to them.

 

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PC: VIJAY STARK

General eligibility criteria of the banks:
1. One must be an Indian national
2. One must be aged between 16-35 years
3. The flying school opted by the student must be approved by DGCA in India or any equivalent approving body abroad.
Loan details:
1. Expenses covered under the loan:
• Fee payable to College/ School/ Hostel
• Exam/ Library /Lab fees
• Caution deposit / Refundable deposit asked by the institution
• Purchase of Books/ equipments/ instrument/ uniforms
• Travel expenses/ passage money for studies abroad
• Purchase of computers – essential for completion of the course
• Any other expense required

2. Quantum
• Studies in India – Max Rs. 15 Lakhs
• Studies in Abroad – Max Rs. 20 Lakhs
3. Margin
• Upto Rs.4 lakhs – Nil
• Above Rs.4 lakhs
– Studies in India 5%
– Studies abroad 15%

4. Documents required:
* Completely filled Application Form with Photographs.
* Letter of admission from the Institute.
* Cost break up of the program from the Institution stating the Tuition fees- term-wise, year-wise and any other expenses.
* Students entire academic record in the form of mark sheets starting from class X to the last qualifying exam cleared.
* Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution.
* Address Proof: Passport, Driving license, Ration Card, Voter’s ID card, Bank statement.
* ID Proof: Photo Pan Card, Passport, Driving License or Voter’s ID card.
* Signature Proof: Bank Signature Verification, Photo Pan Card, Passport, Driving License or Voter’s ID card.
* Age proof: Birth Certificate or 10th Class passing Certificate.
5. Documents Required Post Loan Sanction:
* Education Loan Agreement.
* SI/ECS Mandate as applicable.
* Post Dated Security Cheques as per Bank Policy.

Making a long story short, chances are, you may need a combination of the resources listed above for your flight/ pilot training financing. The bottom line is that if you really, really want to learn to fly, you’ll do whatever it takes to earn your wings. And that’s a good thing, because nothing is sweeter than achieving your lofty aviation goals. So go out there and make it happen!

99 thoughts on “HOW TO FINANCE YOUR PILOT TRAINING..??”

      1. Thank you for taking Interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

          1. Thank you for taking interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you all the Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

        1. Hi, My name is Hasan .. actually i came to usa for cpl training but am not interested to do cpl training here at all .. i wanted to come back to india and start training .. this is my email hasan.sawood@gmail.com please let me know all the details about the course for cpl and for the loans

    1. Thank you for taking Interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

      1. Hello I’m Aditya Keshav , am wishing to become a commercial pilot but am being feared of the prices I am im 9th class and I wanted to know more about your academiy and it’s location in india and placement opportunities and I can come and look over the campus and the flying school to finalise weather or not I will be able to stay over there and if I am eligible
        -Aditya
        This is my email please formed me info related…….
        adityabruno28@gmail.com

      2. Hello Sir

        I’m a 10th passed IT employed but want to start flying as its been my dream

        Given an opportunity I would like to quit my job now start the course

  1. I’M Interested bt Family Background,not so good…
    Loan doesn’t sounds good..
    What if a airline company will train me and i’ll work for them and they will cut off some amount from my wage till their loan is paid off.. or amount of money they invested is fulfilled??
    Are there any such Airlines??

    1. Kindly provide your contact number.so we will call you & guide you.even we sent you 1 mail of all details of CPL Training.Kindly check the details and Revert us on the same

      1. Explain the employment prospects after cpl especially in india,unless the economy is not good, how the airlines do new openings.

        phone-0 94 888 040 35

    2. Thank you for taking Interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

  2. How to i made a arobatic pilot?
    PPL pilot are able to aerobatic aircraft flying?
    What licence require?

    1. Thank you for taking Interest in our Academy.we have sent you Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

    1. Thank you for taking Interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

    1. Thank you for taking interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you all the Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

  3. I’m 19th years of age, I finished 10+2 in science stream. I want to pursue my career as a pilot. I am eager to know the brief details on how to get admission and also regarding loan. After getting CPL is it 100% guaranteed to get the job as a pilot?

    1. Thank you for taking interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you all the Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

  4. Thank you for the information. Could you please email me the brief details of CPL and Is type rating is necessary to get a job in an airline after obtaining CPL?

    1. Thank you for taking interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you all the Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

  5. Hi sir, my name is MIHEER CHAKRAVARTY i gave 12[HSC] Maharashtra board this year itself i got 59% With subjects as physics, maths.I m currently going for indian airforce giving NDA 2 but i have wish to become commercial pilot if i ain’t get qualified in NDA i wish to join your institute because I m very much impressed from your course , infrastructure , hospitality so sir i want to know complete details as per course fees and all etc.. So sir i kindly request you to send me mail the info so that i can show my parents THANK YOU…

    1. Thank you for taking interest in our Academy.Kindly provide your contact number.so we will call you & Provide you all details.Even we sent you all the Details of Commercial Pilot License on your Email id.Kindly check the details and Revert us on the same.

  6. Im from a poor family have lot and lot of financial problems and i dont have inough money to become a pilot..! Still it is my ambition! And i compleated production engineering i have 2 backpapers also . I already takes a bank loan for my technical studies . I clearly know that this is nof gonna hapen to me . I can’t be a pilot . But still im hoping for the best days .If you have an opportunity for me to pilot training . Im assuring that i will pay the expensed money when i get a job as a pilot !
    My contact number ; +919895904029

  7. Want to know about the admission requirements & the total fees required(in detail),& also about the loan prospectus in detail along with the future career aspects and ROI.
    contact- 9830710675
    email- iamabhi031@gmail.com

  8. I am interested in cpl training course, what is the max expenses which one has to pay to complete this cpl training with type rating on A 320.
    And what is the max part of this fees could be financed by a bank as a loan.
    My no 07505228568

  9. I am 16 yrs old , I’m studying in 10+2 in science stream. I want to pursue my career as a pilot. I am eager to know the brief details on how to get admission and also regarding loan. After getting CPL is it 100% guaranteed to get the job as a pilot?

  10. Sir I am very interested in pilot training its my dream but due to financial problem I can’t do this so please air help me to make career in pilot thanku your obediently

  11. Hi friends,
    Though this blog is for funding specifically for pilot training there will be many who have options open for other PG, MBA etc studies abroad. The main criteria is getting loans. Here i would like to introduce to you’ll The Paras Education Foundation from Mumbai. They are extremely student friendly and their rate of interest is unbelieveably low. I’m sharing their website addressing for your convienience. Do visit them http://www.isloan.org and talk to their counsellors.

    All the best !
    Simran B

  12. Sir I have completed my 10+2 exams from CBSE with maths and physics core subjects(87%).I m very interested in becoming a commercial pilot. So I want to join your aviation academy but I lack in funds. So I will be grateful to you if u can get me the details of financial aids that can be taken to pursue studies from your institute.ph no-09778713984 email id -mohantyhimanshu123@gmail.com

  13. I am so much interested in cpl but my family’s background is too bad.but I want to achieve my gole..hope you will help me . please contact me.+91 9526320625.my mail Id is abinyobz999 @gmail.com

  14. Dear sir/madam
    I am a commerce student.I have completed my bcom graduation.can I know that I’m eligible to become a commercial pilot.How much it costs to get trained and to get a commercial pilot licence.
    Thank you

  15. Sir,
    I would like to know about the financial assistance I can avail fora pilot training programme.

  16. I want to persue my career as a commercial pilot please provide me with all the details of scholarship and funding

  17. I want to become a pilot. I have done diploma in mechanical engineering and presently doing job in a private organisation as an mechanical engineer for last 7 years.
    Is it possible for me to become a pilot while I belong to a normal middle family as fees are very high.

    With regards
    Deepam

  18. I want to become a pilot. I have done diploma in mechanical engineering and presently doing job in a private organisation as an mechanical engineer for last 7 years.
    Is it possible for me to become a pilot while I belong to a normal middle family as fees are very high.

    With regards
    Deepak

  19. I want whole details about it. Please provide me all information on my gmail I’d………pachaurisomesh4@gmail.com

  20. Pls give me information about cpl and where is the best college and also give me information about loan for flying training , totally informed me. This is my Gmail vermsachin00111@Gmail. Com

  21. I’m very much intrested. Could you please share the complete information regarding commercial pilot license training to my email .

  22. Very interested in becoming a pilot.

    Please help me with a little more information to make my dream come true.

    Thanks!

  23. Sir I am studying my 10+2 exams from CBSE with maths and physics core subjects.I m very interested in becoming a commercial pilot. So I want to join your aviation academy but I lack in funds. So I will be grateful to you if u can get me the details of financial aids that can be taken to pursue studies from your institute.ph no-08004925698 email id priyanshu3.bhu@@gmail.com

  24. Sir I want to become a pilot in my life and I dream high of becoming a Pilot
    Please help me sir………….. And give me some information about education Loan for piloting
    My contact no -9101650791

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