PPRuNe Forums - View Single Post - Ability to repay flight training loans?
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Old 10th Nov 2005, 21:46
  #29 (permalink)  
Leezyjet
 
Join Date: Jan 2001
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I just found out yesterday that the £25K loan I applied for has been approved. Just waiting for the paperwork to come through.

Bit unsure now it's all getting real. £450/month for the next 10 years is a huge commitment.

I already have my PPL that I obtained in South Africa for £3,300 and will do most of my hour building over there where it is around half the price of the UK.

I will have to keep working to pay off the loan, as there are no deferred payments with an unsecured loan, but £25k is much easier to get in the first place than £40k.

I'll see how far this can get me then revert to the flexible friend to finish the rest.

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