PPRuNe Forums - View Single Post - funding your ATPL training
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Old 15th May 2011, 13:14
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Milton1995
 
Join Date: Jun 2010
Location: Chatham ASR
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unless you've got parents that are willing to pay for your training this becomes the hardest question to answer; there are many ways, but make sure you look around to find the offer that suits you best!

A good place to start would be to look here: http://www.pprune.org/professional-p...-training.html

Personally i want to have some money behind me before starting training, so will try and get a job as a despatcher, handling e.t.c ( good for contacts too)

The main loan that the FTO's promote is the BBVA loan,

Security required - Mortgage over a UK property or cash based investment account

Guarantor required - Property owner must act as guarator

Maximum amount - Course fees plus living expenses

Interest rate - Libor rate +2.25%*

Repayment period - 10 Years Maximum

Repayment holiday - 18 months

What happens after payment holiday? - For 24 months following the repayment holiday period, repayments can be reduced by 25% of the calculated normal monthly payment*

Interest charge through the repayment holiday period - To accrue on the loan principal

Setup commission - Flat rate of £500

BBVA legal expenses in securing a charge over a UK property - Approximately £700 in England or Wales and £1,000 in Scotland or Northern Ireland.

A quick google search would reveal many more options so give that a try too!

Good Luck,
M1995.
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