PPRuNe Forums - View Single Post - ST Aviation Academy to train Qatar Airways MPL cadet pilots
Old 16th Sep 2013, 16:27
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purplehearts
 
Join Date: May 2009
Location: singapore
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I think you can get 5-6% interest with the local banks.

Of course, it's a very worthwhile deal if your parents are rich and you pay 0% interest. 2 years worth of paycheck will more than cover it all. Free game afterwards.

Compounded interest will kill you, I suggest you commit majority of your salary to repaying the loan rather than spend on comforts of life as you will end up paying much more than you think you paid if the interest is compounded over the years. Good luck if you are planning to get married or buying a house.
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