Loans for funding flying training.
From your "soon to be Jerez" location I assume you are going to FTE.
Don't they have a link with a local Spanish bank? I know one prospective FTE student who was offered a loan that way.
Don't they have a link with a local Spanish bank? I know one prospective FTE student who was offered a loan that way.
Join Date: Mar 2004
Location: Birmingham
Age: 41
Posts: 45
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Groundloop
From your "soon to be Jerez" location I assume you are going to FTE.
Don't they have a link with a local Spanish bank? I know one prospective FTE student who was offered a loan that way.
Don't they have a link with a local Spanish bank? I know one prospective FTE student who was offered a loan that way.
Spot on. The school have a deal with BBVA, a spanish bank with a UK arm. The problem is they wont accept non-UK based property as security on the loan... remortgaging is an option, just undesirable.
Join Date: Mar 2006
Location: Northumberland
Posts: 369
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Groundloop
From your "soon to be Jerez" location I assume you are going to FTE.
Don't they have a link with a local Spanish bank? I know one prospective FTE student who was offered a loan that way.
Don't they have a link with a local Spanish bank? I know one prospective FTE student who was offered a loan that way.
Join Date: Feb 2006
Location: Bedford, UK
Posts: 8
Likes: 0
Received 0 Likes
on
0 Posts
Tax Efficient Self Funding (in UK)
Hope to jump in to the fire pit of modular training soon. Does anyone have any ideas on a tax efficient method of paying. I've forked out the 40% and would like to get some back! I will be undergoing professional improvement/study but it doesn't seem to be deductable. Any thoughts.
MRG
MRG
Join Date: Jan 2006
Location: East london
Posts: 36
Likes: 0
Received 0 Likes
on
0 Posts
Unsecured Loans
Hi All!
I have been offered a place at CABAIR. However I am, after a unsecured loan rather than a secured loan of £25,000. CABAIR can offer me a secured loan with HSBC but not an unsecured one.
ANYONE KNOW OF PLACES OFFERING UNSECURED LOANS??
I have been offered a place at CABAIR. However I am, after a unsecured loan rather than a secured loan of £25,000. CABAIR can offer me a secured loan with HSBC but not an unsecured one.
ANYONE KNOW OF PLACES OFFERING UNSECURED LOANS??
Join Date: May 2001
Location: England
Posts: 1,904
Likes: 0
Received 0 Likes
on
0 Posts
Try asking for £24k! I believe 25k and over has to be secured. HSBC have offered me an unsecured 24k loan should I train with Oxford, this is with deferred repayments (up to 1 year after completion).
Last edited by Superpilot; 31st May 2006 at 13:00.
Join Date: Feb 2006
Location: Ask Crewing
Posts: 140
Likes: 0
Received 0 Likes
on
0 Posts
Nearly all high street banks offer unsecured loans for amounts under £25k subject to credit rating etc..
Most of these, however will incur repayments whilst training. It would probably be best to put together a small business plan and present it to your bank and see what they say. Nothing ventured, nothing gained.
Best of luck with your training.
Most of these, however will incur repayments whilst training. It would probably be best to put together a small business plan and present it to your bank and see what they say. Nothing ventured, nothing gained.
Best of luck with your training.
Join Date: May 2006
Location: Madrid
Age: 47
Posts: 67
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by mrgaviates
Hope to jump in to the fire pit of modular training soon. Does anyone have any ideas on a tax efficient method of paying. I've forked out the 40% and would like to get some back! I will be undergoing professional improvement/study but it doesn't seem to be deductable. Any thoughts.
MRG
MRG
Join Date: Sep 2005
Location: europe
Posts: 359
Likes: 0
Received 0 Likes
on
0 Posts
to all of you thinking to borrow money...
don't!
stay away from these banks and keep your freedom from these sharks.All they want is make money from you or take your house.
you wont find a job with 200h, and you will find urself in debt.
then you will come back with your lousy paid job...or you will have to boorow more money for a type rating, and you will never see the end.
You have been warned!
don't!
stay away from these banks and keep your freedom from these sharks.All they want is make money from you or take your house.
you wont find a job with 200h, and you will find urself in debt.
then you will come back with your lousy paid job...or you will have to boorow more money for a type rating, and you will never see the end.
You have been warned!
Join Date: Feb 2006
Location: Ask Crewing
Posts: 140
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by A320rider
you wont find a job with 200h, and you will find urself in debt.
And, yes, I think we are all intelligent enough to realise that if we choose to borrow money we will be in debt.
Join Date: Nov 2003
Location: Westward TV
Posts: 412
Likes: 0
Received 0 Likes
on
0 Posts
you may not like (as most people do not either) what A320whatever is saying, but he has a very valid point. chances are you will not get a job in a nice shiny jet with 200 hours as it is the exception rather than the norm. I didn't and I don't know anybody who has. speaking from experience of myself and peers, we have worked our way up from 200 hours via instructing to get our first sniff on the turbo props.
and yet, with all this in mind, you still feel that you can justify getting loaned up to the hilt, and have repayments of £5,6,700 a month. how on earth do you expect to pay them off? you won't as an instructor and you won't as a TP FO. if you basis of your whole plan is to pay your debt's by getting a jet job, then you are in for a very big suprise once the ink dries on your shiny new blue book.
you are going to be a pilot and a pilot need to make sound decisions. getting yourself into that much debt without any idea how to pay it off does not sound like a very good decision.
and yet, with all this in mind, you still feel that you can justify getting loaned up to the hilt, and have repayments of £5,6,700 a month. how on earth do you expect to pay them off? you won't as an instructor and you won't as a TP FO. if you basis of your whole plan is to pay your debt's by getting a jet job, then you are in for a very big suprise once the ink dries on your shiny new blue book.
you are going to be a pilot and a pilot need to make sound decisions. getting yourself into that much debt without any idea how to pay it off does not sound like a very good decision.