Loans and Financing?
 

Does anyone know of any kind of financing available to student pilot in the uk?
Also is it possible to get a loan inthe uk for flight training in USA?

Hi Dude

HSBC will do CPL loans, need to make a good plan up to impress them.
They have given me £22000.
Hope that helps

TaTa :cool:

Pholooh, do a search on HSBC in the Wannabes forum and that should keep you busy for about a day with the info you'll glean from it!

MB:)

Aircart,

Where are you training in SA? I looked at FTC-SA in Midrand, but couldn't find anyone who had been there.

WO

ps. Sorry to hijack your thread!

Aviation Aspirations
 

If you have a look at the following site it has covered most of the financing and also other options needed for training.

Aviation Aspirations

Hope this helps,
Regards,
B1.

wo have a look in the post on SA in this forum.:cool:

hey aircraft?
43rd?

richie-rich

hey aircraft do u have a degree? I've been to hsbc 3 times and each time they give me a different reason to turn me down. They always bring up me not having a degree!

Hey caramel,

I got a HSBC loan a month ago and although I am doing a gegree I certainly haven't graduated! They said to me that you didn't need a degree for a professional studies loan and hence I go my loan before graduating.

It seems to be a case of some branches being misinformed of the requirements. I think other people have also been turned down by HSBC because they don't have a degree, after reading other posts on the same subject.

I hope this is of help

James:)

caramel- I've no degree, not much else either, have worked in aviation for 1 or 2 years, so I have a trade to fall back on,
U have to treat going to the bank like it's an in-view, I realy impressed em and they had no probs, they didn't know much about it but the plan I made up told em everything they wanted to know!!

Apart from the usual suspects....HSBC, CDL, parents, lottery (sorry LOTTO!) I have been looking into VirginOne account - it only really works if you've got a mortgage, but the flexibility it offers seems really good.

Basically it lumps all of your loans, credit cards, mortage, bank account into the same pot. As you pay of the debts, that money becomes available again as your 'borrowing facility' - in addition, as your house goes up in value, you can also borrow against that without having to re-mortgage.

i hope I've explained it right!!

Aircart - it might be useful to others also, but could you give an overview of the presentation you gave to HSBC to secure your loan i.e how did you sell it to them, do you have mortgage, is it all secured or part secured etc

Cityslicker,

If you have a property and are looking to set-up something like the Virgin One account. Don't. Woolwich / Barclays have a much better offer through their Open Plan mortgage, does everything that Virgin could and more. Plus you could look at a starting interest rate @ 2.9% (but only if you contact me by e-mail, as its not something avaialble through the high street). I am a broker with a large city company who specialise in this sort of area, e-mail if you want any details. As I don't think this is the forum to go into too much detail, unless WWW or Scroggs don't object? I have no problem helping out Wannabes looking to sort out their finances, at no brokerage cost from me (unless you can refer me to a training captain! in which case I will accept the referral as benefits in kind :D )

Jasonjdr - would be interested - check e-mail!:cool: