Ultimate Guide: Student Loans for Pilot Training

Posted In education loan On June 5, 2019
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Being one of the most flourishing careers perspectives in today’s date, a pilot receives worldwide exposure during his/her years of service. The training of a pilot is divided into PPL (Private Pilot License) or CPL (Commercial Pilot License). While a pilot earns an attractive salary during the course of his career, but the training expenses of a pilot range from 25-50 lakhs. Earlier this career was pursued by students belonging to the affluent background, but with the ease of obtaining an Education loan for this course has made it accessible to all sections of the society.

Nowadays Aviation academies have tie-ups with public and private banks to make pilot training loans accessible to all. Banks such as – SBI, Punjab National Bank, Canara Bank, HDFC Credila provides loan for this course at attractive rates of interest. Some of the eligibility criteria to keep in mind before applying for student loans for pilot training are:

  1. The student must be a citizen of India.

  2. Age group must be between 16-35 years while pursuing the course.

  3. The candidate must have approved admission from the academy from which he/she is pursuing the course.

  4. The academy must be approved by the DGCA (Director General of Civil Aviation).

While choosing from a wide range of banks can be a hectic procedure, do check your eligibility with respective banks before applying for the same. The Educational loan guidance experts at Credenc can help you to figure out the loan best suited to your career needs.
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