Pilot training courses abroad will give you deep insights into flight theory, aircraft operation, and aviation safety. The hands-on experience will form an essential part of your training programme. However, many students might not know that they can opt for an education loan for pilot training courses. Let’s understand everything about student loans, repayment tenure, and more for these programmes.
Key highlights:
- About Pilot Training Courses
- Can You Take an Education Loan for Pilot Training
- Why Should You Apply for an Education Loan for a Pilot Training Course
- Atmanirbhar
- Quality Education
- Why Liquidate Your Savings or Family Assets?
- Credit Score
- What are the Basic Eligibility Criteria?
- Some Important Documents
- How to Apply for an Education Loan
- Factors Evaluated When You Apply for an Education Loan
- Avanse Education Loan Benefits
About Pilot Training Courses
The pilot training programmes will provide you with fundamental knowledge and skills to prepare you to become an aviator, such as navigation and aircraft management. Popular countries to pursue Pilot training are the USA, Canada and New Zealand. Top flight academies offer great training, certified instructors, real-world flying experience, and strong connections with top airlines.
To become a pilot, you will need a training licence, such as the Federal Aviation Administration (FAA) for the US, the European Union Aviation Safety Agency (EASA) for Europe and the Civil Aviation Safety Authority (CASA) for Australia. You will be glad to know that these licences are globally recognised and can be converted to the Directorate General of Civil Aviation (DGCA) standards required in India.
Can You Take Student Loans for Pilot Training
The training courses abroad can be super expensive. However, this has never stopped students from achieving their dream of becoming an aviator, thanks to student loans for pilot training courses. You can opt for an education loan for pilot training. Secured (with collateral) and unsecured (without collateral) student loans are available. You can choose between the two depending on your financial requirements and personal preferences.
Why Should You Apply for an Education Loan for a Pilot Training Course
Atmanirbhar
An education loan will empower you to pursue higher studies independently, without being dependent on your parents or guardians. It will offer the financial freedom to pursue academic goals and manage education expenses judiciously.
Quality Education
If you want to become a pilot, an education loan will enable you to choose an educational institution or course that is most suitable for you, whatever the cost may be. You need not compromise on anything due to your budget constraints, and this will enable you to target the best universities or courses. It is advised to check if your university and course are covered by your chosen financial institution.
Why Liquidate Your Savings or Family Assets?
Instead of using up your family’s savings, long-term investments, or assets, you can always rely on an education loan. It will help you cover educational costs and expenses without having to liquidate those funds. This ensures financial security for both your current and future needs in case of any emergency.
Credit Score
Repayment of your education loan will build a good credit history at an early age. A good credit score will increase the possibility of reaping benefits at the time of availing other financial services, such as a car loan, home loan, or credit card.
What are the Basic Eligibility Criteria?
- Students can apply if they:
- Are Indian citizens who are 18 or older
- Have a confirmed admission before the final disbursal
- Have a co-borrower who earns in India
- Co-borrowers also need to meet the following criteria:
- Must be an Indian citizen and should be a parent, legal guardian, sibling or other blood relative
- Must have a bank account in India that allows them to sign cheques
- Must be the primary debtor
Some Important Documents
Before you apply for an education loan, ensure you are ready with the following documents for a seamless experience.
- For students:
- 2 colour passport-sized photos
- Photo ID
- Residence proof
- Date of birth proof
- Signature verification
- Academic documents
- Proof of admission
- Fee structure
- For co-applicant:
- 2 colour passport-sized photos
- Photo ID
- Residence proof
- Date of birth proof
- Signature verification
- Income proof
- Collateral documents (only for a secured student loan)
- 8-month bank statement
- Relationship proof
How to Apply for an Education Loan
At Avanse Financial Services, you can apply for a student loan online in just 4 easy steps
- Visit the Avanse website to fill out the online application, or you can visit the nearest branch office if you wish to apply offline.
- Speak to our education loan consultants
- Share all the required documents
- If you meet the criteria, your student loan will be approved
Factors Evaluated When You Apply for an Education Loan
Financial institutions will have pre-set criteria in addition to the basic eligibility requirements. Every lender will thoroughly check your documents and student profile. The student profile is evaluated to determine your employability potential. Therefore, parameters such as your academic scores, entrance exam scores, and the pedigree of your university, to name a few, will be analysed. Furthermore, your co-applicant’s financial background will be examined too. If you meet the criteria set by your chosen lender, your student loan will be approved.
Avanse Education Loan Benefits
When you pursue Pilot training programmes abroad, you have to consider various costs beyond tuition fees. At Avanse Financial Services, we offer educational loans for studying abroad that cover the holistic cost of education, including tuition fees, travel expenses, accommodation costs, living expenses, study material costs, cost of learning devices and other education-related costs. So, when you get 100% finance, you can easily leave your financial worries behind.
Furthermore, you can benefit from hyper-personalised solutions, quick sanctions and flexible repayment options. If you are determined to pursue a pilot training course, don’t let financial hurdles stop you from achieving your academic aspirations. If you have any queries, about student loans, educational loan interest rate or your academic journey please share them with us. We will be glad to partner with you on your academic journey.
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