by Pilot Finance Inc. | Jul 24, 2013 | Student Program FAQs
No. There is no prepayment penalty. You will be refunded any unearned interest for paying off your account early. Interest rebates, or refunds, for early payment in full (referred to as “prepayment”) is determined by the finance regulations in your state. The...
by Pilot Finance Inc. | Jul 24, 2013 | Student Program FAQs
Our Preferred Customer Interest Refund Program is a simple way for you to earn back up to 25% of your interest. If you make all of your payments on time, the interest will be recalculated 3 percentage points lower than your contract rate and we will refund you the...
by Pilot Finance Inc. | Jul 24, 2013 | Student Program FAQs
Our contract interest rates range from 12%-18% depending on your qualifications. Generally, the interest rate will be somewhat lower than you might pay on traditional credit card accounts. The next FAQ explains how every student can obtain lower interest rates with...
by Pilot Finance Inc. | Jul 24, 2013 | Student Program FAQs
Flight Training Finance does not have a maximum program size limit. The maximum financed program is determined by your training goals, training schedule, demonstrated payment history, and of course your ability to pay the monthly payments.
by Pilot Finance Inc. | Jul 24, 2013 | Student Program FAQs
For the private pilot and instrument programs we finance, a typical “full” training program includes between 55-65 hours of aircraft rental. Because financing “add-on” or “finish-up” training will likely not be available, it is important that your program size be...
by Pilot Finance Inc. | Jul 24, 2013 | Student Program FAQs
We consider “partial programs” that include 25-44 hours on an exception basis. Partial programs are not eligible for the full repayment terms that are offered for “full” programs of 45 or more hours of aircraft rental. The repayment terms for partial programs are...