by Pilot Finance Inc. | Sep 17, 2013 | School Program FAQs
No. There is no prepayment penalty. Upon prepayment in full, the student will be refunded any unearned interest for paying off the account early. Interest rebates, or refunds, for early payment in full (referred to as “prepayment”) are determined by the finance...
by Pilot Finance Inc. | Sep 17, 2013 | School Program FAQs
Our Preferred Customer Interest Refund Program is a simple way for students to earn back up to 25% of their interest. If the student makes all of his or her payments on time, the interest will be recalculated 3 percentage points lower than their contract rate and we...
by Pilot Finance Inc. | Sep 17, 2013 | School Program FAQs
Our contract interest rates range from 12%-18% depending on the qualifications of the student. Generally, a student’s interest rate will be somewhat lower than he or she might pay on traditional credit card accounts. The next FAQ explains how every student can...
by Pilot Finance Inc. | Sep 17, 2013 | School Program FAQs
Flight Training Finance does not have a maximum program size limit. The maximum financed program is determined by the applicant’s training goals, training schedule, demonstrated payment history, and of course his or her ability to pay the monthly payments.
by Pilot Finance Inc. | Sep 17, 2013 | School 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 program sizes be fully...
by Pilot Finance Inc. | Sep 17, 2013 | School 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...
