Unsecured loans from ATPL Finance are now available for students taking courses at Approved Training Organisations. Aeros Flight Training and ProPilot have already announced the financing option, with other approved training organisations (ATOs) expected to follow suit.
Loans are provided by Secure Trust Bank PLC, trading as V12 Retail Finance and customers receive some protection against potential problems like loss of medical in the form of the company’s ‘Flying School Promise,’ adding pilot-focused value which is not often found with standard bank loans.
Integrated schools such as CTC and CAE OAA have had finance options available for some time, but this is the first finance product of its kind for future pilots taking the modular training route.
“This is a very useful funding option for our students and we particularly like the structure of the loan,” commented Aeros MD, Nick Dunn. “Any course at Aeros, including those at the new base, Cranfield, is eligible for the loan.”
Bespoke loans for student pilots already enrolled on eligable courses are also available.
Further information, including terms and conditions, is available at www.atplfinance.co.uk.