Friends and Family Funding allows others to apply for a loan, which can then be used to cover the cost of the student’s pilot training course.
“We wanted to be able to offer finance to those who would benefit from the support of a friend or family member to help them achieve their goals. I’m delighted we can now help these students get on with their training through our new Friends and Family Funding option,” explained MD., Jeremy Dawson.
The borrower is the sole applicant for the finance and both the borrower and the student, who is the recipient of the funds, must be over 18. If the loan application is successful, both the borrower and the student must sign the company’s terms and conditions.
Finance is available to fund courses at over thirty Approved Training Organisations and eligible courses include PPL, hours building, ATPL ground school, CPL, MEP, IR, FIC and type rating courses as well as Air Traffic Control training courses.
Loans are provided by Secure Trust Bank PLC, trading as V12 Retail Finance, and Friends and Family Funding borrowers are entitled to the ‘ATPL Flying School Promise,’ adding pilot-focused value not often found with standard bank loans.
Further information, including terms and conditions, can be found at www.atplfinance.co.uk.