Education Loan for Pilot Training

Introduction

Aviation is the profession that offers you the chance to fly in the air if you choose it as your job. You must take pilot training to become a pilot in India. Aspiring students can enrol in a variety of air aviation and pilot training programmes, including Commercial Pilot Training and Civil Aviation Courses for Non-Military Aviation. Hundreds of passengers' lives will be in your hands as a commercial pilot, which comes with a lot of responsibility. Therefore, if you want to select a job as a pilot, you need to obtain the appropriate schooling. However, higher education is now expensive, which is why there is an education loan for pilot training that helps you fund your education. Few banks, notably government banks, offer student loans for international aviation courses. If you don't apply for a loan through the proper channel, it might be difficult and frustrating to find a suitable lender who offers one for an aviation study overseas. Learn more about the same in the article below.

Education Loan For Pilot Training Eligibility

Students must evaluate several factors before signing the loan agreement. The eligibility criteria for a pilot education loan are as follows -

• Candidate must be an Indian citizen or resident
• Candidate must have obtained a place in an aviation programme at one of the participating universities
• Some banks have age limitations of 35 years, so it is best to double-check with the financial institution
• Additionally, criteria influencing the bank's choice to provide an education loan for pilot courses might include academic merit, the university's reputation, the collateral given, and the applicant's financial background

Expenses Covered Under Education Loan

The best aspect of taking out pilot student loans with UniCreds is that students may obtain up to 100% financing, which means that the loan will cover all or most of their expenditures. The following are the expenses that students might anticipate an education loan for pilot training to cover -

• Tuition Costs
• Travel & Transport including the tickets
• Accommodation & Rental expenses
• University fees & additional course costs
• Food expenditures
• Living expenses
• Laptop
• Other research, thesis, and project-work-related expenses
• Any other expense required for hotel management

Top Education Loan Providers In India For Pilot Training

Following are the top education loan providers offering Indian students with education loans for pilot training -

1. Avanse
2. IDBI Bank
3. InCred
4. Axis Bank
5. ICICI Bank
6. HDFC Credila
7. Bank of Baroda