CTC Aviation has announced that a new financial solution is now exclusively available for those seeking to fund their CTC WINGS Integrated ATPL or MPL airline pilot career programme training.
'Proflight' loans, provided by Secure Trust Bank, a retail and commercial bank based in the United Kingdom, are a secured load product now available through ATPL Finance Ltd.
The new loan offers aspiring pilots secured funding for loan amounts ranging from £25,001 to £125,000, providing the potential to fund not only airline pilot career training, but also type-rating training should such funding be required once CTC Aviation has secured airline placement for the successful graduate pilot.
By providing a two year repayment holiday, Proflight loans enable aspiring pilots to complete their training, secure a position as a co-pilot and start earning a salary before they need to make any repayments.
Applicants can expect a swift application process, receiving a decision in principle within 48 hurs and full confirmation within approximately six weeks. The loans must be guaranteed by a parent or equivalent legal guardian and are secured by a second charge over the guarantor's property which must be in England or Wales. It should be noted that all Proflight loan applications to Secure Trust Bank, will need to be fully assessed and meet the Bank's lending criteria.
Applicants to CTC Aviation looking to secure funding to support their training now have the option to apply for a range of both secured and unsecured loans from several banks, designed to suite a range of circumstances and routes to the flight deck.