LOAN & AID
At IndoWings Flight Training, we understand the financial commitment involved in pursuing your Commercial Pilot License (CPL). That’s why we’re here to assist and guide you through the education loan process. Students can apply for an education loan covering up to 80% of the total course fee from any nationalized bank. However, in accordance with RBI regulations, applicants are required to provide a guarantor and collateral if the loan amount exceeds INR 7.5 lakh. For eligibility, the guarantor’s annual income should be at least INR 8 lakh per annum. As for collateral, applicants can mortgage any registered property or maintain fixed deposits and gold worth a minimum of INR 40 lakh.
You can apply for education loans at the following banks, subject to your eligibility:
- State Bank Of India
- Punjab National Bank
- Bank Of Baroda
- Central Bank Of India
- HDFC Bank
- ICICI Bank
- Axis Bank
- etc.
