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13/01/2007, 2:04 PM Ryan Joined on 11/06/2006 Posts 35 The dream is over!! I've been to about 4 banks and they have all turned me down for a loan to do the ATPL. I've always wanted to be a airline from being tiny. But now I can't get the money togther without a house. Does anyone know what I can do to get £30k? Or does anyone work in a bank and have access to the vault? ;) Happy Landing everyone. Ryan    Report

13/01/2007, 2:31 PM McGoo Joined on 15/11/2005 Posts 225 Re: The dream is over!! It doesn't have to be over, just do the modular route and pay as you go.    Report

14/01/2007, 4:43 PM MichaelXPO Joined on 25/11/2006 Posts 49 Re: The dream is over!! hey, well you could phone HSBC or look on there website as they give proffesional study loans. I cant remember exactly but i vageuly recall them offering loans towards training pilots. I found this on the cabair website. http://www.cabair.com/careerpilot/news.htm (scroll to the bottom) "HSBC Professional Studies Loan packages available Cabair confirm that HSBC Professional Studies Loan packages are now available to CCAT selected and Approved candidates. (All loan applications are individually assessed and agreed at branch discretion. All HSBC credit is subject to status.)" I havent a clue if this will help much,but i thought i might as well share what i know. -Michael      Report

14/01/2007, 5:36 PM Ryan Joined on 11/06/2006 Posts 35 Re: The dream is over!! Thanks Michael, I bank with HSBC and they don't do anything for pilot training anymore. I think they've got a deal with Cab Air for that arrangement but i know they wont lend me anything. Thanks aswell Stuart, I need to do it in one go mate cause I won't have the time to work and study I need to quit my job and pay the loan off 6 months later if you know what i mean. Cheers, Ryan    Report

15/01/2007, 11:51 PM Alipio Joined on 05/12/2006 Posts 13 Re: The dream is over!! why dont you try something like the college in austrailia its only £47 000 with accomidation, jsut get hte max you can and work for the rest, 1 or 2 years work would be enoughif you get around £25 000 loan.    Report

16/01/2007, 1:36 PM McGoo Joined on 15/11/2005 Posts 225 Re: The dream is over!!  Ryan wrote: I need to do it in one go mate cause I won't have the time to work and study I need to quit my job and pay the loan off 6 months later if you know what i mean. It depends how you do it, for example I did my PPL in November 05 using annual leave (3 week intensive course) then bought the ATPL course distance learning with Bristol, I worked full time while doing this (10-12 hours a day HGV driving), having completed these stages while working I now need a much smaller loan than I would have needed to quit my job and start from scratch, the total time frame will only be a few months longer than an integrated course with less than half of the debt, it's something for you to think about anyway, good luck in whatever you decide. Stu    Report

04/02/2007, 3:15 PM Ben Lavender Joined on 29/07/2006 United Kingdom Posts 30 Re: The dream is over!!  Ryan wrote: I've been to about 4 banks and they have all turned me down for a loan to do the ATPL. I've always wanted to be a airline from being tiny. But now I can't get the money togther without a house. Does anyone know what I can do to get £30k? Or does anyone work in a bank and have access to the vault? ;) Happy Landing everyone. Ryan PPL ((A), plus all the kit required) - £5,000   Hour Building for CPL training - £3,500   ATPL and PPL exams - £ 3,900   CPL Practical - £6,000   Instructor - £7,000   IR - £14,000   If you can afford to pay as you go using the modular route up to CPL practical then you can easily take out a professional studies load to pay off the instructor rating or CPL practical ratings. However, you may need separate bank accounts and you need to save money wisely.    Report

09/02/2007, 6:11 PM puff o'wind Joined on 08/02/2007 Posts 180 Re: The dream is over!! FOUR banks?  (Actually, "about" - so how many have you tried? 2? 3? ) You've really worked hard haven't you! If you let them steal your dream they will. And if you let them then that's what you deserve.  Being a professional pilot is hard - it's hard to get there and it's hard to stay there. If you fall at the first hurdle you don't want it badly enough, not in the West anyway.  Get off your self pitying bum and try harder young man.      David    Report

09/02/2007, 10:41 PM Ryan Joined on 11/06/2006 Posts 35 Re: The dream is over!! Hello David (Puff of Wind) Clearly you haven't got a clue what your talking about! Everytime you apply for a loan you credit scoring goes down. So, guess what you have less chance of getting a loan anywhere. If 4 banks have turned you down I guess the 5th and the 6th will, right till the way till they black list you. Please don't talk about something you know jack about we have too many of them in England. Get off your high horse and find out what the real world is about Mister! Thank you to the people who have given sensible comments. Ryan      Report

10/02/2007, 8:53 AM puff o'wind Joined on 08/02/2007 Posts 180 Re: The dream is over!! Ryan, okay mate.       David    Report

10/02/2007, 9:25 AM Ryan Joined on 11/06/2006 Posts 35 Re: The dream is over!! Cheers,      Report

25/02/2007, 9:32 AM Ginj Joined on 25/02/2007 Posts 1 Re: The dream is over!! Hi Ryan,  have you tried any of the bigger schools to go integrated, CTC, Cabair or Oxford. I know it costs more, but if you are successful with their selection processes they have arrangements with local banks in order for you to secure the required funds. Cheers Ginj    Report

07/03/2007, 8:39 PM cdnpilot77 Joined on 07/03/2007 Kitchener Ontario, Canada Posts 2 Re: The dream is over!! I did my flying training in Canada at Waterloo Wellington Flight Centre www.wwflightcentre.com in Kitchener Ontario.  In Canada we have TD Bank that also does Professional Loans.  I had a loan through them for my private license.  The Waterloo Wellington Flight Centre is also affiliated with a local Community College and the University of Waterloo with Aviation specific programs.     Report

31/03/2007, 6:55 PM jamster Joined on 31/03/2007 Posts 1 Re: The dream is over!! hi guys my name is jamie i am at oxford aviation training school just about to do my first school finals for the jaas hopefully i will do good but hsbc offer a £50,000 loan to the pilots at oxford if they need to and there are sponserships at oxford to for airlines like netjets thomas cook and excel so you can go for those. i would recommend oat for training jamie    Report

08/04/2007, 10:33 PM Rob the pilot Joined on 15/12/2006 Posts 11 Re: The dream is over!! Doesn't a house have to be secured on this loan though Jamie? Gettin the cash is tough but not as tough as the groundschool!!! Keep tryin mate All the best....      Report

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