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Trainee Pilot Funding
(for the German Market)
Our subsidiary - Albatros Versicherungsdienste GmbH - offers quite special training funding for trainee pilots.The Albatros offer: highly competitive and reliable
The financial resources necessary for training are made available to you by a reputable German bank.
The maximum loan amount is EUR 80,000. The loan is paid out directly to the flying school (maximum eight instalments) according to the training schedule. Interest and repayment only accrue on the loan amount utilised over the training period.
The loan amount is repaid over a period of up to 15 years.
The prerequisites:
- Certificate of fitness to fly
- Expert opinion on suitability as a pilot of commercial aircraft
- Borrowers (generally the parents) with their own income
- Term life assurance for borrowers
- Insurance for incapacity for airline service for the safeguarding of the loan
- Valuable securities with terms up to 180 months and amounts greater than EUR 50,000 (e.g. cash surrender values, savings and fund deposits, unfettered land charges or the like)
