Pilot training in India is a significant investment, with total costs for a Commercial Pilot License (CPL) ranging from ₹35 to ₹50 lakhs or more. For most aspiring aviators, education loans are the key to making this dream achievable. Here’s a complete, practical guide to securing a loan for pilot training in India, including eligibility, top lenders, interest rates, application steps, and support from Golden Epaulettes Aviation.
Most banks and NBFCs offer loans that cover:
Both public and private sector banks, as well as Non-Banking Financial Companies (NBFCs), have specialized education loan products for aviation students.
| Lender | Max Loan Amount | Interest Rate (Approx.) | Collateral Requirement |
|---|---|---|---|
| Bank of Baroda | Up to ₹1.5 Cr | 8.55% – 10.55% | May be required |
| Axis Bank | Up to ₹2.5 Cr | 10% – 12.5% | May be required |
| HDFC Credila | Up to ₹1.5 Cr | 9% – 13.5% | May be required |
| Avanse Financial | Up to ₹50 Lakh | 10% – 13.25% | May be required |
| SBI | Up to ₹1.5 Cr | 11.15% | May be required |
| Auxilo | Up to ₹50 Lakh | 11.50% – 12.50% | May be required |
| IDBI Bank | Up to ₹30 Lakh | 10.10% – 10.60% | May be required |
Interest rates and collateral requirements may change; always check with the bank for current terms
To qualify for a loan for pilot training in India, you generally need to meet these criteria:
| Expense Category | Covered by Loan? |
|---|---|
| Tuition/Flying Fees | Yes |
| Simulator Training | Yes |
| DGCA Exam Fees | Yes |
| Uniforms/Books/Kit | Yes |
| Accommodation | Yes (if needed) |
| Type Rating | Sometimes (if included) |
| Travel (Abroad) | Yes |
Maximum loan amount: Up to ₹1.5 crores (with collateral) for most banks; some NBFCs offer up to ₹50 lakhs
Margin money: For loans above ₹7.5 lakhs, you may need to contribute 10–15% of the total cost.
Repayment period: Up to 15 years, including moratorium (course duration + 6–12 months)
| Lender | Interest Rate Range | Moratorium Period | Repayment Tenure |
|---|---|---|---|
| Bank of Baroda | 8.55% – 10.55% | Course + 6–12 months | Up to 15 years |
| Axis Bank | 10% – 12.5% | Course + 6–12 months | Up to 15 years |
| HDFC Credila | 9% – 13.5% | Course + 6–12 months | Up to 15 years |
| SBI | 11.15% | Course + 6–12 months | Up to 15 years |
Repayment usually starts 6–12 months after course completion or job placement.
EMIs (Equated Monthly Installments) are the standard repayment method.
Choose Your Lender:
Compare banks and NBFCs for rates, limits, and terms.
Gather Required Documents:
Admission letter from DGCA-approved flying school
Academic records (10th, 12th, graduation if applicable)
Cost estimate from the institute
ID and address proof
Income proof of co-applicant
Collateral documents (if required)
Complete Loan Application:
Fill out the application form and attach all documents.
Loan Assessment:
The bank reviews your application, checks creditworthiness, and may request additional information.
Approval and Disbursement:
If approved, you’ll receive a sanction letter. The loan amount is usually disbursed directly to the flying school in installments.
Start Training:
Begin your pilot training with funds in place.
Government-backed schemes: Occasionally, the Ministry of Civil Aviation announces subsidized loans or partial waivers for students from underprivileged backgrounds, especially under Skill India initiatives
Interest-free loans: Some banks/state agencies may offer interest-free loans for SC/ST candidates or those in government-approved academies, though availability varies year to year.
Cadet pilot programs: Airlines like Air India sometimes partner with financial institutions to help cadets access tailored loan products
Scholarships: Merit-based, limited in number, may cover only a portion of training costs.
Loans: Cover the full cost, repayable after training, often with a moratorium period
For more on scholarships, see
Start early: Begin the loan process as soon as you receive your admission letter.
Maintain good credit: A strong credit history for you or your co-applicant improves approval chances.
Compare offers: Look at interest rates, processing fees, and repayment flexibility.
Prepare collateral: For larger loans, be ready to pledge property, FDs, or insurance policies.
Consult your flying school: Institutes like Golden Epaulettes Aviation often assist with documentation and lender recommendations.
Q1: Can I get a loan for pilot training without collateral?
Some NBFCs and banks offer unsecured loans up to ₹7.5 lakhs. For higher amounts, collateral is usually required.
Q2: What is the maximum loan amount I can get?
Up to ₹1.5 crores with collateral, depending on the lender and your profile
Q3: When do I start repaying my loan?
Repayment usually begins 6–12 months after course completion or job placement, with a total tenure of up to 15 years.
Q4: Can I get a loan for pilot training abroad?
Yes, most lenders cover training at approved foreign academies, but you must meet additional eligibility criteria such as visa and standardized test scores
Q5: Does Golden Epaulettes Aviation help with loan applications?
Yes, they guide students through the documentation and application process, increasing your chances of approval.
Getting a loan for pilot training in India is not only possible but increasingly common. Nationalized banks, private banks, and NBFCs all offer education loans tailored for aspiring pilots, covering tuition, flying hours, and related expenses. By understanding eligibility, comparing lenders, and preparing strong documentation, you can secure the funding you need to launch your aviation career. Golden Epaulettes Aviation provides expert support at every step, helping you turn your pilot dreams into reality.
Lorem ipsum dolor sit amet conse ctetur adip iscing elit justo quis odio sit sit ac port titor sit males dolor sit consectur dolor.
2024-08-21 12:45:27
2025-05-07 11:57:51
2025-05-07 17:06:21
2025-05-08 13:02:06
2025-05-09 14:37:17
_1736184103.png)
2025-01-06 21:31:55
2025-05-07 13:56:32
2025-05-08 16:14:25
