20 Pathfinder Dr, Caloundra West 4551
E: goflyaviation@gmail.com
Mon-Sun: 7.30am - 4pm
Online store open 24/7
Learning to fly is expensive. GoFly Aviation understands that many students cannot afford even one hour of flight training per week. The more lessons you do in a week, the more you progress and the less information you forget between lessons. We want to enable students to achieve their flight training goals faster than they otherwise would if they had to save up for tuition fees.
GoFly has partnered with Study Loans to provide our students with small $5,400 Recreational Pilot Certificate loans as well as $5,400 loans for navigation and passenger endorsements.
For larger CPL and PPL loans we have partnered with Alistair McNee, a Finance Broker.
To check whether you are eligible for a $5,400 loan for your Recreational Pilot Certificate from Study Loans, visit their website. If you are deemed eligible, 85% of the money will be released upfront to GoFly for your tuition. This is the average amount required to pass your RPC but you must remember that all training is competency-based and some students will achieve their RPC in less time and others may take longer (and require some additional personal funds).
Study Loans also provides loans to $5,400 for students who wish to obtain their Navigation and Passenger (Px) endorsements. Again, this amount will cover the average time taken to pass your nav and passenger endorsement, but all training is competency-based and some people will achieve their endorsements in less time and others may take longer (and require some additional personal funds).
We have teamed up with Mortgage Choice finance broker, Alistair, who is also a graduate of GoFly Aviation, to assist our students to access the most appropriate loans for their Commercial Pilot Licence. We believe that a personal loan can be paid off faster than a VET fee debt. Below we have listed the three types of training for which you can apply for a personal loan plus some repayment comparisons between VET fee and personal loans.
To enquire about eligibility for loans and to ask any questions, please email Alistair at alistair.mcnee
A full time course of approximately 10 months studying five days per week for approx $55,000 (part-time also available). The GoFly CPL Finance Package includes:
Facts:
Scenario 1:
VET fee
CPL Course $88,000*
+ Loan Fee 20% $17,600
Total Debt $105,600
Average Salary $61,000
Yearly repayment $2,440 pa (based on 4% repayment)
Time to repay debt 73 YEARS!!
*the average cost for VET-fee registered flight schools. GoFly offers much cheaper training.
Facts:
Scenario 2:
RPL or RAA /Instructor Grade 3 – with a personal loan
Personal Loan $17,000
Interest Rate (indicative) 10.99%*
Loan Term 7 years (84 months)
Repayments $73 per week
Scenario 3:
CPL with a Personal Loan
Personal Loan $50,000
Interest Rate (indicative) 10.99%*
Loan Term 7 years (84 months)
Repayments $199.94 per week
** Interest rate indicated is based on Advertised Fixed Personal Loan rate as at early 2018. Actual interest rate will depend the borrower’s specific individual circumstances & are subject to lender’s assessment.
Advice disclaimer: The information provided above is for general education purposed only and does not constitute specialist advice. Because of this, you should consider the appropriateness of the advice to your situation, before taking any action.
All training at GoFly is based on competency of the pilot and not on hours of tuition. A student will only receive their certificate or licence if they have passed all tests and the Instructor deems their flying to be satisfactory. All pricing for completion of course costs is an estimation only. Finance is provided by a third party provider and GoFly Aviation takes no responsibility for advice given in relation to financial products supplied by the provider.
Alistair makes loans for planes, plain easy! Alistair organised the finance for GoFly Aviation’s brand new Sling aircraft. If you wish to buy a plane or form a syndicate with your mates to get a loan for an aircraft, give Alistair a call to see what terms he can negotiate.
To enquire about eligibility for loans and to ask any questions, please email Alistair at alistair.mcnee