BBVA pilot training loans
 

Hi,

Just wondering if anybody has applied for a pilot training loan with BBVA? My loan has been approved by the London Office but it now needs to be assessed by the Head Office in Madrid... does anybody know the certainty of the approval now London has approved it? (If anybody has had experience with the company)

Many thanks.

IDK, but that's my bank. No complaints with them.

Taking out a loan for pilot training is usually a bad idea though. Realizing you will pay more like 130-150% of the amount due to interest and the effect for 10, 15 or more years down the road is simply not worth it. It's far better to work through pilot training or find a profession that will earn enough to fund it. Even if it takes a few years more, it's far better. Don't listen to anyone that says you have to get done NOW and FAST to ride the PILOT SHORTAGE wave. They've been selling that **** for the last 20 years and will do so for the next 20. Nothing is really different, but they'll kick and scream to convince you otherwise, because it keeps their paychecks coming.

Good luck.

BBVA loan
 

Thanks, I have a training scheme + job offer with easyJet, they will pay back 70% of the loan so not so bad but been a nightmare application process!

All the best and thanks for your reply.

Sounds fishy. They should front the money, why should you have to take out a loan if they are going to pay 70%? That could be accomplished with a simple training contract.