BBVA pilot training loans
08-08-2014 | 11:18 AM
#1
Thread Starter
New Hire
Joined: Aug 2014
Posts: 2
Likes: 0
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.
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.
08-08-2014 | 11:25 AM
#2
Gets Weekends Off
Joined: Nov 2011
Posts: 4,150
Likes: 51
From: Volleyball Player
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.
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.
08-08-2014 | 03:22 PM
#4
Gets Weekends Off
Joined: Nov 2011
Posts: 4,150
Likes: 51
From: Volleyball Player
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.
Thread
Thread Starter
Forum
Replies
Last Post
