Funding

Success in our Skills Assessment process gives potential APPFO students immediate access to a bespoke loan scheme operated by BBVA - one of the largest banking and financial services providers in the world. The loan scheme is specially designed to meet the needs of student pilots undertaking our APPFO course.

The main terms for the BBVA Flight Training Loan are:

Guarantee required - Mortgage over a UK property
Maximum amount - Course fees plus living expenses
Repayment period - 10 years maximum
Variable interest rate – 3 month LIBOR + 2.25%
Repayment holiday - 18 months
Backed up by the Oxford Aviation Academy SKILLS SECURITY Guarantee The OAA/BBVA scheme alleviates the pressure of financial concerns during training, allowing students to focus their efforts on achieving the best possible results.

As a routine part of the 2-day Skills Assessment programme, we provide guidance to candidates who might subsequently wish to apply for a loan. Successful candidates then receive further assistance as follows:

We provide a Business Plan template prospective students can use to apply for the loan
We review Business Plans and offer feedback to make them more persuasive
SKILLS SECURITY gives the bank confidence that their financial risk is low

The Business Plan covers the following areas:

An overview of ATPL training requirements, industry outlook and OAA graduate employment figures
Personal details, school qualifications and previous flying experience
Training budget including estimated living expenses
Finance schedule including planned payments to OAA and estimated repayments
Details of the security the applicant can offer
Potential earnings for a representative sample of airlines
Schedule of applicants existing assets
Schedule of applicant’s existing debts
Contingency plan outlining repayment plans if First Officer employment is delayed