- We loan ½ the retail appraised value, up to $50,000
- Interest only loans with rates from 10% to 18%
- A 10% Legal, Processing and Recording Fee Refundable if we fail to commit funds.
Of that, 5% is paid upfront and the balance is paid at the end of the loan.
Example - $20,000 Loan Request:
- Aircraft must appraise for $40,000.
- $2,000 LPR Fee –1/2 up front, balance rolled into the loan.
- Payment of $315 per Month or 1.5 % interest per month.
- $21,000 principal to be repaid at the end of two - year term.
The entire application process usually takes from 5 to 14 days.