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To apply for an aircraft loan, please click on the link below
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Aircraft low doc loan program
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Credit only application (No Doc/Stated Income)
A very simple and fast finance. Perfect for self employed
**This program IS still available!! Rates are subject to change!
7.5% rate, 15 year amortization
- Max loan amount $99,950 (includes $400 title fee), minimum is $40,000
- Max LTV 85%
- 15 year amortization (20 year for newer airplanes)
- Does not show on your credit report! This is a non-reporting transaction. By not showing on your credit report, it won't lower your credit score!
Approval simply requires an acceptable aircraft, minimum 670 FICO score, sufficient cash on hand, and sufficient stated income.
To be approved:
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- Send a spec sheet on the aircraft
- May be titled in an LLC or corporation, but must have a personal guarantor. We will need the corporate Certificate of Organization and Operating Agreement;
- You do NOT need to provide tax returns!
This is the perfect loan for someone who has variable income, or low income for tax reporting purposes, or you don't want the hassle of submitting two year's of tax returns, pay stubs, W-2's, and bank statements.
If your loan amount is more than $99,950, or you don't mind submitting two years of tax returns and you want a lower interest rate, please click here
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