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Refinance Your Aircraft

Refinance Your Aircraft

Looking to save money on your current aircraft loan or lower your monthly payments?

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We’ve helped many members reduce their interest rate and lower their payments

Interest rates are at all-time lows and likely lower than when you first obtained your loan, so it’s worth looking into refinancing. Rates are dependent on the loan amount, usage and type of aircraft. For example, a loan balance between $50,000 and $75,000, for personal and/or business use on a 1970s 172 have typical structures of 5.5% interest amortized over 15 years. If your current balance is over $75,000, then we can generally fix the rate over a 20-year amortization, depending on the aircraft and usage. Currently, we are seeing fixed 20 year rates as low as 4.65% (4.25% fixed rate for 5 years). The specific age, type of aircraft and type of usage also factor in to the final loan structure.

Example:

Assuming you financed $125K in 2008 (20 yr term and 6%), your current payment should be $895/mo and you should still owe approximately $92K. If you were to refinance that loan today, your interest rate would be 1.5% less and your payment would drop $313/mo! (to $582).

Call one of our aviation loan specialists today to see how we can help save you money on your monthly loan payments.

Call us now! 800.627.5263 or fill out our form to get a quote. 

Streamlined, efficient and expert services. I was able to refinance my existing loan, dropping my interest nearly 2% with a new lender, whereas my prior lender would not even talk to me, despite an excellent credit rating and a perfect 5 year payment record.
Stephen S.
Stephen S.

FAQs about Refinancing your aircraft.

When does it make sense to refinance?

Refinancing is a good option if you want to lower your interest rate, extend your loan term, or finance upgrades. 

How can I reduce the monthly payment on my current loan?

There are a few ways to reduce your monthly payment. You could pay down your loan, extend loan term or get a lower interest rate.

Have additional questions? Feel free to contact us or call us at 800.627.5263.