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Are all aircraft loans fixed rate?

Adam Answers

Adam answers in August's edition. 
Question: Are aircraft loans amortization loans or fixed rate loans?

Answer: Based on the size of the loan, our lenders can offer a variety of different structures. Most loans have fixed rates for the entire length of the loan. There are also options for balloon or adjustable rate structures. With these types of loans, the rate would be fixed for a shorter term (typically 3-7 years) with the monthly payment based on a longer amortization. Balloon and adjustable loans also offer lower rates than standard fixed rate structures. Please give us call and we can help you determine which loan structure is right for your needs.

Question: Does AOPA make loans for purposes other than aircraft financing?

Answer: AOPA Aviation Finance offers two types of loan products. The first uses an aircraft as collateral for purchases, refinancing, and/or upgrades. In some cases, lenders are willing to use an aircraft that is owned free and clear for purposes outside of aviation (e.g. debt consolidation, hangar financing, etc.). In either case, an aircraft is required as collateral for the loan. The second product is an unsecured line of credit primarily to finance flight training and additional ratings. AOPA Aviation Finance does not offer financing for home, auto, etc. 

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Great rates. Great terms. Helpful and responsive reps. Three good reasons to turn to AOPA Aviation Finance when you are buying an airplane. If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (75263) or click here to request a quote.

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Adam Meredith
Adam Meredith
President of AOPA Aviation Finance Company
Adam Meredith, the longtime president of AOPA Aviation Finance Co., died after a long battle with cancer in December 2023. He is remembered for his passion for helping fellow pilots, leading a team devoted to putting flight training and aircraft ownership within everyone’s reach.
Topics: AOPA Aviation Finance Co, AOPA Products and Services

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