Outline of Loan Features and Requirements

  • Fixed rate loans are available for piston helicopters, the R66, and certain “other” turbine-powered. Rates start at 4.24%.
  • Private pleasure-flying only, no commercial use. Aircraft may be titled in a special purpose entity for liability reasons, but it must be the only asset.
  • Amortization periods range from 5-20 years with up to a 10 year term.
  • Up to 85% loan to value (LTV) or purchase price whichever is less.
  • Minimum loan amount is $50,000
  • Rate/term refinancing available


  • Minimum FICO score 660
  • Debt to Income Ratio 50% Maximum

Loan Features

  • Maximum loan amount 85% of the value, purchase price, whichever is lower
  • All loans are fixed rate with rates starting at 4.24%
  • Time to close is approximately two weeks from receipt of a complete application package
  • Escrow is required for aircraft purchase
  • No origination fee/points. You pay cost of escrow

Required Documentation

  • 3 years personal Federal tax returns (Federal Only, no state please!)
  • 2 Most recent pay stubs
  • Proof of liquidity (bank or brokerage statements for non-retirement accounts)
  • Legible copy of Driver’s License
  • Copy of Pilot Certificate
  • Spec sheet on the helicopter (or a link to it)
  • For core rebuilds, copy of work proposal
  • Purchase Agreement

Insurance Requirements

  • Insured to at least the loan amount
  • 30 day notice of cancellation clause
  • Breach of Warranty clause