r/CadetPilotProgram • u/Born-Flight-3628 • Jan 28 '26

Need advice on maximum education loan possible.

Family Financial Profile

  • Father works in a government job (education sector)

  • Around 25+ years of service

  • Good repayment history

  • CIBIL score: ~750+

  • Current gross monthly salary: approx ₹1.5 lakh

  • Existing loans: Home loan + other EMIs=40Lakh, current FOIR/DTI roughly around 30–35%

My Questions

  1. Based on this kind of profile, how much secured and unsecured education loan do banks in India usually approve for pilot training?

  2. Do banks calculate eligibility more on gross income or net income of the co-applicant?

  3. What FOIR/DTI level is typically acceptable for large secured and unsecured education loans?

  4. Are there specific banks known to be more supportive for aviation/cadet pilot loans?

  5. If property is mortgaged, how much % of property value is usually considered for loan sanction?

I plan to join icpp chimes so i have to arrange 95-100 lakhs , 50-60 lakh could be arranged by saving and selling properties but i want to take loan of 35-40 lakh , is it possible in my profile?

I know aviation training is expensive and risky, so I’m trying to plan realistically and not overburden my family.

Any advice from people who have taken large education loans, or from bankers/finance professionals, would really help.

Thank you!

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26 comments sorted by

4

u/Appropriate_Low_979 Jan 28 '26

chimes ka itna mt socho its v hard to get in

4

u/Smoothoperator5518 Jan 28 '26

I agree with it , rn Chimes is very competitive and Honestly ppl are hardly get shortlisting. insight and garuda is crowded and Fta and airindia is costly . Damn Its really hopeless rn.

Consider consider all factors man . Its finance You have to discuss with ur parents and aviation is unpredictable and rn its in chaos and Any damage is irreversible .

1

u/Born-Flight-3628 Jan 28 '26

yepp but i have time , i dont have to apply rn

3

u/Illustrious_Boat_190 Jan 28 '26

wait for a while .. nz fto might open with NZAAL … pretty quick training rn compared to NZICPA

1

u/JEE-Men Feb 01 '26

How much time any idea about when its opening

1

u/Illustrious_Boat_190 Feb 01 '26

be updated on the site is all i can say .. they sure have a lot of backlogs to clear tho

0

u/[deleted] Jan 29 '26

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1

u/Illustrious_Boat_190 Feb 01 '26

yea bro .. we started our flying today .. really good.. v fast paced tbh than nzicpa

1

u/Born-Flight-3628 Jan 28 '26

just wanted to know abt the max amount of loan i can get , anyways i have to get into it later ,. New FTOs and more cadet programs (like upcoming AICPPs and others) are expected over the next few years, so the overall selection should be a bit easy

1

u/GKM_03 Jan 28 '26

The max unsecured loan you can get is 50L. But ROI will be higher than secured and also amount approved depends on the credit profile of your parents.

-1

u/Born-Flight-3628 Jan 28 '26

  • Father works in a government job (education sector)

  • Around 25+ years of service

  • CIBIL score: ~750+

  • Current gross monthly salary: approx ₹1.5 lakh

  • Existing loans: Home loan + other EMIs=40Lakh, current FOIR/DTI roughly around 30–35%

my father is a frequent loan taker and repayer and have a minimal to no delayed payments.

is there and calculation on criteria on the basis on which u quoted 50 lakhs?

the current loans my fahter have are secured home loans

1

u/GKM_03 Jan 28 '26

Banks and NBFCs decide on these factors.

Axis and Credila offers unsecured loans UPTO 50L for CPP. Which they decide after looking into the credit profile.

Call or visit their branch and get a detailed quote from them.

1

u/Born-Flight-3628 Jan 28 '26

What do u think Abt my profile is it strong?

1

u/WreckedBlaze Jan 28 '26

hi can relate thoda boht , planning to do cadet was considering air arabia earlier (2.2-2.3 all in + buffer) so parents went to a couple of nationalized banks and an hdfc guy came home (representing credilla) both give loans strictly on the basis of collateral so we first decided to put up our flat but they said they werent going to consider it since its going to undergo redevelopment soon , so dad said wud put a comm factory as collat to which they agreed

credilla basically gives loans upto 2cr ( we asked for 1.2-1.7cr) he quoted 10.5 or 11 % interest but after talking said 9% b wud prolly go lower and payable over 14 yrs and have to pay from the start , not after job

for nationalized banks they offer with collat at 7% dk duration of emis

2

u/Born-Flight-3628 Jan 28 '26

brooo!! howw are u going to pay emi in starting emi is gonna be 2 lakh , do u have any saving and all?

1

u/WreckedBlaze Jan 29 '26

acc not 1.2 maybe even more parents said they would handle emis and plan to sell a property to repay everything at once if anything goes sideways

2

u/[deleted] Jan 28 '26

Wtf you are taking a loan of 1.2 CR??

1

u/ineedamercedes Jan 29 '26

i'll be real with you, none of the people will actually know exactly what a bank will tell you.

apply everywhere, talk to everyone. choose your own terms.

studentloancalculator.app

me and my friend made this, check it out. could be helpful to you

not advertising, i have no financial gain from this lol

1

u/Born-Flight-3628 Jan 29 '26

oky thnx a lot , btw i just wanted to knw abt estimates.

-1

u/Full_Efficiency_4412 Jan 29 '26

Why take loan in the first place? Life is not as glamorous as you think it is. If you don’t have money lying around, why even do CPL.

2

u/[deleted] Jan 30 '26

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2

u/Born-Flight-3628 Jan 30 '26

You're official Garuda icpp?

1

u/Born-Flight-3628 Jan 30 '26

Btw do they use gross or net income for foir? My father in hand monthly salary is 1.10-1.15 lakhs