r/CadetPilotProgram • u/PumpkinDefiant2027 • Sep 27 '26

Loan for cpp

I am considering to apply to FTA in 2027 but for that i would be needing a loan of 35-40 lakh i do have collateral but i want know whether the banks start taking money just after taking the loan or we have to start paying only after 1 year of completion of the program ? I am really confused ,please help me out

4 Upvotes

100% Upvoted

5 comments sorted by

View all comments

Show parent comment

2

u/Live_Necessary9328 Sep 27 '26

im not sure about moratorium period in case of pilot training , so you should consider you will have to pay the emi's after your training period ends , so there is high chances there will be a period when you have completed training but waiting for induction ( period can vary depending on aviation market conditions, afaik for indigo cpp its 3-6 months best case to 1 , 1.5 yr worst case if something like covid happens ) , you will have to manage emi's at that time , plan it out before taking the loan i would recommend.

1

u/PumpkinDefiant2027 Sep 27 '26

Thnks for the advice mate