Becoming a commercial pilot is a dream for many, but the cost of pilot training in India is high, ranging from ₹40 lakh to ₹50 lakhs. Since most aspiring pilots cannot afford this amount upfront, taking an education loan for pilot training is a popular option. Many Indian banks and financial institutions offer pilot training loans, helping students cover the cost of flight school, accommodation, and other expenses.
 

In this blog, we will explain the step-by-step process of getting a pilot education loan in India, along with the eligibility criteria, required documents, and repayment terms.
 

Step 1: Check Your Eligibility for a Pilot Training Loan

Before applying for an education loan for pilot training, you must meet the eligibility criteria set by banks and financial institutions.

✔ Indian citizen with a strong academic record
✔ Confirmed admission in a DGCA-approved flight school in India or abroad
✔ A co-applicant (parent or guardian) with a stable income
✔ A good credit score (if applicable)
✔ Some banks may require collateral for higher loan amounts
 

Step 2: Select the Right Bank or Financial Institution

Several Indian banks and NBFCs (Non-Banking Financial Companies) offer loans for pilot training in India and abroad. Some of the best options include:

✔ State Bank of India (SBI) – SBI Student Loan Scheme
✔ Punjab National Bank (PNB) – PNB Udaan Scheme
✔ HDFC Credila – Pilot Training Loans
✔ Bank of Baroda – Education Loan for Aviation Courses
✔ Axis Bank – Education Loan for Professional Courses
✔ Avanse Financial Services – Student Loans for Pilot Training
 

NBFCs like Avanse, Auxilo, and InCred provide education loans without collateral, but interest rates may be higher.
 

Step 3: Gather the Required Documents

To apply for a pilot training loan, you need to submit the following documents:

✔ Admission letter from a DGCA-approved flight school
✔ Cost estimate of the pilot training course
✔ KYC documents (Aadhar, PAN, passport)
✔ Income proof of the co-applicant (salary slips, bank statements, ITR)
✔ Academic certificates (10th, 12th, or graduation)
✔ Collateral documents (if applicable)
 

Step 4: Apply for the Education Loan

✔ Visit the bank branch or apply online through the bank’s website
✔ Submit the required documents and loan application form
✔ The bank will evaluate your repayment capacity and creditworthiness
✔ If required, you may need to provide collateral security for loan approval
✔ Once approved, the loan amount is disbursed directly to the flight school
 

Step 5: Loan Repayment Terms

✔ Moratorium Period – Most banks provide a grace period of 6–12 months after course completion before loan repayment starts
✔ Loan Tenure – Can range from 5 to 15 years, depending on the loan amount
✔ Interest Rate – Typically 8% to 14% per annum, depending on the lender
✔ EMI Payments – Monthly payments start after the moratorium period
 

Tips to Get a Pilot Training Loan Easily

✔ Choose a DGCA-approved flight school to increase loan approval chances
✔ Maintain a good academic record and provide a strong financial background
✔ Opt for collateral-free loans if you don’t have property or assets to pledge
✔ Compare interest rates and repayment options before selecting a bank
✔ If possible, apply for government schemes that support aviation students
 

Conclusion

Securing an education loan for pilot training in India is possible with the right preparation. Choose a trusted bank or NBFC, submit all required documents, and ensure you meet the eligibility criteria. A well-planned loan repayment strategy will help you manage your finances and achieve your dream of becoming a commercial pilot.
 

If you are planning to start your pilot training journey, research the best flight schools and loan options to make a financially sound decision.