Aircraft Australia Finance

Aircraft Australia Finance is designed to enable students to achieve their flight training goals earlier than they would if they had to save up for tuition fees.  We have teamed up with Mortgage Choice finance broker, Alistair. We believe that a personal loan can be paid off faster than a VET fee debt. Below we have listed the three types of training for which you can apply for a personal loan plus some repayment comparisons between VET fee and personal loans.

RA Aus

Pilot Certificate
37 Hours
  • RAA Pilot Certificate
  • Cross Country Endorsement
  • Passenger Endorsement


Private Pilot Licence
40 Hours
  • Cross Country Endorsement
  • Controlled Airspace Endorsement
  • NVFR *Optional


Commercial Pilot Licence
200 Hours
  • PPL & Endorsements
  • Bob Tait Theory *
  • CPL Examination

VET Student Loan vs Personal Loan

VET Student Loan Scenario

CPL Course                         Max $75,000 Loan  

                                              Approx cost $88,500* ex GST

Shortfall to self fund        $13,500 May be staged   

+ Loan Fee 20%                 $15,000

Total Debt                           $90,000

Total Debt inc indexation of 1.5%  if no repayments are made after

8 years                                  $101,384

Average Aviation Salary   $48,000

Yearly repayment              $4,055 pa (based on 4% voluntary repayment)

Time to repay debt            25+YEARS

Total investment               $114,384

*The average cost for VET  registered flight schools

Personal Loan

CPL Course                                         Approx cost $63,500 ex GST

Shortfall to self fund                         $13,500 May be staged

Personal Loan                                    Max $50,000

Interest Rate (indicative)                 10.99%*

Loan Term                                          7 years (84 months)

Repayments                                      $199.94 per week

Total debt to be repaid from personal loan if only the  minimum repayments are made                                            $67,179

Total investment                              $80,179

The Facts

VET Student Loan Scenario

  VET Student Loan  Facts:

  • There is a lifetime limit on VET Student Loan Debt of $100,879. 
  • There is a 20% loan fee which is added to the balance of the loan but does NOT count towards the VET Student Loan Limit. 
  • While there is no interest charged, the Student Loan debt is indexed each year “to maintain its real value”, adjusting it in line with changes in the cost of living (as measured by the Consumer Price Index  – CPI). The Indexation Rate for 2017  was 1.50%  and since 2011 the rate has averaged 2.23% per annum.
  • Repayments are calculated on your worldwide taxable income. Repayments commence at an annual income of $54,869, with repayments being 4% of your income, and increasing to 8% of your income for $101,900 & above.
  • A VET Student loan is with the Australian Government and will take precedence over any other debt.  i.e. if you apply for a home loan and have an outstanding Vet debt it will  be taken into account in your application.

Personal Loan

  Personal Loan Facts:

  • Credit approval is based on your existing circumstances
  • Regular repayments & defined loan term
  • Additional repayments may be allowed so you can repay sooner

Where do I Begin?

To enquire about eligibility for loans and to ask any questions, please email Alistair at  or call 07 3343 1748.  Alistair McNee (Dip FMBM, A Fin, Franchise Owner, MFAA Approved Credit Advisor) 

** Interest rate indicated is based on Advertised Fixed Personal Loan rate as at 04/10/17.  Actual interest rate will depend the borrower’s specific individual circumstances & are subject to lender’s assessment.


Advice disclaimer: The information provided above is for general education purposed only and does not constitute specialist advice. Because of this, you should consider the appropriateness of the advice to your situation, before taking any action.

All training at Air Queensland is based on competency of the pilot and not on hours of tuition. A student will only receive their certificate or licence if they have passed all tests and the Instructor deems their flying to be satisfactory. All pricing for completion of course costs is an estimation only. Finance is provided by a third party provider and Air Queensland takes no responsibility for advice given in relation to financial products supplied by the provider.