Pilot Loan Eligibility
Find your loan, what you pay during training and the income you need, before you apply.
- 10+2 with PCMPhysics and Maths
- Class 2 medicalBefore the loan is paid out
- LOILowers what you pay during training
- EMI + ₹30,000Monthly family income, NBFC without an LOI
Documents you need
- Admission
- Offer letter or LOI
- Medical
- DGCA Class 2
- Income
- Co-borrower ITR
Quick answer
You need 10+2 with Physics and Maths, a DGCA medical and an admission letter or LOI. With non-agricultural property, a government bank lends at around 9.5%. Without property, an NBFC lends up to ₹1.5 crore. With an LOI the co-borrower needs a minimum yearly income. Without one, monthly income should be about ₹30,000 above the EMI.
How to check your eligibility in 5 steps
- Pick your programme. IndiGo, Air India or Akasa cadet, or a self-sponsored CPL in India or abroad.
- Find the total cost. In rupees, or in the school's currency converted to rupees.
- Check property. Non-agricultural property opens the government bank loan.
- Check for an LOI. Airline cadet programmes give one to selected cadets.
- Check co-borrower income. Match it against the tables below.
The tables below follow these steps. A counsellor can confirm the result for your exact profile.
Who can apply: the student
- 10+2 with Physics and Maths. Commerce or arts students can add them through NIOS.
- DGCA medical: Class 2 to start training. Class 1 is needed for the CPL, so get it done early.
- An admission letter from a flying school, or an LOI from a sponsoring airline.
- Indian citizen. Air India's cadet programme also accepts OCI holders.
Not sure you meet the pilot rules? See pilot eligibility in India first.
Which loan fits your situation?
| Your situation | Your loan | During training | What to know |
|---|---|---|---|
| Non-agricultural property | Government bank, around 9.5% | Nothing, or simple interest for a rate near 8.5% | You pay 15% of the fees yourself (the margin). Property must be worth at least the loan |
| No property, with an LOI | NBFC, around 11% to 13% | A fixed partial EMI | 100% of the fees, up to ₹1.5 crore. Co-borrower must meet the minimum income |
| No property, no LOI | NBFC, around 11% to 13% | The full EMI on the amount paid out | 100% of the fees. Monthly income about ₹30,000 above the EMI |
| Agricultural land only | NBFC, with or without an LOI | As above | Agricultural land is not accepted as collateral |
What is an LOI, and why does it matter?
An LOI (Letter of Intent) is a conditional pre-employment letter from a sponsoring airline. It promises you a future role with that airline once you finish training and meet its conditions.
Because a job is lined up, lenders see the loan as low risk. So they offer a partial EMI without collateral: a fixed amount each month during training, with the full EMI only after you finish. Without an LOI, the full EMI starts from the first payment to the school.
How much must the co-borrower earn?
NBFC loan with an LOI
| Loan amount | You pay each month during training | Minimum co-borrower income |
|---|---|---|
| Up to ₹25 lakh | ₹5,000 a month | ₹4 lakh a year |
| Up to ₹50 lakh | ₹15,000 a month | ₹6 lakh a year |
| Up to ₹75 lakh | ₹40,000 a month | ₹6 lakh a year |
| Up to ₹1 crore | ₹60,000 a month | ₹6 lakh a year |
| Up to ₹1.25 crore | ₹80,000 a month | ₹6 lakh a year |
| Up to ₹1.5 crore | ₹1,00,000 a month | ₹8.4 lakh a year |
NBFC loan without an LOI
The full EMI starts during training, so the family must be able to pay it from day one. Lenders look for monthly income of about ₹30,000 more than the EMI.
| Loan amount | EMI at 11% to 13% | Monthly family income needed |
|---|---|---|
| ₹25 lakh | ₹28,415 to ₹31,631 | ₹58,415 to ₹61,631 |
| ₹50 lakh | ₹56,830 to ₹63,262 | ₹86,830 to ₹93,262 |
| ₹75 lakh | ₹85,245 to ₹94,893 | ₹1,15,245 to ₹1,24,893 |
| ₹1 crore | ₹1,13,660 to ₹1,26,524 | ₹1,43,660 to ₹1,56,524 |
| ₹1.5 crore | ₹1,70,490 to ₹1,89,786 | ₹2,00,490 to ₹2,19,786 |
Government bank loan with property
The bank checks the co-borrower's income and credit history itself. Property value matters more than a fixed income limit.
Find the right loan for your training
Tell us where you will train, whether you have property and whether you have an LOI. A counsellor will show you the loan that fits and what you pay each month.
Eligibility for common pilot programmes
Here is how the rules work at the upper end of each programme's fees.
| Programme | Fees | Government bank loan (85%) | NBFC with an LOI | NBFC without an LOI: income needed |
|---|---|---|---|---|
| Self-sponsored CPL in India | ₹75 lakh | ₹64 lakh (you pay ₹11 lakh) | ₹40,000 a month, income ₹6 lakh a year | ₹1,15,245 to ₹1,24,893 a month |
| CPL in South Africa | ₹58 lakh | ₹49 lakh (you pay ₹9 lakh) | ₹40,000 a month, income ₹6 lakh a year | ₹95,593 to ₹1,03,017 a month |
| CPL in the USA | ₹86 lakh | ₹73 lakh (you pay ₹13 lakh) | ₹60,000 a month, income ₹6 lakh a year | ₹1,27,179 to ₹1,38,178 a month |
| IndiGo cadet programme (Chimes) | ₹1.04 crore | ₹88 lakh (you pay ₹16 lakh) | ₹80,000 a month, income ₹6 lakh a year | ₹1,48,206 to ₹1,61,585 a month |
Source: FMS Aviation Academy and Maverick Aviation (India), Airship Aviation (South Africa, New Zealand, USA), flying school fees (Canada, Australia), 2026. IndiGo fee as listed by Chimes Aviation Academy. Checked on 1 Nov 2026.
See the programme pages for detail: pilot training loan for India, IndiGo cadet programme loan and USA pilot training loan.
Common gaps and how to fix them
| Gap | What it means | How to fix it |
|---|---|---|
| Only agricultural land | The government bank loan is not available on that land | Use an NBFC loan, or pledge other non-agricultural property |
| No LOI, and income cannot carry the full EMI | The full EMI starts during training | Ask your school about an LOI, add an earning co-borrower, or use property with a government bank |
| With an LOI, income below the minimum | The NBFC may lower the loan | Add a second earning co-borrower, or choose a lower-cost school |
| Property worth less than the loan | Banks need property worth at least the loan | Add another property, or combine with an NBFC loan |
| Medical not cleared yet | Lenders and schools may wait for it | Clear the DGCA Class 2 medical before applying |
| Weak credit history of the co-borrower | Can lead to a lower amount or a decline | Clear overdue dues and add a co-borrower with a clean record |
Every lender takes its own decision. These tables show your likely loan, not an approval.
Documents needed for a pilot training loan
Student
- PAN, Aadhaar and passport
- 10th and 12th marksheets and certificates
- DGCA medical certificate (Class 2, and Class 1 if done)
- Admission letter and fee schedule from the flying school, and the LOI if a sponsoring airline has given you one
- DGCA computer number, if already issued
- For training abroad: visa papers and the school's fee schedule in its currency
Co-borrower
- PAN, Aadhaar and address proof
- Salaried: recent salary slips and Form 16
- Self-employed: income tax returns for recent years and business proof
- Bank statements for the last six months
- Details of existing loans, if any
Property (government bank loan)
- Title deed and the chain of earlier title documents
- Approved building plan and recent property tax receipt
- Encumbrance certificate
Property rules and time to sanction are explained on pilot loan with collateral.
What happens after you share your details?
- A counsellor calls you to confirm the loan that fits.
- We collect your documents and share the file with the lender that suits you best.
- The lender decides and issues the sanction letter.
- You use the sanction letter to confirm your seat or visa.
Want to see the monthly numbers first? Use the pilot loan EMI tables, or go back to the education loan for pilot training overview.
Frequently asked questions
Straight answers to what students and parents ask us about pilot training
Plan your pilot training loan
Tell us where you will train, whether you have property and whether you have an LOI. A counsellor will call you with the loan that fits and what you pay each month.
FundMyCampus is a loan facilitation platform. Loans are sanctioned by the lending bank or NBFC at its discretion. Rates are approximate and change with the RBI repo rate and your profile. We never promise approval or a rate.