If you’re curious about what an aircraft loan pre-approval is all about, you’re in the right place. Getting pre-approved can simplify the whole process and give you clarity as you shop for your dream plane.

Stick around as we cover the key aviation financing steps and guide you through the aircraft loan application process.

Why Pre-Approval Matters Before You Shop

You just fell in love with a plane but can’t afford it. This could be bad news, but thanks to aircraft loan pre-approval, it doesn’t have to be. 

Getting pre-approved lets you know exactly how much funding you qualify for before shopping. This means you can look with confidence and avoid financial surprises later.

What Lenders Look at During Pre-Approval

Before issuing a pre-approval, lenders review a few important details. Here’s what they typically consider in aviation financing steps:

  1. Credit Score: Proves you’ve managed loans well before.  
  2. Financial Stability: Shows you can afford payments based on income and debts.  
  3. Down Payment: Reflects how much you’ll invest upfront.  
  4. Aircraft Details: Lenders evaluate the plane’s age, type, and value.

The Pre-Approval Process Step-by-Step

Getting pre-approved is an important first step in the aircraft-buying process. Here’s a simple breakdown of how it works, step by step.

1- Application

Start by filling out the aircraft loan application. This includes providing basic information about yourself, the plane you have in mind, and your financing needs.

2- Financial Documents

Lenders will also want to see your financial documents. These could include tax returns, bank statements, and proof of income. It’s all about showing you’re in good financial shape.

3- Pre-Approval Letter

Once everything checks out, the lender issues a pre-approval letter. This letter outlines the loan amount you’re approved for, simplifying shopping and strengthening your offers.

AirFleet Capital is Ready to Provide Aircraft Financing

Now that you know the basics of aircraft loan pre-approval, you’re ready to kickstart the process. Pre-approval sets you up for success and makes buying an aircraft less stressful. To take the next step in aviation financing, contact AirFleet Capital today.

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