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PPL Question

  • 06-05-2015 4:18pm
    #1
    seamen
    Registered Users, Registered Users 2 Posts: 15 ✭


    Hi Guys,

    I know this may have already been asked before, but if you are going about getting a loan to commence a PPL who is better in the long run... the bank or the credit union ? obviously I know ill be lucky to get a loan of either even with my full time job and small savings.


Comments

  • #2
    martinsvi
    Registered Users, Registered Users 2 Posts: 1,729 ✭✭✭martinsvi


    if you can't afford PPL, you can't afford to pay back the loan, it's as simple as that.. save yourself from damaging your credit history... Remember, you don't have to pay the whole training cost all at once, it's pay as you go, it's as straight forward as a monthly repayment, so why would you ever pay admin fees and APR's for a lump of sum potentially sitting on your coffee table waiting for skies to clear?

    Assuming you will not listen to me, first and foremost check the cost of loan comparing APR's! I can't imagine it being cheap, given that there's nothing to secure the loan against, like a car or mortgage...


  • #3
    Seanmul89
    Registered Users, Registered Users 2 Posts: 114 ✭✭Seanmul89


    What i done was had my own savings to pay some of the PPL and then got the remaining balance of a loan to finish of the training, I had the loan repaid in no time out of my local CU. I have a good history with them so they will give it to me again if i need a top up to continue my training, im full time employed also which helps. Some sort of collateral would be needed if you wanted to fund like ATPLs


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