Hey there! Aircraft loan interest rates are directly influenced by your credit score, as people with lower ratings are considered ”˜high-risk’ applicants by lenders – so you can expect a higher APR if you’ve missed payments in the past.
If you’re finding it hard to get approved for an aircraft loan due to your financial history, rebuilding your credit score is the best way to get access to affordable aircraft finance rates in the long term. Of course, you can opt for a greater repayment period if you’d like to keep your monthly payments in check – but longer aircraft financing terms won’t have any impact on interest rates.
As a specialist broker, we work with some of the UK’s leading lenders – meaning you can get access to competitive aircraft loan interest rates when you apply through us. Every lender’s criteria is different, so even bad credit holders can find an affordable repayment plan by exploring the range of available options.
Our aircraft finance calculator is the easy way to find your Representative APR rate and see what you’ll need to repay each month. Give it a try to get a quick quote, or fill in our online application form to get the ball rolling.
