Pilot Financing

OSM Aviation Academy is able to offer financing solutions through our bank partners in the Nordic countries. We are constantly working on expanding these offerings to enable more individuals to pursue their dream of becoming a professional pilot. We believe that pilot training should be available to those who have the right attitude, skills, and ambition to succeed. 

For Swedish students, you can apply for a student loan through CSN. All of our integrated programs are CSN approved and if you have no former loans with CSN you can be eligible for up to 542 000 SEK in student loans and grants. 262 000 SEK of this amount can be used to pay the course fee, while the remainder is administered in monthly installments to cover living expenses such as accommodation, food etc. 

In addition to CSN financing, we can offer financing solutions for Swedish students through our bank partner Nordea with the following conditions: 

Option 1 - Financing through unsecured loans

• Loans without collateral
• Loan amount up to 350 000 SEK and a repayment time of up to 12 years
• Interest and amortization payments can be done on a monthly, quarterly or annual basis
• As per 2018-02-16* interest rates range from 4,85%-7,30% depending on your engagement in Nordea

*The interest rates are variable and may change if Nordea changes its lending rate.

Option 2 - Financing through mortgage loans

• Loan secured with real estate
• Loan amount up to 85% of the market value of the property and a repayment time of up to 50 years
• Interest rates can be offered both for a fixed term of 1-8 years, and a variable rate of 3 months fixed period
• As per 2018-02-16*, the mortgage rates range from 1,99%-3,35% depending on the length of the fixed term

*The interest rates are variable and may change if Nordea changes its lending rate.

Combinations of both solutions are also possible.

All loan applications are subject to a credit assessment, which involves a credit check from Upplysningscentralen (UC), and an evaluation of the credit taker’s repayment capacity. Nordea holds the right to exercise discretion in each individual case.

If you do not have a permanent employment with an income, a co-borrower will be required to secure the repayment capacity.