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Aircraft Financing

Lending Solutions To Purchase Aircraft

Whether you are looking to purchase a new aircraft or refinance your current aircraft loan, it is important to work with a lender that understands what it takes to provide proper aircraft financing. Austin Bank’s lenders specialize in providing you with financing to purchase an aircraft. If you would like to speak with one of our lenders about the aircraft financing options available to you, please contact your local Austin Bank office.

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Benefits of Austin Bank Aircraft Financing

Your aircraft loan can be tailored to fit your unique buying needs. We can offer you interest alternatives, competitive down payment requirements and amortization schedules that work for you. In order to apply for an aircraft financing loan, this is what you will need:

  • Completed personal financial statement (download here if needed)
  • 2 years of federal tax returns including schedules, W-2s and K-1s (3 years required for loans $1 million +)
  • Current pay stubs covering the last 30 days
  • Aircraft specifications – i.e. year, make, model and tail number
Are the rates and terms different depending on the type of aircraft?TM
Do you need my entire tax return?

What if I have had a bankruptcy?

How do I apply with partners?

Why do we need to go through an Escrow closing when purchasing an aircraft?

What is the International Registry ("IR") and do I need to worry about registering?

The IR was established in 2006 as a result of The Cape Town Treaty and International Registry of Mobile Assets ("Cape Town Treaty"). The IR has replaced FAA filing as priority in perfecting interests in ownership, etc. for particular assets (generally for larger aircraft). If you are a buyer, seller, or anyone who has an interest in the Aircraft Object you qualify for IR filing. The IR is not concerned with how you use your aircraft - domestic or international - but what type of Aircraft you own. IR registration is completed via the internet and your title company can perform IR functions on your behalf making IR transactions much easier for you.

Aircraft Objects Eligible for IR Recording meet one or more of the following:

  • Airframes that are type certificated to transport:
    • At least 8 persons including crew; or
    • Goods in excess of 6050 pounds
  • Helicopters that are type certificated to transport:
    • At least 5 persons including crew; or
    • Goods in excess of 990 pounds
  • Jet propulsion aircraft engines with at least 1750 pounds of thrust or its equivalent.
  • Turbine-powered or Piston-powered aircraft engines with at least 550 rated take-off horsepower or its equivalent.

To see if your aircraft is IR eligible click here and select the link "Cape Town Eligible Aircraft".

Does Austin Bank take care of the registration details with the FAA?

Does Austin Bank share my information?

Have you filled out a loan application (mortgage, car, credit card, etc.) with a lender and wondered why you were quickly contacted by another?  This could be the result of trigger leads.  Click here to learn more about Trigger Leads.

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