Monday, May 2nd  2016

General Info


TruBank SPECIALIZES in financing single engine aircrafts. When you call our toll free number you will reach a fellow pilot and aircraft owner who has personally been through the purchasing process. Listed below is general information about our lending programs. If you have more specific questions, please give us a call at 888-559-8892.

 

LOAN AMOUNTS

We make loans in sizes ranging from $55,000 to $250,000. For larger loans we can assist with the financing with additional participating banks.

 

QUICK APPROVAL

Once you have submitted a complete application we will strive to give you an answer on the same day.

 

FAST PROCESSING

If necessary, loans can often be closed within a few days. Although time is not always an issue with buyers, a lender who can respond quickly when time is of the essence is a great advantage.

 

COMPETITIVE RATES

Why pay more than necessary to finance your airplane? A lower payment means more money left for what you really want to do - fly the airplane.

 

PREPAYMENT FEES

During the first 12 months of your loan, we have a 1% prepayment penalty. After that, when you're ready to pay off your loan you may do so without any kind of prepayment penalty.

 

NO APPLICATION FEE

The only expense you pay is the bank's loan closing fee which covers all out of pocket costs such as lien searches, filing fees for the bill of sale and registration application with the FAA, express mail charges, and funds wiring costs.

 

PRE-APPROVALS

When you find the airplane of your dreams you don't want to risk someone else buying the plane while you wait for loan approval. We encourage buyers to get loan approval prior to starting the buying process. Searching is more fun when you find the plane you want and can tell the seller "I'll take it!" on the spot.

 

WE HANDLE ALL THE PAPERWORK

When you're ready to buy, we will handle most of the paperwork for you - including filing the necessary documents with the FAA.

 

AIRCRAFT UPGRADING

When you're ready to upgrade your airplane, so are we. New avionics, new interior, new paint, or a new engine, just give us a call and let us know what you want to do. If it adds value to the airplane, we can help you.

 

REFINANCING

If you are thinking of refinancing your current loan, give us a call. We may be able to save you thousands of dollars over the term of your loan.

 

EXCEPTIONS

As much as we would like to help every pilot, there are some exceptions. We do not make loans for warbirds, homebuilts, ultralights, helicopters, lease backs to flight schools, or jets. However, we will be happy to refer you to lenders who may be able to help with these requests.