Financial Assistance Programs

Financing is available for professional training from the Caisses Desjardins branch in Saint-Hubert.

Admissible Client Profile

Canadian citizen or landed immigrant, enrolled full time in a flight school.

Goal of the loan

Financing for the flight training program.

Credit Limit

Maximum of 40,000$.

Types of Financing

During studies: Line of Credit for a maximum period of 24 months.

After studies: personal loan

Payment Options

During studies:
Interest only.The first payment is deferred six months after the end of the training.

After studies: Maximum period for payment:

0 – 15,000$                5 years

15,000$ and more      10 years

Line of Credit

The line of credit becomes refundable:

• At the completion of the program, or if you leave the program.
• In the case of a default with regard to the banks policies or irregularities in the evaluation criteria.

Interest Rate

* DPBR + 1 %

At the moment of consolidation: rate of loan at the applicable rate minus 2 %.

* Desjardins Personal Base Rate

Frequency of Rate Changes

Monthly revision.

Life Insurance

Mandatory Life Insurance (line of credit insurance).

Guarantee

The signature of a cosigner or confirmation of a tangible guarantee can be imposed.

Required Documentation

• Proof of inscription
• Copy of the receipt
• Notice upon completion of studies

Transfers

• Upon request of the school, for future training (maximum of 3,500$ per request);
• If you leave your training, a written notice must be sent to the bank, and a check funding the advances not used will be made jointly