Now is the time to refinance your aircraft to take advantage
of industry historic low rates. Re-financing your airplane is a fairly straight
forward process. Banterra Aircraft Finance offers prompt professional service,
extremely competitive rates and terms and with no application fee(s). To expedite your refinance request, it is
recommended you gather the following items for the credit review process:
Updated Aircraft Specification Sheet with current aircraft times, installed
options, avionics, etc., most recent two years personal 1040 complete tax
returns with all schedules (to verify income), complete a simple Credit Application,
and fill out a Personal Financial Statement . Once the Banterra Aircraft Finance
Underwriter receives this information, a credit decision usually can be
processed in one business day or less.
Once your refinance request is approved, you’ll simply need to contact
your current aircraft lender and request a pay-off letter and their wire instructions. Now is also a good time to add any upgrades
to the aircraft and finance a portion or all of those costs with your new loan.
The majority of aircraft lenders will not advance “cash back” on new loans
unless it’s for reimbursement of recent verifiable upgrades. Cash back for other ventures not relating to
capital improvements on the aircraft is not available.
