How long does it take to be pre-approved?

Our lending partners typically respond to a complete request within one or two business days. A pre-approval makes sellers take your offer as seriously as a cash buyer's.

How long does it take from the application to closing?

Once the lender has your documents, closing can be as short as 5-7 business days; the biggest variable is how quickly questions are answered. Aviation lenders understand aircraft; a local bank often cannot finance one at all.

How long can I finance my aircraft for?

Terms typically run from 5 to 20 years depending on the aircraft's age, type and use.

What are the down payment requirements?

Typically 10% to 20%. Some lenders go lower for strong borrowers, so start the conversation early.

What are the interest rates I should expect?

Rates depend on the aircraft, the term, your credit and the lender. The lending partner quotes the rate; Hangar67 does not set or publish rates.

Are there closing costs?

Depending on the lender there can be closing costs for escrow, title work or other items tied to closing the loan.

Are there application fees?

There is no fee to send a request through Hangar67. Any lender fees are disclosed by the lender before you apply.

Are there any usage restrictions?

Your loan describes how you plan to use the aircraft. If that changes - for example you put the aircraft on a charter certificate - tell your lender first.

What age of aircraft can I finance?

Most lenders prefer aircraft under 20 years old. Older aircraft can be financed, often on different terms.

What factors impact my ability to finance an aircraft?

Your credit, the aircraft's age, make, model, avionics, use and history, your down payment and the loan amount all factor into a lender's decision.

Is Hangar67 a loan broker?

No. Hangar67 is a marketplace for aircraft, not a lender or a loan broker. We introduce you to a lending partner and may receive a referral fee from the partner; that fee does not change the terms you are offered.