Get Aviation Financing in Melbourne – MC Finance Group

Save Money for Other Needs: You don’t have to spend all your capital at once when buying an aeroplane. Aviation financing lets you pay in smaller instalments each month instead of a one-time lump sum. It helps you save funds for other important things the business needs. Plus, you have extra cash stays for emergencies or other opportunities.

Pay Less Tax: Financing air fleet operations can help you save on taxes. Yes, tax bills can be reduced by claiming the interest you pay. Also, the government lets you claim other costs if the plane is used for commercial purposes.

Get Better, Newer Aircraft: Flexible payment terms let you buy modern aircraft with better features. New planes use less fuel and have reduced maintenance costs. You won’t be tied to an outdated helicopter or higher operational expenses.

Change Plans When Needed: Aviation loans give you options to update or revamp payment plans. It helps in better budget planning and financial management.

Aircraft Purchase Loans:

This allows buyers to own a plane by borrowing the necessary funds. It is ideal for businesses or individuals who want to invest in new or pre-owned planes. The payments are spread out over time, making ownership more affordable.

Leasing Options:

It is like renting a plane. This financing approach allows airlines to adjust their fleet size based on market demands. They can choose to operate the plane for a short time or take ownership of the plane after the lease period. Operators benefit from lower initial costs and can upgrade planes more frequently.

Maintenance and Repair Loans:

Aircraft require regular servicing and repairs, which can be costly. This mortgage product covers the costs of upkeep. It also helps manage expenses like routine inspections, major overhauls, and more, without straining your cash flow.

Equipment Finance:

This funding covers the cost of purchasing tools and technology necessary for operating a plane. The option ensures the aircraft stays updated with superior ground support equipment and navigation systems.

Expansion Loans:

Any organisation or operator requiring money to grow can choose this debt. The loan payments can be matched to the income as it increases. These loans offer flexible terms and can be structured to match projected revenue streams.

Strong Credit History: The borrower should possess a minimum credit score of 700 or above.

Financial Capacity: Proof of income or revenue streams must be provided. It should detail the debtor’s ability to meet payment obligations.

Cash Flow: Lenders also evaluate the capital inflow of the business operations before approving aviation finance. A steady cash flow indicates sound financial health, increasing the chances of faster approval.

Experience: The debtor must have a qualified flight crew and other support arrangements.

Initial Consultation: You meet with our brokers and tell them all about your plans. Once we have this information, we’ll explain your options and help you understand what you can afford. This first discussion lets you know if you’re on the right track.

Loan Assessment: Our team will then review your finances, income, savings and credit score. Based on this, we’ll let you know how much can be borrowed and the monthly payments. It’s important to understand these figures before making a decision.

Documentation Submission: Next, we help you gather the necessary documents like:

1. Tax returns
2. Bank statements
3. Aircraft details
4. Insurance information
5. Proof of income

Approval Process: Once the application is submitted, the lender reviews all your information. They might ask more questions or need extra documents. We’ll also check the value and condition of the plane for you. If everything looks good, you’ll receive a formal offer.

Settlement and Loan Management: Once you accept the offer, you’ll need to sign the papers. The lender releases the money for buying or leasing the aircraft. Plus, our team explains how to make payments and address any concerns about the loan.

Tailored Solutions: We don’t believe in a one-size-fits-all approach. Our experts learn about your organisation, financial situation and goals. Then, we create a financing plan that fits the bill. You get exactly what you need; not a generic solution.

Expert Guidance: Our finance experts know the market inside out. We speak your language – no confusing terms or complex jargon are used. Everything is explained clearly to help you make smart choices.

Streamlined Process: With us, you skip the complicated paperwork. We’ll handle the complex stuff, such as the paperwork, for you. Our simple, step-by-step process makes getting financing easy. You can focus on your business while we take care of the rest.

Access to Multiple Lenders: We work with many lenders to find you the best deals. Our strong network connects you to lenders who can provide better rates or terms. You get more choices and better offers than going directly to banks.

Fast Loan Approval: Time is money and we don’t want to waste yours. Our team works quickly to get the aviation financing approved and you get faster access to funds.