Alaska and the Pacific Northwest offer virtually limitless opportunities for year-round recreational activities.  And, it's more fun to play when you have all the right toys.   No matter where you live, Alaska USA has loan programs for all the vehicles you need for your outdoor fun.

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Aircraft Loan Guideline

1. Maximum Amount:

New - Normally, 85% of purchase price.
Used - Normally, 85% of the lesser of: (a) purchase price or (b) value as determined by an accepted appraisal (and confirmed by the Aircraft Blue Book on nonpurchase-money transactions).

100% financing available for qualified applicants.

2. Maximum Term:

• 240 months when loan value exceeds $70,000, with a 180 month balloon payment.
• 180 months when loan value exceeds $25,000.
• 144 months on all others.

3. Type of Lien:

Security Agreement and FAA Filing.

4. Annual Percentage Rate:

Periodically established by the Board of Directors based upon current money market conditions and the credit qualifications of the applicant(s).

5. Restrictions:

All aircraft financed under this guideline must be assembled and certified for flight, and be for noncommercial use only.

6. Miscellaneous:

Insurance requirements shall include proof of in-flight and ground hull coverage with a breach of warranty endorsement at loan closing. Legible copies of the log books must be provided for final approval. These include the logs for the airframe, power plant and propeller (if required by the FAA).

This guideline is approved by the Board of Directors and is effective March 28, 2007.