Aircraft Refinancing · Lower Your Rate Today

Aircraft Loan
Refinancing.

Rates have moved. If you financed your aircraft when rates were above 7%, 8%, or higher, a refinance at today's 6.46% certified piston rate may save you hundreds per month. The process is simpler than your original loan.

6.46%
Refi rate from (certified piston)
6.37%
Refi rate from (turboprop)
No prepay
Most aircraft loans
2 days
To new pre-approval
Soft pull
No credit impact

Aircraft refinancing is one of the most underutilized tools in general aviation finance. A pilot who financed a Cirrus SR22 in 2022 at 8.5% and has not refinanced is paying roughly $460 more per month than someone who refinances today at 6.46% — on the same loan balance. Over 20 years, that's a $110,400 difference on a $300,000 loan. That money is available to reclaim. Most pilots don't know they can do it.

Most aircraft loans have no prepayment penalty. That means you can refinance any time — and today's rates are meaningfully lower than what many pilots are currently paying.

Aircraft refinancing works the same as your original loan — a new lender pays off the existing balance and issues a new loan at the current rate and your remaining term (or a new term, if you prefer). The aircraft is the collateral. The documentation requirements are similar to the original purchase, minus the purchase agreement. The pre-buy inspection may or may not be required depending on the new lender's policy and the aircraft's age.

Beyond rate reduction, refinancing can also be used to pull equity out of an aircraft for an upgrade — if your aircraft has appreciated (as Mooneys and certain Cirrus SR22T variants have), you may be able to access that equity for a down payment on a step-up aircraft, avionics upgrades, or other purposes. FLYING Finance has structured aircraft equity refinances and can explain when it makes sense.


What refinancing actually saves you

Real savings estimates at current vs. older rate environments. 20-year remaining term on the existing balance.

Refinancing savings examples · mid-2026
Current rates: 6.46% certified piston · 6.37% turboprop
Aircraft / scenarioOld rateOld monthlyNew rateNew monthly
$280K balance — 2016 Cirrus SR228.50%$2,4306.46%$2,081
$420K balance — 2019 Cirrus SR22TSaves ~$458/mo · $5,496/yr8.25%$3,5796.46%$3,121
$650K balance — 2015 King Air C90GTxSaves ~$721/mo · $8,657/yr8.20%$5,5186.37%$4,797
$1.2M balance — 2018 TBM 930Saves ~$1,200/mo · $14,200/yr8.00%$10,0376.37%$8,855

Is refinancing right for you?

Four scenarios where aircraft refinancing typically makes financial sense.

Rate is above 7%
Your current rate is above today's market

If you financed before 2021 or during the 2022–2024 rate environment, your current rate is likely 7.5%–9.5%. Today's certified piston rate starts from 6.46%. Any loan balance above $100,000 with a rate more than 1% above today's market is worth evaluating for refinancing. The math changes at smaller balances and shorter remaining terms — use the calculator to confirm the savings justify the refinancing cost.

Credit profile has improved
Your financial profile is stronger now

If your credit score was below 700 when you originally financed, or your income documentation has improved significantly, refinancing at today's rate with a stronger profile may produce a meaningfully better rate than your original loan — beyond just the market rate movement. Lenders price by profile, not just category. A 720+ borrower today vs. a 680 borrower in 2021 can see materially different pricing.

Aircraft has appreciated
Pull equity for an upgrade or avionics

Mooney Acclaim Ultras, late-model Cirrus SR22T G7+ examples, and certain TBM variants have appreciated in the current market. If your aircraft's current value exceeds your loan balance by a meaningful amount, a cash-out refinance can access that equity for a down payment on a step-up aircraft, avionics upgrade (GTN 750, GFC 500), or other purposes. FLYING Finance has structured aircraft equity refinances and can explain the terms.

Term reset
Extend the term to lower payments

If you financed on a 10 or 15-year term and your payment is a strain, refinancing to a 20-year term at today's rate can significantly reduce your monthly obligation. The total interest paid increases with a longer term, but the cash flow relief may be worth it depending on your situation. The calculator can show you the tradeoff between term length, payment, and total cost.


What a refinancing file needs

Financial documents
  • Three years of personal federal tax returns (all pages)
  • Three years of W-2s or business returns
  • Two most recent pay stubs (W-2 borrowers)
  • Three months of bank statements
  • Personal financial statement or net worth summary

No purchase agreement required for a straight refinance. Shorter file than your original loan.

Aircraft documents
  • Current loan payoff statement from existing lender
  • Aircraft registration (N-number, owner entity)
  • Most recent annual inspection sign-off
  • Engine log with current times
  • Any major maintenance or avionics upgrade records
  • Current hull insurance certificate

Pre-buy inspection may or may not be required depending on lender and aircraft age. FLYING Finance will advise upfront.




Questions we answer every week

Can I refinance any aircraft loan?
Most aircraft loans can be refinanced — there's no restriction based on original lender. Most aircraft loans also have no prepayment penalty, which means there's no cost to paying off the existing balance early when you refinance. Confirm with your current lender that there's no prepayment penalty before applying for a refinance.
How long does aircraft refinancing take?
Pre-approval: 2 business days. New lender title search and payoff coordination: 3–5 business days. Closing and payoff of existing loan: 1–3 days. Total: 10–14 business days from application to completion. The process is simpler than your original purchase because there's no purchase agreement, no seller, and no pre-buy inspection needed in most cases.
Is there a minimum loan balance to refinance?
FLYING Finance considers refinancing for loan balances of $75,000 and above. Below that threshold, the costs and administrative time of refinancing typically exceed the savings from a rate reduction. For balances above $150,000 with a rate at or above 7.5%, the math almost always favors refinancing at today's rates.
Can I refinance and pull cash out of my aircraft?
Cash-out refinancing is available when your aircraft's current market value exceeds your loan balance. The new loan is based on the aircraft's appraised value, and the excess over the payoff balance is disbursed to you. This structure is used for upgrade down payments, avionics, or general liquidity. FLYING Finance has structured cash-out aircraft refinances and can advise on whether your aircraft qualifies.

Amelia
FLYING Finance AI Specialist
Permanent member of the FLYING Finance team

"Refinancing is one of the most underutilized tools in aviation finance. I can calculate your savings in about 30 seconds. Tell me your current balance, rate, and aircraft — I'll show you what you could save."

Savings refi $280K from 8.5% to 6.46%?
Refi King Air from 8.2% to 6.37%?
What is the minimum balance for aircraft refinancing?
Cash-out refi on an appreciated SR22T?
How long does aircraft refinancing take?
A
Ask me anything about rates, payments, documentation, or the process. I know this category well.
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